Universities play a crucial role in developing a startup ecosystem by providing entrepreneurial education, creating a supportive environment, and facilitating knowledge sharing. They train students in entrepreneurial skills and foster a culture of innovation and problem-solving.

Universities also act as a bridge between businesses and startups, collaborating to create and share cutting-edge knowledge. They can support startups through mentoring, training programs, and startup competitions. By adapting their traditional role and focusing on knowledge sharing, universities can contribute to sustainable growth and resilience within the ecosystem.

Additionally, universities can facilitate the commercialization of innovations and provide resources for startups to access new markets. Overall, universities play a vital role in nurturing and supporting startups, driving innovation, and contributing to the growth of the startup ecosystem.

Universities have been functioning as centers for generation, preservation and transmission of knowledge. They are expected to perform an important role in community development. They need to facilitate the development of capabilities of the community for the overall development of the nation.

Universities can work in partnership with student-entrepreneurs—and institutions such as the Small Business Administration—to conduct market research, obtain financing, and create viable businesses. The student-entrepreneur learns in the process, and his or her classmates also expand their practical knowledge.