Abstract

The common objective of knowledge-based economic development efforts everywhere in the world is the creation of an innovative region. The triple helix model was developed by H. Etzkowitz and L. Leydesdorff to define regional transformation mechanisms in an innovative region, whose economic growth is based on knowledge. As analyzed by Etzkowitz, an entrepreneurial university is a new type of institution which is evolving as a result of an intensive interaction between previously isolated spheres of a university, industry and government. Analysis of the literature in this research gives some direction to what university could and should do to create an entrepreneurial university to incorporate Triple- Helix for regional development. By combining the work of Clark, Etzkowitz, other educators and the entrepreneurship literature at large, we can identify some capabilities and some reasonable practice models that give substance and some description for university transformation. Present research was supported by Research Grant of Economics and management Department (FAME) Tomas Bata University in Czech republic. It is aimed to study and develop transformation model of Regional University into Entrepreneurial one and to achieve strategic development goals of Zlin Region in future.