Technology entrepreneurship is a concept that describes technology-driven entrepreneurship whereby technology is leveraged upon on to achieve entrepreneurial success. The countries called ASIAN tigers emerged on the platform of technology entrepreneurship. This study attempted the use of case studies to describe University- Industry transformation on society drawing strength from the theory of planned behaviour. It is premised upon the belief that universities can facilitate their partnerships with industry by developing competencies in the area of technology. Renowned world economies revolutionized on the bases of technology entrepreneurship. The current statistics in turn revealed that nine out of top ten firms in the world are technology-based. The study proposes that universities should embark on planned behaviour towards development-driven research in the area of technology. It further recommends that innovation culture should be strategically integrated into the university system for enhanced societal and economic impact.