BUSINESS INCUBATOR AS AN IMPORTANT ELEMENT IN ESTABLISHING THE ENTREPRENEURIAL UNIVERSITY (Case Study: The business Incubators Center Bandung Institute of Technology)
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Globalization, new technology and infonnation movement are forces in this new millennium that are causing finns to examine their culture, structure, and system for flexibility and adaptability. We need innovation and entrepreneurial thinking as an essential element to face it. It's important for the entrepreneur to be able to read the technological map, predict technological trend, and act efficiently. University as a center of education research that produces technology has a big potential for creating entrepreneurs. The entrepreneurial university is being developed to nurture the student intuition and analytical capability. The product of entrepreneurial university is graduates who excel in three dimensions: as a professional/technician, as a manager, and as an entrepreneur. Beside that, the idea of entrepreneurial university is linked to technology transfer-establishing closer links between university research, on the one hand, and industry and commerce on the other. This paper uses a case study methodology to explore the current practices of the entrepreneurial university in Bandung Institute of Technology (ITB), Indonesia. ITB is one of the first universities to adapt the entrepreneurial university spirit by having the business Incubator center as an important element to encourage the process of establishing new enterprises based on various competencies in ITB by; 1) facilitating the implementation of technology and commercialization, 2) building innovative and ethical enterprises which contribute to the community, 3) improving expertise and facilities utilization and to create a synergy among institutions to support the two points before. The Business incubator center at ITB (PlB-ITB) faces challenges such as increasing awareness about the business incubator center there and a good system to support the tenants. PIB-ITB as a capable medium has to create entrepreneurs. In this way, it can therefore support the entrepreneurial university. To make the entrepreneurial university successful requires creativity within its membership and support from the head of the upjversity.