A Tale of Two Entrepreneurs: Understanding Differences in the Types of Entrepreneurship in the Economy

  • Description

Policymakers and pundits who use entrepreneurship as a "catch-all" phase to capture a single economic activity make an important mistake. There are two distinct types of entrepreneurship with different economic roles, requiring individually tailored policies to support each. This report examines the difference between IDE Entrepreneurship (innovation-driven enterprises) and SME Entrepreneurship (small and medium enterprises) and the type of policies required to support each.