| Summary: | This Master's thesis analyzes the Agency relationships in university environment by
applying a Global Venture Lab model of organization. The Global Venture Lab
described in this study is a growth venture incubator that has been developed in the
private organizational model to supplement the general faculty governance and the
development of the University in the field of commercialization of inventions. In the
study, the agent theory dimensions of moral hazard and adverse selection are applied.
The research is conducted by action research methods and it is partly written in real time
and partly with a retrospective approach. The data of the research is gathered during the
development project of Global Venture Lab in years 2008 to 2011. During the research
work, the Runway to Growth program was developed and the lessons learned from
combining different fields of expertise are applied.
In the research it is established that there exists a need for applying the Agency theory in
the university context in general, and that the private faculty structure may offer some
improvements for Agency theory related problems. During the research process a
detailed description of Global Venture Lab was built, as well as an application of funnel
model for students’ engagement to real life business development projects.
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