Redefining the entrepreneurial discovery process for smarter specialization in Europe

The objective of this paper is to propose a revision of the Entrepreneurial Discovery Process (EDP) as a key driver in the Smart Specialization Strategy (S3) policy framework. To this end, the paper makes three major contributions. First, drawing on recent contributions that redefine entrepreneurshi...

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Bibliographic Details
Published in:	European planning studies Vol. 32; no. 9; pp. 1908 - 1926
Main Author:	Ganzaroli, Andrea
Format:	Journal Article
Language:	English
Published:	Abingdon Routledge 01-09-2024 Taylor & Francis Ltd
Subjects:	Discovery Entrepreneurial discovery process Entrepreneurship eu cohesion policy Experiments Innovations regional innovation policy Relatedness smart specialization Specialization Speciation
Online Access:	Get full text
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Summary:	The objective of this paper is to propose a revision of the Entrepreneurial Discovery Process (EDP) as a key driver in the Smart Specialization Strategy (S3) policy framework. To this end, the paper makes three major contributions. First, drawing on recent contributions that redefine entrepreneurship as a quasi-scientific process based on experimentation, we redefine the role and process of EDP within the S3 policy framework. Second, by referring to the concepts of the adjacent possible and speciation, we revise the scope of the discovery process, overcoming the traditional trade-off between technological relatedness and unrelatedness. Third, we address the implications of these changes in the context of the innovation gap between knowledge-intensive and lagging-behind regions in the EU.
ISSN:	0965-4313 1469-5944
DOI:	10.1080/09654313.2024.2324041