“…Van der Duin et al (2007, p. 205) stress the importance played by entrepreneurship within the innovation arena, stating that, "Without entrepreneurship there would be no innovation". In CIM, the entrepreneur occupies the central position and initiates and oversees the activities in the four cycles (Bakker et al, 2010). There are many economic models of innovation (Lundvall, 1992;Kim, 1993, Nelson, 1993Freeman , 1995;Malerba, 2010) that incorporate the role of entrepreneurship at the national and regional level, such as those that explore knowledge spillovers and geographic clusters (for example, Silicon Valley and science parks).…”