While developing countries are increasingly focusing on creating conditions which are conducive to fostering a startup ecosystem, the world’s innovation centers such as Silicon Valley, New York City and London already have a sizable concentration of venture capital, highly-skilled professionals and experts on global innovation systems. Leading corporations should constantly be searching for new solutions and recruiting talented minds to implement open innovation platforms. Investors increasingly choose motivated teams with inspiring ideas instead of the perfectly written business plans.
What is the difference between an innovation system and an ecosystem? How do we interact with an ecosystem framework and an ecosystem of innovation? How should corporations, cities and countries overcome difficulties in order to become more innovative?