ACADEMIC ENTREPRENEURSHIP IN LIFE SCIENCES: THE CASE OF A MODERATE INNOVATOR COUNTRY

The commercialization of research done by universities and research institutes is seen as a key element of entrepreneurship, justifying a better understanding of the entrepreneurial process within those institutions. Despite efforts in recent decades, there remains a widespread ignorance about who are the individuals with a greater vocation for research and marketing of knowledge. Focusing on a relatively unexplored context - the field of life sciences in a moderate innovator country, Portugal - this study adds new empirical evidence to the precedents of academic entrepreneurship. The results, based on 247 responses, evidence that entrepreneurship (including patent production, consultancy work and creation of start-up companies) is still very incipient. The econometric analysis of the "Index of entrepreneurial activity," shows that: (1) the phenomenon of academic entrepreneurship is within everyone's reach, but embraced by very few; and (2) academic entrepreneurship feeds on the exchange of knowledge and resources among universities and research institutes and their socio-economic environment. Thus, to increase academic entrepreneurship in life science in Portugal, the mechanisms to facilitate the interactions between universities and the business community must be strengthened, promoting the development of business clusters with the integration of the academic world, which will enable the transformation of knowledge into market products and services.