Introduction

Innovation has a central role within the entrepreneurship literature. Certainly, the most prominent scholar in the entrepreneurship literature, Joseph Schumpeter, considered innovation to be the defining feature of entrepreneurship. According to Schumpeter, it is the innovation inherent in entrepreneurship that provides the catalyst for his most prominent and long-lasting idea, creative destruction. Since entrepreneurship is inherently innovative (McCraw, 2007, p. 495):

Schumpeter explained how and why the entrepreneur was essential for innovation (1942, p. 13):

The entrepreneur was the source of not just ideas but also commercializing those ideas (Schumpeter, 1911).

While innovation may have emerged...