entrepreneurial universities, funding diversification, Georgia, higher educational institutions, third-stream income
Abstract
The paper discusses the significance of diversified funding for transforming universities into entrepreneurial organizations. Paper looks at the international experience of transforming higher education institutions (HEIs) into entrepreneurial organizations and the situation in Georgian private and public universities in this regard. To achieve stated goal of the research about analysing the situation in Georgia, questionnaire was developed and employees of higher education institutions and business companies were interviewed. Survey results showed that universities in Georgia are not entrepreneurial and the same survey results displayed the problems that exist in Georgia in this regard.
