This article assesses recent developments in the research and practice of migrant entrepreneurship by examining the powerful contribution that the perspective of ‘mixed embeddedness’ has provided to this field. We identify key themes emerging from mixed embeddedness, particularly in relation to the role of the institutional and market contexts, and highlight areas that could strengthen the perspective, such as (1) the role of regulation, (2) the incorporation of racist exclusion and (3) gendered structures of migration and labour market processes, (4) market ghettoisation and (5) greater sensitivity to historical context. We also consider the extent to which growing interest among practitioners in supporting migrant enterprise has been influenced by developments in the academic domain.