Entrepreneurship and Innovation in the Digitalization Era

Abstract

Digital transformation is not a new phenomenon. Neither is digital entrepreneurship. But during the last decade, these phenomena are taking another dimension with the emergence of new digital-to-disruptive technologies that need to be mastered by individuals, groups, firms, organizations, and governments. Based on key concepts such as digitalization, entrepreneurship, and innovation, this chapter contributes to the literature on digital entrepreneurship and innovation by adopting an ecosystem approach. Then, this chapter provides an overview of the digital entrepreneurship and innovation ecosystem and its main components. Within this new philosophy of digital entrepreneuring, the chapter presents new trendy phenomena as precursors and enablers to boost digital entrepreneurial ventures and certain uncharted territories that need to be explored. At the end, the chapter advances new directions for future research in digital entrepreneurship and innovation. It concludes with the idea of democratization gained for entrepreneurship, innovation, and digitalization in this era.