In the last decade, universities in East Asia have taken knowledge transfer more seriously, especially when the state funding for higher education was reduced while other private funding sources were diversified. Universities in East Asia collaborate with the industrial and business sectors on projects related to research, development, and knowledge transfer to enhance their global competitiveness. This article examines how the quest for an entrepreneurial university in East Asia has affected academics and administrators in higher education, with particular reference to the perceived impact of an entrepreneurial university on academic life.