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The Role of Public Policy in Fostering Technology-Based Nascent Entrepreneurship

  • Donald F. Kuratko
  • Matthias Menter
Chapter
Part of the Palgrave Advances in the Economics of Innovation and Technology book series (PAEIT)

Abstract

How public policy shapes and fosters technology based nascent entrepreneurship is one that is challenging for policy makers, supporting institutions, public and private sector actors. The chapter focuses on the impact of public policy on entrepreneurial activities in general and nascent entrepreneurship in specific, taking the knowledge spillover theory of entrepreneurship and the associated assumption of entrepreneurial opportunities being endogenously induced by knowledge investments as a starting point. Taking clusters and high technology entrepreneurship the chapter uses the Leading Edge Cluster Competition in Germany to examine the role of public policy. The essential role of universities is highlighted in promoting nascent entrepreneurship not only in the private but also in the public sector in the context of the German Excellence Initiative as well as the wider implications for public policy are discussed.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.The Kelley School of BusinessIndiana University BloomingtonBloomingtonUSA
  2. 2.Faculty of Business and EconomicsUniversity of AugsburgAugsburgGermany

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