An Entrepreneurial Development Approach to Encouraging Innovation-Based Economic Recovery

Abstract

Post crisis economic recovery demands innovative approaches, one of which is the development of entrepreneurship based on innovation. This approach focuses on building ecosystems that support dynamic entrepreneurship capable of driving long-term economic growth. This literature-based study aims to examine how innovation driven entrepreneurial development can accelerate economic recovery by creating added value, technological efficiency, and new employment opportunities. By analyzing various recent international journals, this study identifies effective strategies such as business incubation, access to innovative financing, and triple helix collaboration. The findings reveal that innovation driven by entrepreneurship is not only capable of mitigating the impacts of economic crises but also facilitates the transition toward a digital and green economy. This research provides a conceptual framework and policy implications that can be applied broadly to strengthen economic resilience through innovation. The integration of entrepreneurship, innovation, and institutional collaboration emerges as a key component in transforming economies to be more adaptive, inclusive, and future oriented in the face of global challenges.