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AEGIS - Advancing knowledge-intensive entrepreneurship and innovation for growth and social well-being in Europe


The proposed research project will study the interactions between knowledge, economic growth and social well-being in Europe. It focuses on knowledge-intensive entrepreneurship as a necessary mechanism and an agent of change mediating between the creation of knowledge and its transformation into economic activity.

Knowledge-intensive entrepreneurship is perceived here in as a core interface between two interdependent systems: the knowledge generation and diffusion system, on the one hand, and the productive system, on the other. Both systems shape and are shaped by the broader social context - including customs, culture, and institutions - thus also pointing at the linkage of entrepreneurship to that context.

The project has three main objectives (research thrusts). At the micro-level, it purports to study in depth the very act of knowledge-intensive entrepreneurship, its defining characteristics, boundaries, scope and incentives.

At the macro-level, it will study the link between knowledge entrepreneurship, economic growth and social well-being, also extending to the socio-economic processes that help transform the “animal spirits” (John Maynard Keynes) into a self-reinforcing process for broader societal prosperity.

The way the broader socio-economic environment stokes “animal spirits” and benefits from them will be studied within the contexts of various shades of capitalism in Europe and elsewhere, expanding beyond the growth accounting and endogenous growth approaches and issues to novel concepts of knowledge-intensive entrepreneurship in growth and, further, into the underlying issues of social well-being such as inclusion, cohesion, equity, opportunities, and social care.

Finally, at the policy level, the project will take a systemic approach aiming at an organic integration of diverse sets of policies that influence the creation and growth of innovative entrepreneurial ventures based on knowledge generation and diffusion.

Proposal: 225134
Funding scheme: Large scale project
Activity: Activity 1 - Growth, employment and competitiveness in a knowledge society
Research area: Changing role of knowledge throughout the economy
Topic: Interactions between knowledge, economic growth and social well-being
Estimated EC contribution: €3 300 000
Starting date: 01.01.2009
Duration: 45 months
Title:Advancing knowledge-intensive entrepreneurship and innovation for growth and social well-being in Europe
Acronym: AEGIS
Keywords: -
Web site:
Coordinator: PLANET S.A.
Research & Innovation Unit
EL – Athens
Partners' List:
  • Università Commerciale
    Luigi Bocconi
    Franco MALERBA
    IT – Milano
  • National Technical University of Athens
    School of Chemical Engineering, Laboratory
    of Industrial and Energy Economics
    EL – Athens
  • Institute for Management of Innovation and
    Maureen MCKELVEY
    SE – Gothenburg
  • Max Planck Society for the Advancement of Science
    Evolutionary Economics Group
    Ulrich WITT
    DE – Munich
  • Lunds Universitet
    Charles EDQUIST
    SE – Lund
  • Universiteit Utrecht
    Urban and Regional Research Centre
    Koen FRENKEN
    NL – Utrecht
  • Technische Universität Dortmund
    Faculty of Economics and Social Sciences
    DE – Dortmund
  • Université de Strasbourg
    Bureau d’Économie Théorique et Appliquée
    Patrick LLERENA
    FR – Strasbourg
  • University College London
    School of Slavonic and East European Studies
    UK – London
  • Unidade de Estudos sobre Complexidade e Economia
    PT – Lisboa
  • Aalborg University
    Department of Business Studies
    Bent DALUM
    DK – Aalborg
  • Technische Universiteit
    NL – Eindhoven
  • University of Sussex
    Science and Technology Policy Research (SPRU)
    William Edward STEINMUELLER
    UK – Brighton
  • Institute of Economics – Hungarian Academy of
    Sciences Institute of Economics
    Attila HAVAS
    HU – Budapest
  • Centrum ekonomickych studii Vysoke skoly ekonomie a managementu
    Centre for Economic Studies
    CZ – Usti nad Labem
  • National Competitiveness Council
    CR – Zagreb
  • Finance Academy under the Government of
    the Russian Federation
    Department of Economic Theory
    Andrei YUDANOV
    RU – Moscow
  • Zhejiang University
    School of Management
    Xiaobo WU
    CN – Hangzhou
  • Centre for Development Studies
    Sunil MANI
    IN – Trivandrum
  • Centre for Social and Economic Research (CASE)
    Sebastien LECLEF
    PL – Warsaw
  • Global Data Collection Company
    Kees-Jan MAES
    NL – Rotterdam
EC Scientific Officer: DG RTD.B
Contact: Marianne PAASI