The ERIM program Entrepreneurship & Innovation will concentrate on processes, such as opportunity recognition and creation, product and service development, exploitation and exploration of commercial activities, and starting and expanding new ventures and firms. The interplay between entrepreneurship, innovation and markets is an essential part of the program and will be analyzed from three perspectives, namely i) innovation (in and by groups of firms), ii) entrepreneurship (in and by groups of firms), and iii) innovation and entrepreneurship in the market (technical change & industry dynamics at sectoral and (inter)national level and their macro-economic effects). Industrial, technological and corporate changes are a double-edged sword for entrepreneurs and managers. On the one hand, the availability of new technologies (ICT, biotechnology, etc.) and new demand and usage patterns, provide ample opportunity for new business, further expansion and a better performance. On the other hand, new entry and ongoing (global) competition, persistent uncertainty caused by quickly changing technical and market development, and higher-order turbulence, threatens the corporate leaders (temporary) safe haven, requiring an adaptive or a creative response. Such response needs to be seen as a set of alternatives, such as the generation of new business ideas, concepts and value propositions; novel products, projects and services; process innovation (better use of technologies, intra-firm learning); co-design and co-development (with customers and partners); the internal and external structuring of entrepreneurial and innovative activities (e.g. intrapreneurship programs, collaboration with (corporate) venture capitalists and incubators, spinning-out trajectories). The ERIM program on Entrepreneurship & Innovation is a way of pooling the existing competence in the area of innovation management and entrepreneurship at RSM Erasmus University and Erasmus School of Economics. Three established research units form the core of the program: the Centre for Advanced Small Business Economics, the Innovation Management Group, and the Centre for Entrepreneurship.The program focuses on the causes and consequences of entrepreneurial and innovative behavior and success within projects and ventures, business units, firms, clusters and markets. Empirical and theoretical research will address issues such as: Identification of present and future key markets, industries and technologies The organization of innovation and entrepreneurial processes in firms. The trade-off between competition (go-it-alone, diversification) and collaboration (networking and clustering), and modes of collaboration between different firms for innovation. Analyzing the relation between entrepreneurship and innovation and the organization of the supply chain or the network/cluster in which both larger and smaller firms operate.