Innovation Ecosystem
An innovation ecosystem refers to a network of interconnected organizations, individuals, and resources that work together to foster new ideas and technologies. This ecosystem includes various stakeholders such as startups, large corporations, universities, and government agencies, all contributing to the development and commercialization of innovative products and services.
Within this ecosystem, collaboration and knowledge sharing are essential. Incubators and accelerators often play a crucial role by providing support and resources to emerging companies. By leveraging diverse expertise and funding sources, the innovation ecosystem helps drive economic growth and address societal challenges through creative solutions.