Prof. Piero Formica

Senior Research Fellow

Piero Formica


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.

In 2017, Professor Formica received the Innovation Luminary Award 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), and Grand Transformation towards an Entrepreneurial Economy: Exploring the Void (Emerald Group Publishing, 2015). Cities Striving Towards an Era of Renaissance and Revival is the forthcoming (April 2017) book of which Piero is the editor.


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