Linking innovation and entrepreneurship policy (original) (raw)

Entrepreneurship and Innovation Policy

SSRN Electronic Journal, 2000

What is meant by entrepreneurship, innovation and economic growth is often not clear or very idiosyncratic. This paper starts with a discussion of the nature of entrepreneurship and its relation to innovation. The second section provides an overview of theory and empirical research on the relation between entrepreneurship, innovation and economic growth. The paper continues with a study on entrepreneurship and innovation in the Netherlands in an international and historical perspective. After these conceptual, theoretical and empirical investigations, we turn to policy issues. JEL-classification: E61, G38, L26, L53, O12, O31, O33, O38

Modern Policy for the Entrepreneurial Economy: Theoretical Considerations

This article aims at defining the scope and conceptual instruments of the new policy to promote entrepreneurship under the conditions of the paradigm of entrepreneurial economy with particular emphasis on supporting high growth small and medium-sized enterprises (HGSMEs). The article stresses the relationship between SME policy and enterprise or entrepreneurship policy and innovation policy. The article also identifies contemporary instruments to support entrepreneurship in the entrepreneurial economy. The study uses the analysis and critique of literature.

Entrepreneurship, Innovation and Public Policy: A Survey of Literatures

International Journal of Economics & Management Sciences, 2015

This paper intends to explain the relationship between innovation and entrepreneurship as crucial determinants of economic growth. Individual differences are what scholars in the emerging field of entrepreneurship view as relevant, usually undermined factors that account for the success of entrepreneurs. Policymakers usually initiate public policies from what economists have to say. It is not surprising policymaking process originates as top down approach. This paper tries to accomplish two tasks. "In informal attempts to explain [the growth of free market economy], the terms 'innovation' and 'entrepreneur' frequently recur. Yet in the main body of our writings on microeconomic theory these two words are also scarcely to be found".

Public Policies to Support Entrepreneurship: Do They Contribute to Strengthen Smes Sector?

The Annals of the University of Oradea. Economic Sciences, 2021

for the development of a dynamic and innovative small and medium enterprises (SME) sector is widely recognized in economic theory and practice. Entrepreneurship do not only contribute to productivity improvements, but it could also help finding practical solutions to social and environmental challenges, climate change, global economic or health crises. However, despite this widespread recognition, entrepreneurship relatively recently becomes a concern for the decision-makers’, and in many cases the support measures are partial, difficult to understand and access, marked by bureaucracy and over-regulation, even in developed countries. Therefore, the active involvement of policy makers, the contribution of public or private support structures, education, public awareness of the benefits of entrepreneurship and small and medium-sized businesses are essential. Building policies and strategies to support entrepreneurship starts from objective characteristics, but it must be adapted to th...

Rethinking of SMEs and entrepreneurship policies

2020

There is an urgent need a fundamental rethinking of SME and entrepreneurship policies to improve business conditions and access to resources, Also, need a renewed policy and measurement agenda to understand how countries, regions and cities can capitalize on their many diverse small businesses as drivers for inclusive and sustainable growth. We need also looks into how entrepreneurs can ride the waves of digitalization and sustainability as two of the most powerful market influences.

Entrepreneurship Policy: Theory and Practice

The International Entrepreneurship and Management Journal, 2005

Secretariat, and leads the Practice of Innovation Initiative, profiling highly innovative firms and their CEOs. Prior to joining the Government of Canada in 1990, she spent ten years as a university professor teaching and researching in the areas of entrepreneurship and small business management. She has authored (or co-authored) seven books and has over 40 papers published in refereed journals and conference proceedings. She is a Past-President of the International Council for Small Business (ICSB) and the Canadian Council for Small Business and Entrepreneurship (CCSBE); a member of the Entrepreneurship Of The Year Institute; a Fellow of the Price-Babson Fellows Program; a Fellow of the IC 2 Institute of the University of Texas at Austin; and a Wilford White Fellow. Ms. Stevenson is a member of the International Reference Council of the Swedish Foundation for Small Business Research (FSF) and during 2000-01 was a visiting researcher with the Foundation leading an international study of entrepreneurship policy. She holds three degrees from universities in Canada and the UK and lives in Ottawa, Canada. Prof. Anders Lundstrom is Founder and President of The Swedish Foundation for Small Business Research (FSF), with offices in Orebro and Stockholm, Sweden and Brussels. He is responsible for the FSF research programme concerning the effects of small business and entrepreneurship policy programmes and has conducted many studies on the problems and possibilities for SMEs and related policy issues. Dr. Lundstrom was Deputy-vi

AN INTERFACE BETWEEN ENTREPRENEURSHIP & INNOVATION - NEW ZEALAND SMEs PERSPECTIVE

Economists, with varying success, have often addressed the issue of interface between entrepreneurship and innovation. Recently, there has been an increased interest in this field, due to the realisation that entrepreneurs and entrepreneurship can contribute to society in various ways, including for example, economic growth (Hayek, 1948), business creation (Gartner, 1985), national identity (Bolton, 1971), and the innovation process (Schumpeter, 1934). The last point, on the contribution of entrepreneurs to the innovation process, is particularly critical to public policy making in small and open economies such as New Zealand. New Zealand is predominantly a nation of small and medium size enterprises (SMEs)-we often tend to describe ourselves as a nation of entrepreneurs and refer to "Kiwi ingenuity" as a typical feature of our country. In New Zealand, SMEs constitute the majority of all non-agricultural enterprises, for example, 84% of enterprises employ 5 or less full time equivalent staff and 96% of enterprises employ 19 or less staff, and as such are more predominant than in many other countries. In the New Zealand context, SMEs are viewed as the most critical source of flexibility and innovation, and make a significant contribution to economy, both in terms of their number and the proportion of the labour force they employed. The significance of the SME sector in New Zealand is increasing as large firms downsize to compete in the international market, workers face less job security, and more people turn their hand to small business either at retirement or as a lifestyle choice. With further opportunities presented by globalisation and technological development, the role of SMEs seems likely to continue to increase rather than diminish in the coming years. In the context of public policy making, it is critical to develop an understanding of the interface between entrepreneurship and innovation, and in particular, of how to stimulate innovative activities and a culture of entrepreneurship within the larger context of national innovation systems. We explore the basic notions and theory underlying entrepreneurship, innovation and public policy initiatives in turn. The views expressed in this paper are those of the authors, not necessarily the Ministry of Economic Development.