of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … accumulation, investment, and upgrading of knowledge and (ii) the implementation of mechanisms that enable knowledge to be … exploited such that growth and societal prosperity are encouraged. Knowledge is a necessary but far from sufficient condition …

of invention, innovation (commercialization) and imitation. We show why there is a rationale for the Schumpeterian … entrepreneur to also include the inventor in the innovation process. In addition, we provide a framework where the theories of … possibilities of successful commercialization since the inventor may further adapt the innovation to customer needs, transmit …

deemed to be of particular importance for entrepreneurship, innovation-based firm growth and its ensuing impact on the …, who are renowned specialists in the area and with deep knowledge of the pertinent institutions in Sweden and the US. These …