Strategically Engaging With Innovation Ecosystems
Where startups, researchers, and investors cluster, opportunities to accelerate corporate innovation abound.
Competitive pressure to innovate is driving companies to seek new ideas well beyond their own walls. But sponsoring the occasional hackathon or having one-off, uncoordinated interactions with a startup accelerator won’t contribute much to boosting an organization’s innovation capabilities. Many companies are missing an opportunity that’s close to home by overlooking or failing to effectively tap innovation ecosystems in their regions.
These ecosystems occur where innovation and entrepreneurship activity are highly concentrated. As we define ...
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