Abstract
The recent digital and information-technology revolution has had a major impact on entrepreneurship. Platform-based developments in particular have helped to drastically reduce transaction costs and increase the appearance of new business models. This Schumpeterian type of organizational innovation has given birth to trillion dollar businesses like Apple, Alphabet, Amazon, Microsoft, and Facebook. These platforms and others provide a fertile field for Kirznerian-style digital entrepreneurs. However, digital entrepreneurs require a different environmental context than non-digital ones. Even if a country builds out its digital ecosystem, there is no guarantee it will be implemented by existing firms. In the same vein, if a country builds out its entrepreneurial ecosystem, there is no guarantee that startups will introduce new technologies. For technology to be introduced successfully, the digital ecosystem and the entrepreneurial ecosystem must be developed simultaneously. The digital entrepreneurship ecosystem theory developed by Sussan and Acs (2017) and amended by Song (2019) integrates the entrepreneurship ecosystem and the digital ecosystem concepts.
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