To establish link between entrepreneurship and innovation, so much concept are available ( entrepreneurial team, skills, financing to support R&D...). First, in my opinion, 2 key concepts have to be observed :

- entrepreneurial orientation

- perception of risks (GSE and AOE)

Increasingly, innovation in new products/services and the implementation of key processes are becoming vital sources for firm competitive advantage (Rumelt 1984; Liao et al. 2009). For example, research suggests that firms that engage in developing innovative products and services are positioned to compete more successfully through the development of new products and processes, before competitors in first-mover advantage, increasing market share, return on investment (ROI), and overall firm success (Allocca and Kessler 2006; Gudmunson et al. 2003).

However, recent research has disputed these findings and acknowledged that family firms act boldly and exhibit innovative and entrepreneurial tendencies (Naldi et al. 2007; Zahra 2005). Compared to larger firms, there is general acceptance that smaller firms tend to be more flexible and non-bureaucratic and can adopt innovations more quickly (Nooteboom 1994). Thus, new inputs are very important for innovation in small firms, and small and young firms can differentiate themselves by introducing product, process, or market innovations (McGrath 2001).

Dear Marie Gomez Breysse 

Greetings,

Thank you very much for your comment . It is useful fro me .

Best Regards,

Dear Semaoune Khalissa

Greetings,

Many thanks for your contribution and for all explanation . it is very helpful for me.

Best Regards

innovation is the soul of entrepreneurship. It is a course of action undertaken by entrepreneur on the basis of innovative mindset. Schumpeter in his theory of innovation described that entrepreneurship can result when the entrepreneur indulges into any of these innovations: new commodity, the new

technology, the new source of supply, the new type of organization. please consult following papers for more information

http://www.reading.ac.uk/web/FILES/management/427.pdf

https://www.princeton.edu/~tleonard/papers/McCraw.pdf

Dear Jeevan Jyoti ·

Greetings,

Thank you very much for your comment and for your links.

Best Regards

Hello Faris,

In aligning with Jeevan above I will like to point out that innovation is indeed the bedrock of entrepreneurship. The process of developing a new or modifying an existing product to suit consumer taste in itself is innovation. And the act of selling the product/service, getting the market to accept the product especially in the face of competition or alternatives is innovation. So a truly entrepreneurial firm has to be innovative to stay in the game. And it is a continuos process. 

You may want to take a look at:

Hindle, K. (2009). The relationship between innovation and entrepreneurship: easy definition, hard policy. Retrieved from http://kevinhindle.com/publications/J4.2009-AGSE-Hindle-Inn-Ent-Pol.pdf

Hindle and Kevin argues  that innovation is the combination of an inventive process and an entrepreneurial process to create new economic value for defined stakeholders and focuses on the policy implications of this duality. combined with these definetely have positive impact on entrepreneurship and on firm. for detail you can refer this paper 

researchbank.swin.edu.au/vital/access/manager/Repository/swin:11879

good luck

Dear Onyeka Uche Ofili 

Greetings,

Thank you very much for your contribution . In fact it is useful for me.

Best Regards

Dear Dr. Dhani. Shanker Chaubey

Greetings,

Thank you very much for your incarnations , it is very helpful for me , many thanks .

Best Regards

Dear Sir, 

Hope this will help you to find your answer.

With the emergence of globalization, the business environment has become more uncertain and complex. The environment is changing constantly and rapidly as well as the market and customers’ needs (Prajogo & Ahmed, 2006). Organizations are forced to learn new knowledge to develop new products in order to satisfy the new market and customer demographics. Thus organizations pursue innovation in marketing and entrepreneurial activities may attain competitive advantage (Barsh, 2007).

In other words, these two distinct variables are described as organizational-level efficacy and capability in creating innovation to respond to the external environment

and satisfy customer needs.

Dear Naveed Raza

Greetings,

Thank you very much for your valuable contribution , it is very useful for me.

Best Regards

All innovation at company-level is a form of entrepreneurship. Not all forms of entrepreneurship involve innovation. This is a simplified but good answer to begin with. TW

Dear Teun Wolters

Greetings,

Thank you sir for your answer  and for your contribution.

Best Regards

You mingt be interested in the attached papers:

Dear Juha Kettunen 

Greetings,Thank you very much for your contribution. In fact it is very useful for me.

Best Regards 

The attachment is from my article titled as "Entrepreneurship, Innovation and Business Angels".  Some part is not related to your search because I wrote it for Turkish case. But some part you will be find useful. Original text in Turkish but  structured abstract part will be sufficient.

Dear Ahmet Zeki Demir

Greetings,

Thank you very much for your attached file . In fact it is very useful fur me.

Best Regards

Sure there is: see the enclosed articles. Regards, MV

Dear M. Vivarelli 

Greetings,

Thank you very much for your attached files , it is very useful for me .

Best Regards

There's definitely a relationship. This is cristal clear when we analyse the relationship between entrepreneurial orientation (EO) and firm performance. This relationship has been studied in many context and in the majority of the cases is has result to be significant. Now, why this is important to your question? Well, EO has as one of its dimensions innovativeness. I'm sure those concepts are linked in many other ways. Hope that helps.

Dear Piero Caceres Diaz 

Greetings,

Thank you very much for your valuable contribution. In fact it is very useful for me.

Best Regards

here is an interesting meta study on this topic.

Best,,

Jan

Dear Jan Hohberger

Greetings,

Thank you very much for your contribution 

Best Regards

A preliminary work on the significant role of entrepreneurship in economic growth was introduced by Schumpeter (1942). He contended that innovative entrepreneurs are described as “agents of creative destruction” who destroy the value of existing market by creating new market with new products, services, and technological innovations that offer higher rate of return than what other existed firms able to offer. In addition, Schumpeter (1942) argued that existed firms are well positioned and profitable in the core market, and without the continuous improvement of their products and services against innovative entrepreneurs they would lose their market leadership and eventually exit the market. Contrary to previous studies, Schumpeter concluded that creative destruction is the ultimate source of economic growth.

Whilst Schumpeter (1942) identified entrepreneur-centric “Mark I” model as the principal dimension of economic development, he has taken a different perspective by the new appearance of large corporations with devoted R&D laboratories. Schumpeter’s (1942) “Mark II” model showed that innovation has been taking place in big corporations who adopt new technological development and due to the economies of scale in R&D new entrepreneurs would no longer be able to compete with large corporations for market leadership. To this end, Schumpeter’s “Mark II” model has been widely recognized in the literature as the Schumpeterian view of entrepreneur rather than the entrepreneur-centric “Mark I” model in explaining economic development.

Crucial realtionship: see the attached papers; best regards, MV

Thank you very much for your  efforts ,Best Regards