Knowledge-intensive innovative entrepreneurship integrating Schumpeter, evolutionary economics, and innovation systems

Franco Malerba and Maureen McKelvey ()
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Franco Malerba: Bocconi University
Maureen McKelvey: University of Gothenburg

Small Business Economics, 2020, vol. 54, issue 2, No 9, 503-522

Abstract: Abstract This article proposes a novel conceptualization of knowledge-intensive innovative entrepreneurship, which can capture the main characteristics of a vital phenomenon in the modern economy. Our conceptualization is based upon the integration of Schumpeterian entrepreneurship, evolutionary economics, and innovation systems approach. It consists of a theoretical definition and a stylized process model. According to this view, knowledge-intensive innovative entrepreneurs are involved in the creation, diffusion, and use of knowledge; introduce new products and technologies; draw resources and ideas from their innovation system; and introduce change and dynamism into the economy. In the article, we also offer an empirical definition of knowledge-intensive innovative entrepreneurship, which we then use to identify its key characteristics and relevance. We conclude with recommendations for a future research agenda.

Keywords: Entrepreneurship; Innovation; Knowledge-intensive sectors; Innovation systems; Evolutionary economics; L26; M13; O3 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (43)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:54:y:2020:i:2:d:10.1007_s11187-018-0060-2

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DOI: 10.1007/s11187-018-0060-2

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