Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/240488 
Year of Publication: 
2020
Series/Report no.: 
IFN Working Paper No. 1345
Publisher: 
Research Institute of Industrial Economics (IFN), Stockholm
Abstract: 
We demonstrate how successful entrepreneurship depends on a collaborative innovation bloc (CIB), a system of innovation that evolves spontaneously and within which activity takes place through time. A CIB consists of six pools of economic skills from which people are drawn or recruited to form part of a collaborative team, which is necessary for innovation-based venturing to flourish. The six pools include entrepreneurs, inventors, early- and later-stage financiers, key personnel, and customers. We show how the application of the CIB perspective can help make institutional and evolutionary economics more concrete, relevant, and persuasive, especially regarding institutional prescriptions. Generally, we envision an institutional framework that improves the antifragility of CIBs and the economic system as a whole, thus enabling individual CIBs and the broader economic system to thrive when faced with adversity.
Subjects: 
Institutional economics
Evolutionary economics
Antifragility
Entrepreneurship
Innovation
Institutions
JEL: 
D20
G32
L23
L26
O33
Document Type: 
Working Paper

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