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During the one hundred years since Joseph A. Schumpeter published his first book, Theorie, in 1911, researchers from all disciplines have been inspired to examine the role and action of the entrepreneur. Henceforth, the entirety of Schumpeter’s works shaped entrepreneurship research. In this Inaugural Issue of Entrepreneurship Research Journal (ERJ) titled, New Perspectives on Entrepreneurship Research, editors Chandra S. Mishra, Office Depot Eminent Scholar Chair at Florida Atlantic University, and Ramona K. Zachary, Academic Director of the Lawrence N. Field Programs and the Peter S. Jonas Distinguished Professor of Entrepreneurship at Baruch College, mark the beginning of a new era and dedicate this issue to Schumpeter’s pivotal and paramount contributions. In the lead article, The Future of Entrepreneurship Research: Calling All Researchers, the editors first offer insights and new perspectives about entrepreneurship research as well as the positioning and role of the ERJ in future entrepreneurship research. Next, a short article exhibiting a revitalized and expanded view of Schumpeter’s original theory of entrepreneurship and his optimism about the survival of capitalism based the entrepreneur’s key role is offered. This issue also advances an editorial by William J. Baumol, the Harold Price Professor of Entrepreneurship and Academic Director of the Berkley Center for Entrepreneurship and Innovation in the Stern School of Business at New York University, that introduces researchers to his new and seminal microtheory of innovative entrepreneurship. This is followed by three competitive research articles encompassing respectively: 1) a new evolutionary perspective of entrepreneurship, 2) the utilization of comprehensive research designs and multi-level data collection methods, and 3) a conceptual reexamination of the dynamic interactions among entrepreneurs, modes of organizing and opportunity.