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In recent years we have been able to see the growing importance of knowledge in the context of the emerging knowledge-based global economy (Miotti & Sachwald, 2003; Carmeli, Gelbard, & Reiter-Palmon, 2013; Prokop & Stejskal, 2015). Tödtling and Trippl (2005) suggest that there is widespread agreement in academic literature that knowledge, learning, and innovation are key to economic development and the competitiveness of enterprises or regions (and nations). Generating innovation has come to be seen as a productive topic in economics and has also has been becoming increasingly related to enterprise’s ability to absorb external information, knowledge, and technologies (Negassi, 2004; Lichtenthaler, 2011). It is commonly accepted that (i) innovations are brought forward through an interactive process of knowledge generation, diffusion, and application;(ii) innovations are increasingly seen as fundamental to the competitiveness of enterprises and economies; and (iii) knowledge is critical to the process of innovation (Tether & Tajar, 2008; Tödtling, Lehner, & Kaufmann, 2009). Tomlinson (2010) states that knowledge transfer definitively leads to greater levels of both product and process innovation. Knowledge can be generated internally or acquired externally (what an organization knows determines what it can do) and R&D cooperation is a fundamental ingredient for the division of innovative labor (Fritsch & Lukas, 2001; Stejskal & Hájek, 2015). We can state that entrepreneurship and innovation are fundamental drivers of economic growth, the creation of wealth in an economy, and enterprise’s long-term survival, profitability, and …