Social entrepreneurship in emerging innovation economy

Social entrepreneurship has recently attached of academics and practitioners in many fields. The V. Alekperov Fund “Our Future” has made a sustainable contribution in the research in this field. However, neither the term of “social entrepreneurship” nor its conceptual framework has been finally defined in scientific articles and legal literature. The aim of the article is to find out the answers to the following questions: Can only socially-oriented NGOs or other business be identified as social entrepreneurship entities? Can activity of municipal institutions for providing services on a commercial basis be referred to a social entrepreneurship? To conclude, conceptual definitions of the fundamentals of social entrepreneurship can make the basis for theoretical research and implementation of practical help in building of socially-oriented businesses