Our research proposes a conceptual framework for understanding diaspora entrepreneurship and outlines a future research agenda to advance the field. The diaspora entrepreneurship is a unique phenomenon that involves the creation and development of new ventures by members of a diaspora community, who draw on their cultural, social, and economic ties to their homelands to create economic opportunities in their host countries, or vice versa (Moskalu, 2018). We propose a conceptual framework that includes three dimensions of the diaspora entrepreneurial orientation: diaspora networks, diaspora mindset and more specifically its psychological ownership and institutional context (rules, regulations, policies, cultural factors), to bridge the gap between theory, practice, and policy (Elo & al., 2022) by using an international business and entrepreneurship lens to analyze the diaspora entrepreneurship phenomena. The two main scientific contributions of our research are 1) we have proposed a research design on diaspora entrepreneurship for the creation of public value, with an unprecedented intersection articulating different dimensions of the phenomenon of entrepreneurship; and 2) we have designed the future research agenda on diaspora entrepreneurship.