Learning Objectives:
This video explains (14 minutes) the concept of innovation and the importance of innovation ecosystems, providing notable examples. It also highlights the key aspects of innovation ecosystems and analyses why they are essential, such as for realising the value at the systemic level. In addition, it examines when these ecosystems are critical to foster growth and cooperation.
The video (58:19 minutes) aims to cover topics such as building an innovation strategy and the innovation process, while also examining the benefits of innovation ecosystems. Additionally, it analyzes lessons from the most effective innovation ecosystems around the world and explores the importance of diversity within these ecosystems.
The following article will explore what an innovation ecosystem is and its fundamental characteristics, how to map it, and the differences between open and closed ecosystems. It will also discuss their significance and benefits, provide examples of innovation ecosystem policies from around the world, outline the challenges of operating within such ecosystems and how to overcome them, identify the key elements that make a strong innovation ecosystem, and offer guidance on how to build an effective innovation ecosystem.
How to Build a Thriving Innovation Ecosystem – The Big Bang Partnership
The following article refers to the five principles that combine to help create a successful innovation ecosystem.
The 5 Principles for Creating an Innovation Ecosystem – Innov8rs
The article highlights the steps necessary to create an ecosystem, such as defining the ecosystem strategy, designing the ecosystem business model and establishing the ecosystem operating model.
3 keys to creating innovation ecosystems
Now, you are invited to take the following quiz to help you assess your understanding of the issues dealt with, in this session. It includes 9 questions. Correct answers appear per question and the overall score upon completion.
Activities
Here is a case study about NEARVET digital hub. You can see it here: