Academic research on developed countries has scientifically evaluated
the role of entrepreneurship on economic growth, market expansion,
commercializing innovation, and reducing unemployment. In this research,
regions or industries with higher rates of entrepreneurship show higher
levels of innovation and economic growth. The literature on
entrepreneurship and innovation has largely ignored developing
countries, despite the positive results from new venture investments in
India, China, and elsewhere. This volume bridges this gap by bringing
together research by scholars in Germany and India, whose analysis of
entrepreneurship, innovation, and economic development in their
respective countries reveals commonalities. Covering such timely issues
as R&D and labor policies and including case examples from the chemical,
biotech, and IT industries, the authors offer insight into the
entrepreneurial process. The volume concludes with a discussion of the
global implications for entrepreneurship research and policy.