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What is Innovation Ecosystem

Innovation and Resource Management Strategies for Startups Development
It is a system comprised of an interconnected network of firms and other actors that have relationship capabilities revolving around technologies, skills, and knowledge in an effort to competitively and cooperatively create new products and services for consumers.
Published in Chapter:

Innovation Ecosystem in Higher Education Towards Sustainable Development

Mufaro Dzingirai (Midlands State University, Zimbabwe), Tatenda Leeroy Murombedzi (Midlands State University, Zimbabwe), and Anesu Ndoro (Midlands State University, Zimbabwe)
Copyright: © 2024 | Pages: 22
DOI: 10.4018/979-8-3693-2077-8.ch003

Abstract

The innovation ecosystem in higher education has attracted much public and scholarly attention. In this sense, universities are now demanded to be part of the innovation ecosystems as they commercialize their outcomes of research, create knowledge-based enterprises, and converge with the captains of industry and commerce. Unfortunately, the innovation ecosystem in higher education towards sustainable development in Africa is under-researched. Hence, this chapter aims to establish the benefits of innovation ecosystems in higher education towards sustainable development focused on Africa. The results from the thematic analysis showed various benefits of innovation ecosystems in higher education towards sustainable development in general and more specifically for Africa, namely encouraging interdisciplinary collaboration, enhancing research and development, producing enterprising graduates, inculcating entrepreneurial culture, promoting economic growth, and enhancing the reputation of the institution.
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