Nordic innovation system

The Nordic innovation system refers to how Nordic countries (like Sweden, Norway, Denmark, Finland, and Iceland) foster creativity, research, and technological development to drive economic growth. It combines strong collaborations among government, universities, and businesses to support new ideas and innovations. This system emphasizes sustainable development, social welfare, and inclusivity, ensuring innovation benefits society overall. By investing in education, infrastructure, and research, Nordic countries create a supportive environment where innovation can thrive, helping them remain competitive and improve citizens' quality of life.