University Spin-off for Economic Development in Malaysian Universities

The role of universities has been noticed in the last two decades in immediate economic context. Traditionally, universities have emphasized on teaching, research for development, creation and transfer the knowledge. Some universities have taken more active role of starting new businesses and some s...

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Main Authors: Norazlina Mohd Yasin, Mohd Hassan Mohd Osman
Format: Article
Language:English
Published: EconJournals 2015-03-01
Series:International Journal of Economics and Financial Issues
Subjects:
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/31972/352270?publisher=http-www-cag-edu-tr-ilhan-ozturk
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author Norazlina Mohd Yasin
Mohd Hassan Mohd Osman
author_facet Norazlina Mohd Yasin
Mohd Hassan Mohd Osman
author_sort Norazlina Mohd Yasin
collection DOAJ
description The role of universities has been noticed in the last two decades in immediate economic context. Traditionally, universities have emphasized on teaching, research for development, creation and transfer the knowledge. Some universities have taken more active role of starting new businesses and some still are not successfully developed and fulfill their role and demands, because of different factors. In order to develop new entrepreneurial skills and capabilities they need to adopt and learn advanced technologies and market uncertainties and convert this knowledge as an effective tool in spin-off companies. These spin-off companies able to progress capabilities to capitalize knowledge and collaborative network for economic development. In this paper we review Malaysian trend in this context and role of different universities and identifying the abilities they have had to develop and assess their capabilities with organizations networks for their operations. We also illustrated the universities role in economic development and shed a light on government policies and initiative toward university spin-off companies.
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spelling doaj.art-5ca66f6f1a624ff293e1705c538ec83f2023-02-15T16:19:14ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382015-03-01511351381032University Spin-off for Economic Development in Malaysian UniversitiesNorazlina Mohd YasinMohd Hassan Mohd OsmanThe role of universities has been noticed in the last two decades in immediate economic context. Traditionally, universities have emphasized on teaching, research for development, creation and transfer the knowledge. Some universities have taken more active role of starting new businesses and some still are not successfully developed and fulfill their role and demands, because of different factors. In order to develop new entrepreneurial skills and capabilities they need to adopt and learn advanced technologies and market uncertainties and convert this knowledge as an effective tool in spin-off companies. These spin-off companies able to progress capabilities to capitalize knowledge and collaborative network for economic development. In this paper we review Malaysian trend in this context and role of different universities and identifying the abilities they have had to develop and assess their capabilities with organizations networks for their operations. We also illustrated the universities role in economic development and shed a light on government policies and initiative toward university spin-off companies.https://dergipark.org.tr/tr/pub/ijefi/issue/31972/352270?publisher=http-www-cag-edu-tr-ilhan-ozturkuniversity spin-off entrepreneurship knowledge economic
spellingShingle Norazlina Mohd Yasin
Mohd Hassan Mohd Osman
University Spin-off for Economic Development in Malaysian Universities
International Journal of Economics and Financial Issues
university spin-off
entrepreneurship
knowledge
economic
title University Spin-off for Economic Development in Malaysian Universities
title_full University Spin-off for Economic Development in Malaysian Universities
title_fullStr University Spin-off for Economic Development in Malaysian Universities
title_full_unstemmed University Spin-off for Economic Development in Malaysian Universities
title_short University Spin-off for Economic Development in Malaysian Universities
title_sort university spin off for economic development in malaysian universities
topic university spin-off
entrepreneurship
knowledge
economic
url https://dergipark.org.tr/tr/pub/ijefi/issue/31972/352270?publisher=http-www-cag-edu-tr-ilhan-ozturk
work_keys_str_mv AT norazlinamohdyasin universityspinoffforeconomicdevelopmentinmalaysianuniversities
AT mohdhassanmohdosman universityspinoffforeconomicdevelopmentinmalaysianuniversities