The findings highlight scholarly attention on the interactions between elements of the entrepreneurial ecosystem and reveal the crucial role of entrepreneurial actors as drivers of innovation.
Authors
Sanjay Chaudhary, Associate Professor, Jindal Global Business School, O.P. Jindal Global University, Sonipat, Haryana, India.
Puneet Kaur, Department of Psychosocial Science, University of Bergen, Norway; Jaipuria Institute of Management, Lucknow, India; Optentia Research Focus Area, North-West University, Vanderbijlpark, South Africa.
Alberto Ferraris, Department of Management, University of Torino, Italy; Laboratory for International and Regional Economics, Graduate School of Economics and Management, Ural Federal University, Russia.
Stefano Bresciani, Department of Management, University of Torino, Italy; Department of Industrial Systems Management, Faculty of Materials Science and Technology, VSB-Technical University of Ostrava, Czech Republic; University of Nicosia – Nicosia, Cyprus.
Amandeep Dhir, Department of Management, School of Business & Law, University of Agder, Kristiansand, Norway; Jaipuria Institute of Management, Noida, India; Optentia Research Focus Area, North-West University, Vanderbijlpark, South Africa
Summary
Why do some regions continuously exhibit productive entrepreneurship while others stagnate? The entrepreneurial ecosystem and innovation are buzzwords within academic research, representing the cultural, economic, social, and political environment supporting productive entrepreneurship. Scholars have examined the linkage between ecosystems and innovation in the past few years, and there is an agreement that the interaction of entrepreneurial actors, institutions, and cultures facilitates new venture development and productive entrepreneurship. However, despite burgeoning research, the entrepreneurial ecosystem still represents a metaphor lacking clarity.
There is little agreement on the causal mechanisms driving the entrepreneurial ecosystem and innovation outcomes as the research at the current stage involves diverse views and is currently fragmented. We present a review of ninety-eight articles to synthesize existing research evidence on entrepreneurial ecosystems by identifying the ecosystem aspects maximizing innovative capacity.
The content analysis reveals three predominant themes: (1) the role of universities, (2) the role of entrepreneurial actors, and (3) innovation as an outcome of the entrepreneurial ecosystem. The findings highlight scholarly attention on the interactions between elements of the entrepreneurial ecosystem and reveal the crucial role of entrepreneurial actors as drivers of innovation. We contribute to the prior research by offering an overview of predominant themes and proposing a conceptual framework. Shedding light on the intersection between the entrepreneurial ecosystem and innovation is a potential pathway for future ecosystem research.
Published in: Technovation
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