For some fifteen years it has been argued that Europe's research and industrial base suffers from a series of weaknesses, the greatest of which is the comparatively limited capacity to convert scientific breakthroughs and technological achievements into commercial successes. This perception of a...

There is a need for a conceptual approach that, with reference to explicit micro-level mechanisms and processes of industrial dynamics, articulates the role and function of entrepreneurial experimentation in innovation systems. This paper develops the concept of "entrepreneurial systems of...