AbstractInnovation Defined, Importance of Innovation, Factors Contributing to InnovationHistoryEconomyCultureLaws and Rules and Role of Government and InstitutionsDemographicsEducation and UniversitiesIndustry and Market Structures, Industry and Regional ClustersOpportunity Areas for InnovationEntrepreneurshipPersonal CharacteristicsSocial and Cultural FactorsEntrepreneurial TrainingExternal EnvironmentInfrastructureCapital AvailabilityIntrapreneurshipImpact on the Economy