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Piero Formica


Piero Formica

Professore, Senior Research Fellow, Innovation Value Institute, Maynooth University, Ireland

Professor Piero Formica started his career as an economist at the OECD
Economic Prospects Division in Paris, then moving to academic institutions.
Professor Formica is Founder of the International Entrepreneurship
Academy and was Professor of Economics with a special focus on innovation
and entrepreneurship at the Jönköping International Business School in
Sweden. He is currently a Senior Research Fellow of the Innovational Value Institute at
the Maynooth University in Ireland where he leads an international research team on
experimentation and simulation of high-expectation start-ups. He is Adjunct Professor of
Knowledge Economics, Innovation and Entrepreneurship at the Faculty of
Entrepreneurship, University of Tehran (Iran), and a Guest Professor at the University of
Tartu (Estonia) where he held the Marie Curie Professorship at the Faculty of Economics
and Business Administration.
Professor Formica is a Councilor of the World Certificate Institute, a global certifying body
that grants credential awards to individuals as well as accredits courses of organizations,
and member of the International Advisory Panel of Amrita Center for Responsible
Innovations and Sustainable Enterprises (ARISE), Amrita University, India, the
Entovation Knowledge Management Network, and IKED (the International Organisation
for Knowledge Economy and Enterprise Development).
Professor Formica received several awards and honors that include a Honorary Professor
bestowed by the University of Mar del Plata (Argentina), a Guest Professor at King Saud
University (Saudi Arabia) and at Curtin University of Technology, Curtin Business School
(Perth, WA); a Special International Professor of Knowledge Economics and
Entrepreneurship at Beijing University of Aeronautics and Astronautics (China); an
International Professor of Knowledge Economics and Entrepreneurship at the Higher
Colleges of Technology, United Arab Emirates; a Senior Research Fellow of the Enterprise
Research and Development Centre Business School at the University of Central England
in Birmingham; a Visiting Professor of Knowledge Economics and Entrepreneurship at the
Jean Monnet Faculty of Political Studies (Second University of Naples, Italy); a member
of the Advisory Council of the Institute for Enterprise and Innovation at the University of
Nottingham, and a member of the Board of Governors of the University of Bologna, Italy,
where he held the professorship of Economics of Innovation in the Masters of Business
Law and Technology Management.
Professor Formica received the Innovation Luminary Award 2017 from the Open
Innovation Strategy and Policy Group for his work on modern innovation policy.
Professor Formica serves as board member of Industry & Higher Education; the
International Journal of the Knowledge Economy; the International Journal of Social
Ecology and Sustainable Development; the Journal of Global Entrepreneurship Research;
the South Asian Journal of Management; and Frontiers in Education. He writes for the

digital edition of Harvard Business Review.
Professor Formica has extensively published in the fields of knowledge economics,
entrepreneurship and innovation. His most recent published works include: The
Experimental Nature of New Venture Creation: Capitalizing on Open Innovation 2.0
(Springer, 2013), co-edited with Professor Martin Curley (former VP Intel Co.), Stories of
Innovation for the Millennial Generation: The Lynceus Long View (Palgrave Macmillan,
2013), The Role of Creative Ignorance: Profile of Pathfinders and Path Creators (Palgrave
Macmillan, 2014), Grand Transformation towards an Entrepreneurial Economy: Exploring
the Void (Emerald Group Publishing, 2015), and Entrepreneurial Renaissance: Cities
Striving Towards an Era of Renaissance and Revival (Springer, April 2017).