EXAMINING THE INFLUENCE OF THE ENTREPRENEURIAL ECOSYSTEM ON THE SUCCESS OF UNIVERSITY STARTUPS VIA THE DETERMINING FUNCTION OF KNOWLEDGE SHARING.

Abstract

An increasing number of educational institutions are making an effort to cultivate an atmosphere that may inspire innovative thinking and entrepreneurial endeavours. Students and faculty members at Aalto University are looking for an atmosphere that fosters creativity and entrepreneurship, and they are looking for an environment that is inclusive and diverse. The goal of this ecosystem is to provide assistance to the institution as well as the areas surrounding it, and possibly even to the economy of Finland. This is accomplished by bringing together financial, social, intellectual, and human capital. This research was conducted with the intention of analysing the overall environment of innovation and entrepreneurship at Aalto University, as well as the phenomenon of entrepreneurship that occurs on campus. They intend to contribute to the growth of Aalto University by offering specific recommendations for improvement, while also contributing to the academics’ theoretical understanding of the process of opportunity formation and the motivation to undertake entrepreneurial endeavours. When it comes to the elements that motivate student entrepreneurs to start their own enterprises, pull-motivational factors, particularly those that stimulate expansion, were found to have the most significant influence. An strategy that was basic and methodical was taken by the case entrepreneurs in the process of developing prospects. Three modifications were made to the model after the results were analysed. The first modification was the addition of entrepreneurial motivation as an influencer. The second modification was the division of entrepreneurial alertness into two levels: passive alertness and active search for opportunities to engage in entrepreneurial endeavours. Finally, the third modification was the addition of positive entrepreneurial experience as an influencer. Both the entrepreneurs’ prior knowledge and their first successful company experience were the most important elements that influenced their decisions. In addition, the findings brought to light the significance of the organisation.