Innovative entrepreneurship: concept, essence and specifics

The article presents the results of the systematic research of Russian and foreign scientists’ approaches to the definition of the concept "innovative business”. The research also includes the analysis of the scientific and legislatively fixed definitions of such concepts as: "business", "business activity", "businessman", "innovations", "innovative activity". On the basis of the existing approaches it provides a refined definition of the concept of innovative entrepreneurship. The classification of business types is given. The characteristic of difference of innovative business from innovative type of business is given. It describes the specific features of innovative entrepreneurship and its content in today''s economy, characterized by a shift from the concept of "closed" to the concept of "open" innovation.