The purpose of this research was to investigate the effects of entrepreneurial initiatives, entrepreneurial education, and entrepreneurial culture on enterprise innovation and economic development. The research was driven by the fact that entrepreneurship is a remarkable force which drives the enterprise growth, societal development, and economic development of a nation. The research adopted the social exchange theory and the economic theory as the basis of the literature. Primary data were used, collected from people engaged in entrepreneurship in Russia. The study used quantitative research method, where empirical data were analyzed using Structural equation modelling (SEM). The findings of the study indicated that entrepreneurship initiatives, entrepreneurship education, and entrepreneurship culture have a significant effect on enterprise innovation. However, only entrepreneurship culture was found to have a direct effect on economic development, but entrepreneurial education and initiatives have indirect effects through enterprise innovation. Enterprise innovation was found to have significant effect on economic development. The research recommended that stakeholder should emphasize creating an entrepreneurial culture to encourage enterprise innovation and economic development. The search also advocates for providing entrepreneurs with the resources, support, and incentives to start businesses in addition to adopting policies that enable and facilitate enterprise innovation, both domestically and internationally, to boost their economic development.

The aim of this study was to investigate the entrepreneurial mindset that underlies the behavioral intentions of starting a sustainable business. The research was driven by the factors that are the key drivers of the economy through fostering growth, job creation, technology adoption, and innovation, as well as poverty alleviation. The research adopted a descriptive research design, with the primary data collected from those respondents with at least two years of sustainable business experience. The model comprised entrepreneurial education, innovativeness, and risk-taking as the independent variables, creativity as a mediating variable, and entrepreneurial intention as the dependent variable. The research adopted structural equation modeling to analyze the research objective and verify the hypothesis. The findings indicate that entrepreneurial education, innovativeness, and creativity significantly and positively influence entrepreneurs’ intention to start a sustainable business. Creativity was found to be influenced significantly and positively by entrepreneurial education, risk-taking, innovativeness, and creativity. The research recommends that to enhance the entrepreneurial mindset and the intention to start a sustainable business, the factors that should be enhanced are entrepreneurial education, innovativeness, and creativity. Innovation leads to the development of new products and services in the market; entrepreneurship education equips a person with entrepreneurship fundamentals, while creativity fosters the progress of a sustainable business toward achieving its objectives.

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The authors would like to make the following corrections about the published paper [...]