Concern for the entrepreneurial capabilities needed to contribute to new business and subsequently new jobs is a major theme in contemporary European public discourse on economic growth. For obvious reasons the university system as the backbone in a national educational system is targeted. However, several countries, including Sweden, experiences a wide gap between rhetoric and practice with respect to the ambitions and abilities of higher education to establish an arena for the provision of entrepreneurial capabilities. On one hand the Swedish universities today have an additional enacted responsibility besides their traditional commitments as research centres and producers and communicators of formal academic knowledge. Every Swedish university is also expected to interactively contribute to the development of society. These expectations in particular concern the surrounding region and its small-business community.