NEW FIRM CREATION-AN IMPORTANT RESEARCH STREAM
       EMERGE OF THE UNIVERSITY ENTREPRENEURSHIP


      Associated Professor Szabo Zsuzsanna Phd, Petru Maior University, Tg.-Mures,
                                   zsszabo@rdslink.ro
          Lecturer Daniela Ştefanescu phd, Petru Maior University, Tg.-Mures,
                              daniela.stefanescu@gmail.com


        Abstract: New firm creation seems to be one of the instruments available for university
entrepreneurship which the recent literature expose the most understanding. In order to measure
the university entrepreneurship, it should be taken into account the number of new firms created.
Nowadays, the necessity to transform the universities in entrepreneurial one became a
phenomenon all around the world, especially in developed countries. It is well recognized the
necessity to adapt universities to the demands of a global, knowledge-based economy. Thus, the
universities could become stronger players in the global knowledge society and economy. The
phenomenon importance is well reflected on the literature, based on the increasing number of
articles related to it. We also focused the connection between the university entrepreneurship and
its significant contribution in promoting smes. The principal research question of this paper is to
determine the current situation in united states, europe and the special case of Romania.

Key words:new firm, university entrepreneurship, knowledge economy, knowledge society
JEL code: M13