In literature, it is increasingly recognized that entrepreneurial small firms make an important contribution to the realization of innovations and to technological change and a country’s innovativeness (e.g. Audretsch and Thurik, 2000; Acs and Varga, 2005; Dolfsma and Van der Panne, 2006). Innovative entrepreneurship starts with nascents that intend to introduce or realize a new business idea. Research on nascent entrepreneurship tends to focus either on explaining why some people are involved in nascent entrepreneurship and others are not, or on why some nascent entrepreneurs make the transition into business and why others do not (Johnson et al., 2006). However, there are hardly any studies that link nascent entrepreneurship to macro-economic outcomes (an exception is a study by Wennekers et al. (2005) that investigates the relationship between nascent entrepreneurship and the level of economic development). In the present study we intend to contribute to the empirical literature on entrepreneurship and macro-economic outcomes by investigating whether ambitions regarding innovativeness amongst nascent entrepreneurs make a significant contribution to national levels of innovation.