Title: Modern-day Universities and Regional Development,
Abstract: Nowadays it is quite evident that knowledge-based society necessarily
involves the revaluation of human and intangible assets, as the advancement of
local economies significantly depend on the qualitative and quantitative
characteristics of human capital[Lundvall, 2004]. As we can instantaneously
link the universities as main actors in the creation of highly-qualified labour
force, the role of universities increases parallel to the previously mentioned
progresses. Universities are the general institutions of education, however i
nthe need of adaptation to present local needs, their activities have broadened
in the past decades [Wright et al, 2008; Etzkowitz, 2002]. Most universities
experienced a transition period in which next to their classic activities,
namely education and research, so called third mission activities also started
to count, thus serving many purposes of economy and society.