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Current approaches to measuring innovation in higher education (HE) provide a very limited picture about the real scope of the innovation activities of higher education institutions (HEI) as they address only some dimensions of HEI innovativeness, which negatively affects the ability of the HEI to manage its innovative efforts. The purpose of this paper is to present a way forward on how to measure HEI innovation performance that will go further than the usual indices. It describes a five-perspective framework with dedicated, comprehensive metrics for the measurement of HEI innovation performance. To test the concept and the possibility of empirical application two consecutive surveys have been conducted. Survey of innovation performance was conducted in order to collect hard data on HEI innovation performance and 14 persons in charge of completing the innovation performance questionnaire were interviewed in order to better understand the availability and reliability of the requested data.

The entrepreneurial ecosystem is becoming a phenomenon that is increasingly becoming the subject of research by researchers whose field of interest is precisely entrepreneurship. What researchers in the field are encountering is a certain gap in the literature that exists, which arose as a result of interpreting the entrepreneurial ecosystem from different aspects. While certain researchers view the entrepreneurial ecosystem as a context of entrepreneurship, as a regional innovation system or as an entrepreneurial environment, on the other hand the authors view it as an entrepreneurial process that follows high growth or as a business ecosystem. This paper aims to show the impact that the entrepreneurial ecosystem has on the initiation and development of innovations, and therefore on the entrepreneurial process, as one of the most important influences on the growth and development of the economy of each country.

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