Innovative entrepreneurship among female entrepreneurs is vital for sustainable economic growth and societal evolution, yet most of the research on innovation in entrepreneurship focuses on high-tech industries which are primarily dominated by heterogenous male-led top management teams. The primary purpose of this paper is to augment the existing literature by exploring how gender differences in the structure of new venture teams influences venture-level innovation through research and development. Our results submit that all-female top management teams and teams with females in general management positions are less likely to be focused on innovative activities, but that teams with females in technical or research positions within the top management team structure are more likely to be focused on innovative activities. Additionally, we investigate the relationships between top management team members to show that all-female teams focused on innovation tend to have more diverse ownership and closer relationships across team members. We apply the lens of upper echelons theory to conjecture that how female entrepreneurs structure their new ventures teams at the onset of venture creation has far-reaching and long-term impacts on innovation throughout the lifecycle of the venture.
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