Encourage entrepreneurship within the university community including students from different degrees, hoping to incentivate the creation of spin-offs.
The recognition, in the Azores of a low transfer of knowledge, the lack of entrepreneurial attitudes of the university students, the necessity of value creation and the opportunity of students' contacting with business reality is the aim of this practice.
It is developed in three phases, starting with the Triple Helix Forum, which discusses topics on entrepreneurship, research, good practices and success stories, involving governmental entities, the University of the Azores and companies.
The second stage stems from the development of business ideas, the realization of workshops.
The project culminates with the presentation of the business ideas in a pitch format before a jury that will choose the three best ideas.
All of these students in charge of the business ideas receive information on the measures and incentives in place that support business creation. They are also able to participate in the Regional Entrepreneurship Competition, which aims to reward innovative projects conducive to the creation of a company.
The main stakeholders are the Azores Business Development Society, and the University of the Azores and the beneficiaries are University students.
The main objective is the creation of academic spinoffs and startups that promote the importance of research in the leverage of competitive advantages of companies, as well as in creating value through innovation.
Human resources are required (a minimum of 4 people) and the collaboration of the entities involved to provide the facilities for the forum, workshops and events.
Evidence of success
Since the beginning of the project, there has been 6 editions and has involved over 440 students of the University of the Azores, from 5 different courses. The main propose of ETH is to encourage entrepreneurship within the university community including students from different degrees (graduate, masters and PHD), hoping to incentivate the creation of spin-offs.
Difficulty in articulation and involvement of the various actors of the triple helix.
Potential for learning or transfer
The promotion of entrepreneurship within the University has a great potential for learning and developing certain skills that in the future will be fundamental for the individuals, not only in the business environment, but also essential for developing and implementing soft skills that are required in a sustainable society.