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

Author

Listed:
  • Franco Malerba

    (Bocconi University)

  • Maureen McKelvey

    (University of Gothenburg)

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.

Suggested Citation

  • Franco Malerba & Maureen McKelvey, 2020. "Knowledge-intensive innovative entrepreneurship integrating Schumpeter, evolutionary economics, and innovation systems," Small Business Economics, Springer, vol. 54(2), pages 503-522, February.
    • Handle: RePEc:kap:sbusec:v:54:y:2020:i:2:d:10.1007_s11187-018-0060-2
    DOI: 10.1007/s11187-018-0060-2
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