Sustainable Wealth Creation beyond Shareholder Value



The university can be a place for generating returns on investments—returns that are both financial and of other nature. This chapter investigates an approach in which action-based masters-level education is integrated into university venture creation. The approach is resided at Chalmers School of Entrepreneurship (CSE) and Göteborg International Bioscience Business School (GIBBS) in Sweden. The purpose of the schools is to champion ideas into viable investment opportunities through a combination of venture development and entrepreneurial training. The schools promote the responsible utilization and commercialization of primarily university-based research ideas in the fields of technology and bioscience. They also package ideas stemming from individual inventors or from firms. This approach accommodates promising ideas and research results that are not so “low-hanging” as to be championed into start-ups. All this is done while shaping aspirant entrepreneurs during their masters-level education. Many of these aspirants will continue running the venture beyond its incorporation into a firm and often through several rounds of venture capital financing. This approach will be described and analyzed as an innovative way of accomplishing multiple returns on investments that contribute to sustainable development in several ways.


Venture Capital Business Development Educational Objective Venture Creation Student Team 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Cohen, B., and Winn, M. I. 2007. Market Imperfections, Opportunity and Sustainable Entrepreneurship. Journal of Business Venturing 22 (1): 29–49.CrossRefGoogle Scholar
  2. Dean, T. J., and McMullen, J. S. 2007. Toward a Theory of Sustainable Entrepreneurship: Reducing Environmental Degradation through Entrepreneurial Action. Journal of Business Venturing 22 (1): 50–76.CrossRefGoogle Scholar
  3. Halpern, J., and Plano, L. 2006. $125,000 Ignite Clean Energy Business Presentation Competition Under Way; Invention to Venture Workshop to Train Entrepreneurs February 24. Business Wire (February 26): 1.Google Scholar
  4. Innovating Regions in Europe. 2008. Chalmers School of Entrepreneurship, CSE: The Aim of CSE Is to Educate Future Entrepreneurs by Encouraging Students to Pursue Technological Business Ideas. (accessed February 28, 2008).
  5. Marsden, T., and Smith, E. 2005. Ecological Entrepreneurship: Sustainable Development in Local Communities through Quality Food Production and Local Branding. Geoforum 36 (4): 440–451.CrossRefGoogle Scholar
  6. Pretorius, M., Nieman, G., and van Vuuren, J. 2005. Critical Evaluation of Two Models for Entrepreneurial Education: An Improved Model through Integration. International Journal of Educational Management 19 (4/5): 413–28.Google Scholar

Copyright information

© Charles Wankel and James A. F. Stoner 2008

Authors and Affiliations

There are no affiliations available

Personalised recommendations