The role of universities is changing. In the last century the primary focus of universities was on education and research, with the key goals of creating and diffusing information and knowledge. A third and equally important role is now emerging, with its accompanying expectations and responsibilities -- that of value creation. "Value"…

High-expectation start-ups are firms launched by entrepreneurs with high ambitions for growth. The encounter between new technology and entrepreneurship that characterizes such new ventures has a significant impact on the nature and speed of economic development, driving the growth of high-technology industries and helping to make the economic…