The emergence of the entrepreneurial university mirrors the emergence of two key forces driving economic prosperity – knowledge and innovation. The university serves as a key source of research generating knowledge. However, if that knowledge is not automatically or easily transformed into innovation, then the entrepreneurial university is a response by pro-actively creating and engaging in activities conducive to technology transfer and knowledge spillover. The entrepreneurial university has emerged as a key actor in entrepreneurial ecosystems, along with a new role, values and governance for universities in society.