The entrepreneurial journey of venture creation: reshaping process and space

  • Tõnis Mets University of Tartu, Estonia
  • Julia Trabskaja University of Tartu
  • Mervi Raudsaar University of Tartu



The author develops further technology-based entrepreneurial journey and process concepts and models as well as defining the space of opportunity development between of the edges: Discovery & Exploitation, Arbitrage & Innovation and Existing & Created Opportunities. For that, new stage model of the entrepreneurial process will be introduced in the next section followed by a description of the entrepreneurial journey based on that. From the analysis of objectivist and constructivist approaches to opportunities, the ways are deduced how entrepreneurs learn to apply and develop entrepreneurial opportunities. As a result, the framework of the HTSF entrepreneurial journey is presented.

The main value of the paper is the development further entrepreneurial journey, the entrepreneurial process and entrepreneurial opportunity (corridor) concepts for technology entrepreneurship (HTSFs) and suggestion a framework for further empirical validation. 


Keywords: entrepreneurship; entrepreneurial process; high-tech ventures; new venture creation; technology entrepreneurship


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Biografía del autor/a

Tõnis Mets, University of Tartu, Estonia
Professor of Entrepreneurship, School of Economics and Business Administration
Julia Trabskaja, University of Tartu
Research Fellow of Entrepreneurship, PhD student, School of Economics and Business Administration
Mervi Raudsaar, University of Tartu
Associate Professor of Entrepreneurship, School of Economics and Business Administration


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Cómo citar
Mets, T., Trabskaja, J., & Raudsaar, M. (2019). The entrepreneurial journey of venture creation: reshaping process and space. Revista De Estudios Empresariales. Segunda Época, (1).