Entrepreneurial universities and intermediary organizations as a success factor in SMEs: Literature review

Abstract

The main goal of this article is to indicate the role of entrepreneurial universities and intermediary entities as a success factor of small and medium enterprises. Entrepreneurial universities represent institutions that undertake entrepreneurial activities with the objective of improving regional or national economic performance. On the other hand, intermediary entities advance the commercialization of science by providing a set of specialized services. The article points out the role and significance of three types of intermediary entities, such as university technology transfer and licensing offices, physical space intermediaries (incubators, accelerators and co-working) and specific financial providers' intermediaries (venture capital, angel finance and crowdfunding platforms). Moreover, the article underlines the role and the importance of the aforementioned intermediary entities in Serbia, with the aim of demonstrating their influence on forming new small and medium enterprises. We explore how these various intermediaries function and how they provide complementary and related services in support of scientific commercialization through entrepreneurship. The basic purpose of the aforementioned types of entities is to serve as factors of survival, growth and development of small and medium enterprises.

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