What Europe Needs Is an Innovation‐Driven Entrepreneurship Ecosystem: Introducing EDIE

Abstract

With entrepreneurial and innovation ecosystems appearing in geographic pockets around the world in diverse places and pockets of growth, the call for an entrepreneur‐driven innovation ecosystem (EDIE) in Europe is long overdue. Change remains a constant, and traditional industries and mature markets in Europe have left a vacuum in the path to economic growth. The need for a new model is immediate. If Europe is to find itself providing competitive leadership in the global business environment, a new philosophy is necessary to move forward in the twenty‐first century. This is the thinking behind the imperative for an EDIE in Europe, which is presented in this article as a result of a long established effort to awaken a European response to an increasingly contracting environment. © 2015 Wiley Periodicals, Inc.

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