ABSTRACT
Today, entrepreneurship policy programmes are most highly prioritized issues on almost every economic development agenda across the globe. Nevertheless, what fosters countries’ capacities for exploiting new ideas via innovation and entrepreneurship remains fragmented and empirically inconsistent. However, when summarizing the extensive research over the past 40 years, one key insight seems to be evident: instead of being a national phenomenon, creativity and entrepreneurship is a very regional and social event embedded in local communities and their institutions (Audretsch and Lehmann, 2016; Obschonka et al., 2015; Wagner and Sternberg, 2004).
