Leveraging Entrepreneurship for Innovation in a Developing Economy

There are diverse perspectives on what entrepreneurship and innovation comprises, also the ideological relationship connecting them, some are which are economically determined, there are developed core principles that transcend the natural view taken by investors, and the scholars on the other hand and which are viewed as representing the moral consensus of the business stakeholders. There arc also studies that confirm the relationship between innovation and entrepreneurship; therefore every developing economy, Nigeria included should embrace entrepreneurial spirit. Although some developing countries have developed and adopted the Small and Micro enterprise bill that focuses on entrepreneurship, this paper intends to bring to the fore the need to strengthen the capacity to enforce creativity, invention, innovation and business incubation.