Yes / The aim of this paper is dual: a) to elaborate a systemic concept of intrapreneurship in academia which will be reflective of complexities and idiosyncrasies of the University as a multi-mission multi-function organisation; and b) to empirically test this concept in the context of relatively neglected outputs of academic intrapreneurship such as graduate employability and graduate wellbeing. Guided by an intrapreneurial ecosystem framework, our analysis is based on a combination of administrative and survey panel data for 141 UK higher education institutions. We arrive at several contributing findings. These suggest that the intrapreneurial ecosystem within academia is increasingly predisposed towards enhancing the quality of graduate outcomes rather than simply promoting raw measures such as graduate jobs or the number of graduate start-ups. Furthermore, we reveal the critical role of University national stakeholder networks for graduate career satisfaction, start-up generation, and undergraduate employment. Finally, our empirical exercise and its results demonstrate the practical value of the proposed concept of the intrapreneurial ecosystem for University management and practitioners, not least because it systematically identifies areas for an immediate, medium- and long-term action.