Prospects on the Academic Entrepreneurship in Bulgaria and Macedonia

6 Pages Posted: 25 Sep 2012

See all articles by Ninko Kostovski

Ninko Kostovski

University American College Skopje (UACS)

Milen Baltov

Burgas Free University

Date Written: April 20, 2010


What makes the entrepreneurship among the academia so special? Do the world of science and the business live their own lives in the transition countries such as Bulgaria and Macedonia?

Starting with such issues the paper is to make a review on the problems and identify the fields for joint research in both countries. Much more the institutional framework and the individual drives for making a business related with the science achievements is regarded in the paper. Coming to the factors, the need for social capital is in focus and the educational aspects of laying the entrepreneurship as inter alia.

Keywords: Academic spin-offs, Entrepreneurial bias, Innovation, Innovation process

JEL Classification: A22, A23, L26, P36, M12

Suggested Citation

Kostovski, Ninko and Baltov, Milen, Prospects on the Academic Entrepreneurship in Bulgaria and Macedonia (April 20, 2010). Available at SSRN: or

Ninko Kostovski (Contact Author)

University American College Skopje (UACS) ( email )

Treta Makedonska Brigada
Skopje, 1000


Milen Baltov

Burgas Free University ( email )

62, San Stefano Str.


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