Innovative entrepreneurs create ideas and have the ambition to build them into high-growth enterprises. Fostering innovative entrepreneurship is critical to the UK’s future competitiveness.
While the UK has been successful at increasing the number of businesses, it is apparent that some entrepreneurs are more innovative than others.
It is these innovative entrepreneurs who are more likely to seek growth, create the majority of jobs and wealth, and therefore contribute to closing the UK’s productivity gap.
The UK should therefore develop a policy framework that supports these entrepreneurs. However, with limited information available about them, more evidence is needed to identify their characteristics and the barriers that they face.
Published
January 2007
Author
NESTA
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