Innovation often takes place in entrepreneurial ecosystems. We use the history of the Silicon Valley venture capital …

contrarian, whereas public policy has a bias toward incremental innovation and replication of past success. If central planners … knew what the next radical innovation would be, there would be no need for Schumpeterian entrepreneurs. Schumpeterian … are too complex to design, and central planning instead reduces the space for organic institutional innovation. …

Innovation often takes place in entrepreneurial ecosystems. We use the history of the Silicon Valley venture capital …

prerequisite for innovation and entrepreneurship. This is done by putting the spotlight on the role that formal and informal … institutions often act as impediments to entrepreneurship and innovation. We argue that a common yet underappreciated source of …

It is imperative that the economies of the European Union become more entrepreneurial to promote innovation and … to promote entrepreneurship, innovation and growth. …

function which, until recently, has been an underappreciated and poorly understood source of innovation and institutional …