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 startups, large corporations, universities, and government agencies, all contributing to the development and commercialization of innovative products and services. These ecosystems thrive on collaboration, where knowledge and resources are shared to accelerate growth and creativity. By leveraging diverse expertise and perspectives, participants can address complex challenges and drive economic development, ultimately leading to a more dynamic and competitive environment for innovation.