Innovative Entrepreneurship and Sustainable Development of Smart Cities

  • Adrian Petre The Bucharest University of Economic Studies, Bucharest, Romania
Keywords: entrepreneurship, innovation, technology, smart cities, R&D


The main objective of this scientific article is to analyze the link between innovative entrepreneurship and the development of smart cities in Romania. In order to fulfill this objective, I studied a part of the specialized literature in the field and I determined, based on statistical data, the current stage of development of innovative and R&D activities carried out by enterprises in our country, as well as the hierarchy of smartest local cities. The main results obtained from the study of the scientific literature showed that between innovative entrepreneurship and the sustainable development of smart cities there is a link of mutual influence. This statement is partially confirmed in the case of Romania, because the results showed that the best performing regions of the country in terms of enterprises carrying out innovation and research and development are the Bucharest-Ilfov and North-West regions, while those more developed smart cities are found in the Central (Alba Iulia) and North-West (Cluj Napoca) regions. On the other hand, the research results highlighted the fact that although in our country there is a tendency to increase the share of innovative enterprises, Romania is one of the last among the Member States of the European Union in terms of companies carrying out innovation / research and development activities. The reality is all the more worrying as our country's potential to improve these indicators is quite low compared to other states. Thus, it becomes imperative that decision-makers in Romania greatly stimulate innovative entrepreneurship, so as to support the development of smart cities, increase competitiveness and reduce the gaps with other European Union Member States. The paper contributes to a clearer understanding of this two-way relationship on the concrete case of Romania and is addressed to the academic, social environment and decision makers.

Author Biography

Adrian Petre, The Bucharest University of Economic Studies, Bucharest, Romania

The Bucharest University of Economic Studies, Bucharest, Romania


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How to Cite
Petre, A. (2020). Innovative Entrepreneurship and Sustainable Development of Smart Cities. LUMEN Proceedings, 14, 579-593.