Fostering innovative entrepreneurship
Challenges and policy options
This publication sheds light on innovative entrepreneurship and difficulties
that entrepreneurs face when creating businesses based on research and development results.
The legal and regulatory conditions for enterprise development and the existing
infrastructure for applied research are explored. Sources of financing for innovative
entrepreneurs and roles of specialized financial providers are explored. Highlighted is the
need to strengthen linkages between institutions that generate knowledge and the firms that
strive to use it commercially. The publication discusses government policies facilitating
the emergence of new innovation-based enterprises, its initial growth, identifying
bottlenecks and suggesting corrective action for governments and other
stakeholders.
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