opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created … endogenously via R&D results in knowledge spillovers. Such spillovers give rise to opportunities to be identified and exploited by … entrepreneurs. Our results show that there is a strong relationship between knowledge spillovers and new venture creation. …

knowledge into innovations. In that way, entrepreneurs will play a vital role in creating the jobs of the future by transforming … ideas and knowledge into new products and services, which will be the competitive advantage of the advanced economies. …