Abstract
Purpose of the research is to analyze the essence, role and models of universities of the new generation and to identify their modern challenges. Methodology of the research comprises of the critical review of fundamental and empirical research on entrepreneurial and engaged universities from the Web of Science database, processing and systematization of sources, comparative analysis of university models. Originality / value of the research. The results of the research can be used by the Ministry of Education and Science of the Republic of Kazakhstan, higher educational institutions, as well as other stakeholders and the general public. Findings – the article analyzes the most popular sources from the Web of Science database, dedicated to entrepreneurial and engaged universities in the framework of the Triple helix. The author identified the factors that affect their formation and development, consequently the comparative analysis of these two models was conducted.