In 1996 Swedish Foundation for Small Business Research (FSF) and the Swedish Agency for Economic and Regional Growth (Nutek) instituted the International Award for Entrepreneurship and Small Business Research. In 2008 the Research Institute of Industrial Economics (IFN) joined FSF and Nutek to become the third partner in awarding the Prize.
At the same time the Prize sum was doubled to 100,000 euros, the name of the Prize was changed, and the procedure for nominating and evaluating prospective Award Winners was strengthened.
The partnership of IFN became possible thanks to a generous donation by the Swedish entrepreneur and industrialist Rune Andersson and his holding company Mellby Gård AB.
In 2009 Nutek changed its name to Tillväxtverket, and FSF changed its name to Entreprenörskapsforum. In 2013 Tillväxtverket was replaced by VINNOVA and Melker Schörling joined as donor.
A more detailed description about the Award can be found to the right in the article "The Global Award for Entrepreneurship Research" by Magnus Henrekson and Anders Lundström published in Small Business Economics and in the article "Awarding Entrepreneurship Research: A Presentation of the Global Award" by Pontus Braunerhjelm and Magnus Henrekson published in Entrepreneurhsip Theory and Practice.
Small Business Economics and Springer Publishing have entered into an agreement with the three organizations behind the Global Award for Entrepreneurship Research and will publish the presentation of the Award Winner as well as the prize lecture. A more detailed description about the partnership can be found in the article “In Partnership with The Global Award for Entrepreneurship Research” by Editors-in-Chief Zoltan J. Acs and David B. Audretsch published in Small Business Economics.
A discussion about the evolving domain of entrepreneurship research written by Bo Carlsson, Pontus Braunerhjelm, Maureen McKelvey, Christer Olofsson, Lars Persson and Håkan Ylinenpää can be found in IFN Working Paper No. 948.