The nature of the industry, or the environment in which the firm operates, can have a significant impact on the internationalisation of the new venture. The impact of industry factors has received limited attention in the context of international entrepreneurship. This chapter builds on extant studies on International New ventures (INVs) operating in different industrial contexts. Particular attention is given to the role of industry influences in the processes of new venture internationalisation, in terms of geographical scope (number of target markets the firm enters), entry strategy (entry mode in foreign markets, e g distributers or subsidiaries) and internationalisation speed (the time span between the legal creation of a firm and its first international sale and the speed of a firm’s continued international growth). The goals of this chapter are the following: First, we present some insights into the industry idiosyncrasies and INVs and present a conceptual framework identifying key industry variables to aid further examination of the role industry factors on new venture internationalisation processes and strategies. Such key influencing factors are (1) knowledge intensity and product 2) industry life cycle, 3) degree of global industry integration [A1] (4) industry network dynamics, (5) business model and 6) local industry cluster internationalisation. Second, we build up propositions how industry affects the internationalisation process of the INVs. In this we provide a platform for further studies in the domain of international entrepreneurship.