ABSTRACT
Knowledge Intensive Business Services (KIBS) act as sources of external knowledge, while contributing to innovation and hence the growth of territories. Miles (2005) defined KIBS as services targeting private firms and public institutions that undertake complex operations to resolve problems and that view the role of human capital as essential. KIBS perform a range of tasks that are essential for innovation by integrating knowledge intensive activities into other firms' production processes. Scholars have typically distinguished between firms with lower growth expectancy and firms with greater growth potential. Thus, to maximise the effect of public spending on economic growth, entrepreneurship policy should focus on firms whose features such as echnology-based firms, innovative companies, etc. afford them greater growth potential. The number of research articles that examine entrepreneurship and its influence on economic development is growing. In economic theory, entrepreneurship has been modelled as an occupation lying somewhere between selfemployment and paid work.
