Ecosystem Innovation

Ecosystem innovation refers to the process of developing new ideas, products, or services through collaboration among a network of organizations, including businesses, universities, government agencies, and communities. Instead of working in isolation, these entities share resources, expertise, and insights to create solutions that benefit the entire system. This interconnected approach accelerates innovation, promotes sustainable growth, and adapts more effectively to changing needs or challenges. In essence, ecosystem innovation harnesses the collective strength of diverse stakeholders to drive progress that wouldn’t be possible alone.