The paper summarizes the findings obtained during the first year of the Venture Fun project, carried out in an EU Network of Excellence PRIME and funded from the Sixth Framework Programme. The paper defines the central concepts of the project, identifies questions for further elaboration and...

This paper argues that in the context of the knowledge economy the coevolution of S&T and Innovation is crucial for developing countries. Two features limit such coevolution in this type of countries: (i) the conditions for generating variation, selection and retention (VSR) processes in both...