Role, Importance of ORIC and Entrepreneurship in Universities
The entrepreneurial universities aim to facilitate practical knowledge to students and industries to foster
economic development. Many ideas were put forward to pioneer universities in the United States like
Massachusetts Institute of Technology (MIT) and Stanford establish a solid patent policy, technology transfer
policy and Liaison between university and industry. The next great change occurred in Western Europe, with
most of the universities transforming themselves into institutions supporting entrepreneurs. The last was the tip
of the iceberg i.e. newly emerging economies helped these universities to reach their desired goal.