Assessing the Drivers Behind Innovative and Creative Companies. The Importance of Knowledge Transfer in the Field of Industry 5.0

Knowledge-intensive entrepreneurship (KIE)Knowledge-Intensive Entrepreneurship firms (KIE firms) firms are widely recognized in the literature as the type of innovativeInnovative companiesCompanies that can exert the greatest influence on a region’s economic and social development. This has sparked a growing interest among governments and policymakers in developing initiatives to enhance the various driversDrivers behind this type of entrepreneurshipEntrepreneurship, although the results are not always desirable. Accordingly, we proposed a case study comparing the two regions comprising the Galicia-North Portugal EuroregionGalicia-North Portugal Euroregion to assess the key driver(s)Key drivers behind successful KIEKnowledge-Intensive Entrepreneurship firms (KIE firms) firms development during the period of 2015–2019. The data comparison of both regions points to a greater relevance of regional knowledge transferRegional knowledge transfer to develop this type of organizations. Thus, the exploratory results of this analysis should encourage public administrations to place special emphasis on initiatives aimed at transferring knowledgeKnowledge among the various agents involved in the innovation systemInnovation system. This would not only help them to design more efficient public policies for promoting Industry 5.0Industry 5.0 but also it would help to enhance regions’ development in the long term.