This research examines nascent entrepreneurs’ perceptions about the innovativeness of the opportunities they have recognized. Results from a survey of 324 nascent entrepreneurs in Taiwan indicate that one's level of prior industry experience, orientation toward risk, and access to information in the environment are each associated with perceived innovativeness of the opportunity. An examination of interaction effects shows that when prior industry experience is low, risk taking propensity boosts the level of perceived innovativeness, but does not have an effect in the case of high industry experience. The findings suggest that cognitive elements and information access can play a role in the identification and pursuit of innovative opportunities.

Theoretical concepts related to entrepreneurial ecosystems are currently in the initial stages of development and components of university-based entrepreneurial ecosystems (U-BEEs) are yet to be clarified or defined. This study identifies elements of U-BEEs and employs an analytic hierarchy process (AHP) to analyze university-based venture development organizations (VDOs) as research subjects. This study extracted six elements: namely policy, finance, culture, support, human capital, and market, comprising 31 evaluation indicators. The results of this study indicated that “market” was considered the most crucial of the six elements in Taiwan. Finally, this paper provides theoretical and practical implications based on the aforementioned findings.

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