Introduction to Entrepreneurial Ecosystems Meet Innovation Systems: Synergies, policy lessons and overlooked dimensions

Abstract

This introductory chapter sets the scene for the book theme and presents the main book contributions and take-aways. It first briefly overviews the entrepreneurial ecosystems and the innovation systems frameworks focusing on their central topics, evolution and practical applications. It proceeds to highlight the ways the two concepts can (and in many cases should) learn from each other. This discussion leads to the policy lessons, which in general suggest that the systemic approaches to local economic development, when properly tailored to the local conditions and needs, can deliver superior results compared to the “traditional” (usually narrow-focused) policy initiatives. Finally, the chapter touches upon several underexplored areas, such as entrepreneurial culture from the anthropological perspective, social entrepreneurship in the so-called latecomer economies and the ability of the entrepreneurial ecosystems to contribute to the reduction of the informal economic sector.

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