Mutual Benefits from Entrepreneurship of Non-business University Graduates for Academia and Founders

There is a trend among universities to teach entrepreneurship and support startup initiatives. In this article, the state-ofthe-
art in entrepreneurship higher education and university ecosystems of non-business schools is reviewed, and the example
of the University of Applied Sciences Technikum Wien, Austria, and one of its startup show cases, Toolsense, is elaborated
to understand critical success factors for non-business graduates as founders. The mutual benefits for universities
and founders are discussed. In the case of Toolsense and the University of Applied Sciences, narrow band IoT as brought
to the University by the startup. Implications on a universities’ innovation and portfolio management are highlighted. Concerning
startups, the importance of growth financing after initial success is elaborated.