Entrepreneurial university: The relationship between smart specialization innovation strategies and university-region collaboration
Addressing the effect of regional innovation strategies for smart specialization is beneficial. This study investigates the correlation between smart specialization innovation strategies and university-region collaboration. The findings of this study will help researchers and decision makers understand and strategically plan for linking education with industry and thus help create entrepreneurial universities. This paper examines the regional innovation strategies for smart specialization. The data was collected at a Croatian university. The research aims to study the effect of the link of an educational institute with industry and how that makes universities become more entrepreneurial. In our model, smart specialization is measured as an assessment of the benefits of university-regional collaboration for universities to become entrepreneurial. The results highlight that smart specialization innovation strategies are enhancing university collaboration regionally. We learn that involvement of universities is an essential ingredient.