The method of entrepreneurship - and the role of science parks

Entrepreneurs are consistently being called upon as drivers of the modern economy. Sadly, 90% of

all new knowledge intensive entrepreneurs fail. Despite these facts, there is limited guidance

from the entrepreneurship literature as towards how new ventures should be build to overcome

the challenges of new venture formation. In this paper, we argue that entrepreneurship should be

thought of as a method and that a selection of simple processes and techniques can support the

new ventures in their struggle for success. Furthermore, we argue that incubators (e.g. located in

science parks) are well positioned to support entrepreneurs in the process from invention to

business and we provide an example of how our underlying philosophy has been operationalized in

Accelerace – an incubator program located in Symbion Science Park.