The Universities are changing globally and more closely integrated in producing inventions and

innovations alone and in collaboration with other partners and as part of the R&D activities nationally and internationally. The increase in both national and international competition of universities and growth of knowledge intensity of societies as the primary or sole basis of value creation has since 1980s led to the need to search for better responsiveness of university knowledge to industry/state demands. This search has manifested in several ways, from science parks to consolidations of different types. The uneasy coexistence of market logic and the logic of science still continues to be one of the major fields of debate in studies where science policy, universities and economies are at the focus. Added to this, the market logic at the national level has led to the need to profile universities in order to streamline R&D training and research and reallocate the national higher education institution budgetary expenses in many Western countries. Through one country case study this paper will address the recent developments of a market logic practice in academic science, that is, the university entrepreneurship as a faculty entrepreneurship and as way to build national profiling features within university system. The empirical part of the paper will use

case study methods, interviews and critical methodology as key methods for the study. More broadly, the paper will contribute to STS discussions on university/industry/state relationship, neoliberalism, commercialization, and on forces such as austerity in shaping universities as engines of economic development.