ABSTRACT
Although much entrepreneurship and innovation research focusses on the profit motive of private business there is also a substantial amount of innovation that is driven by the public good and social entrepreneurship goals. public good entrepreneurship and innovation. This chapter analyses the development of modes of enterprise that seek to generate benefits beyond consumption and economic returns to the firm. Public good entrepreneurship and innovation can therefore be equated to entrepreneurship, innovation and venture development conducted for the shared benefit of society, or a part of society, and the common good. An important theme in public good entrepreneurship and innovation. is the significance of place with entrepreneurial practices being seen as strongly embedded in the characteristics of locations, including flows, relationships, and identities. This theme also reinforces the importance of some of the institutional factors for business and innovation that were identified in regional and sectoral innovation systems. A relationship to place is also significant in community and social entrepreneurship and the so-called ‘third sector’ of non-profit organisations and NGOs. The chapter also notes that entrepreneurship and innovation can be a collective experience while place-based entrepreneurship and innovation is also potentially related to destination resilience.
