Fostering innovative entrepreneurship

Challenges and policy options

image of Fostering innovative entrepreneurship
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.




The purpose of this publication is to identify and examine the major drivers and obstacles to the development of innovative entrepreneurship in the UNECE region with a special emphasis on emerging market (transition) economies. The presented good practices and policy options are expected to assist the decision makers, particularly in EMEs of the region, in developing policies conducive to the commercialization of R&D outputs, produced by universities and other research institutions, and innovative entrepreneurship. This publication also draws on the major findings of a series of capacitybuilding events organized by UNECE during 2008-2011, including the conclusions and recommendations to governments by the International Conference "From Applied Research to Entrepreneurship: Promoting Innovation-driven Start-ups and Academic Spin-offs".


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