Innovation and Entrepreneurship Research

Innovation and entrepreneurship are important sources for the growth of modern economic systems and the enhancement of the prosperity and quality of life of their citizens. However, they can entail high economic and social costs and may cause major disruptions at the individual and societal level. In the context of digitalization, a number of new ethical questions arise which have an impact on the societal assessment of new technologies, new organizational forms and business models. By designing the framework conditions for innovation and entrepreneurship as well as through immediate interventions (e.g., incentive measures) policymakers are able to influence these processes. Another important field lies in the innovation management of companies which aims at improving the economic efficiency of innovation processes.

A profound scientific understanding of the causal relationships between the determinants and outcomes of innovation and entrepreneurship processes is necessary to successfully carry out such tasks. The department of Innovation and Entrepreneurship Research engages in research to explore and analyze these relationships from an economics perspective and contributes to the innovation discourse with other disciplines in close cooperation with the legal department of the institute.

Research Methods

See Research Methods



Experimental Lab

See econlab

Innovation & Entrepreneurship Seminar

See Innovation & Entrepreneurship Seminar

Doctoral Studies

See Doctoral Studies

Data Access

Access here

Field of Research


Field of Research


Field of Research
Innovation Motives and Behavior


Entrepreneurial activity is a main driver of innovation. Entrepreneurial activities and outcomes depend on a multitude of factors, such as financing opportunities, support of start-ups by governmental measures, taxation, and cultural factors. The research works of the department analyze different types of entrepreneurship as well as the significance of framework conditions and the role of different actors in entrepreneurial processes.

In the past years, particular attention has been given to the analysis of crowdfunding for start-ups. Over the last decade, crowdfunding has become an important mechanism for start-up financing – besides classical financing mechanisms such as business angels and venture capital financing.

Of particular importance is furthermore the analysis of measures aiming at entrepreneurship education. Respective governmental support programs are used in many countries. The research at the department analyses the Youth Start program. Other projects study the effectiveness of accelerators and the emergence of new industries through spin-outs.


Innovation and Entrepreneurship Research

Behavioral Foundations of Search, Matching, Teamwork, and Project Evaluation: Preferences and Constraints in Decision-Making

Timm Opitz

Innovation and Entrepreneurship Research

Creation and Recycling of Entrepreneurial Resources: Empirical Essays on the Importance of Social Processes in Entrepreneurial Ecosystems

Aaron Merlin Defort

Externally funded project
Innovation and Entrepreneurship Research

Identifying and Teaching High-Growth Entrepreneurship: Experimental Evidence From Entrepreneurship Academies for University Students in Uganda

Dr. Vojtech Bartos (LMU), Dr. Kristina Czura (LMU), Michael Kaiser (LMU), Timm Opitz, Brendan Shanks (LMU)

Innovation and Entrepreneurship Research

The Economics of Industrial Automation – Competition, Labor Market Power, and Political Participation

Klaus Keller, M.A.

Further research project
Innovation and Entrepreneurship Research

When Automation Hits Jobs – Entrepreneurship as an Alternative Career Path

Dr. Daehyun Kim,  Dr. Taekyun Kim (Kellogg School of Management, Northwestern University) Prof. Wonjoon Kim (School of Business and Technology Management, KAIST) Prof. Hyejin Youn (Kellogg School of Management, Northwestern University)