What role can entrepreneurship play in a European economy that is more and more open to the rest of the world? The future steps required in developing European entrepreneurship in a dynamic and international context are also analysed and synthesized.

Contents: 1. European Entrepreneurship in the Globalizing Economy: An Introduction Alain Fayolle and Kiril Todorov PART I: MACRO-ECONOMIC FACTORS IN DEVELOPING ENTREPRENEURSHIP 2. Innovative Schumpeterian Entrepreneurship: A Systemic Perspective Hanns Pichler 3. Sustainable Transborder Business Cooperation in the European Regions: The Importance of Social Entrepreneurship Raymond Saner and Lichia Yiu 4. Understanding the Impact of Culture on a Firm’s Entrepreneurial Orientation and Behaviour: A Conceptual Framework Alain Fayolle, Oivier Basso and Véronique Bouchard 5. Probioprise: Engaging Entrepreneurs in Formulating Research and Innovation Policy at the European Level David Watkins 6. The Third Sector in Action: A Cross-border Partnership in the Western Balkans Jovo Ateljevic PART II: MICRO-ECONOMIC FACTORS IN NURTURING HIGH POTENTIAL SMEs 7. Board Network Characteristics and Company Performance in Sweden: The Case of Gnosjö Companies and their Board Members in Southern Sweden Ossi Pesämaa, Johan Klaesson and Antti Haahti 8. Knowledge Creation and Management in an Italian Biotech Startup Massimo Merlino and Stefania Testa 9. The International Product Venturing of a Biotech SME: Knowledge Combination in Upstream and Downstream Networks Daniel Tolstoy 10. Building Competitive Advantage in the Process of Business Growth: The Case of Bulgarian Technology-based SMEs Kiril Todorov and Iliya Kereziev 11. Business Pre-incubator as a Learning Network: A Case Study in the University of Applied Sciences Kaija Arhio and Marja-Liisa Kaakko 12. European Entrepreneurship: Future Steps Alain Fayolle and Kiril Todorov Index