![Sample our Global Development journals, sign in here to start your access, latest two full volumes FREE to you for 14 days]({"type":"image" , "src" : "/sda/5929/TOC-Subject-Sample-2021-Global-Development.jpg"})
ABSTRACT
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.
Disclosure statement
No potential conflict of interest was reported by the author(s).