Entrepreneurial Ecosystems Meet Innovation Systems
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Entrepreneurial Ecosystems Meet Innovation Systems

Synergies, Policy Lessons and Overlooked Dimensions

Edited by Alexandra Tsvetkova, Jana Schmutzler and Rhiannon Pugh

This book presents multidisciplinary research that expands our understanding of the innovation system (IS) and the entrepreneurial ecosystem (EE) perspectives on regional economic development. It critically reviews the two concepts and explores the promise and the limits of bridging IS and EE, particularly as applied outside of the bubbling global hubs or to the types of entrepreneurship different from the high-growth variety.
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Chapter 8: The complementarity approach to understanding entrepreneurship and innovation ecosystems taxonomy

Maksim Belitski and Andrew Godley

Abstract

Research has found that entrepreneurship ecosystems significantly contribute to regional economic development. This study applies a synergy approach to explain how various components of entrepreneurship ecosystems can align with each other to be able to facilitate regional economic development in heterogeneous entrepreneurial ecosystems. Our results provide a general framework formed by four components, which could help develop a taxonomy of territories according to their main characteristics. Based on this approach, it is argued that in cases where a territory lacks one of the four components under consideration, the role of the missing element within the system could potentially be provided by the complementarity between the components that are in place. We applied this framework to the Greater Reading area in the United Kingdom and demonstrated that it is the complementarity between entrepreneurial actors which facilitates entrepreneurship.

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