Building A Thriving Innovation Economy
ECOSYSTEM is a dynamic framework consisting of a set of stakeholders - startups, hubs, innovators, entrepreneurs, investors, academic institutions, public institutions, corporations - who interact and engage with each other to seize new opportunities, support innovation and strengthen the overall business environment for entities at different stages, sectors, and geographical locations. INNOVATION HUB is a centre for learning, ideas, co-creation and community that nurtures innovative ideas and market disruption, and supports creative ways of solving problems through offering on-the ground support across the entirety of the start-up lifecycle. Innovation hubs also offer support to other ecosystem members through training, opportunities for joint projects, career development and data resources. INNOVATOR is an individual who creates new ideas, methods or products. Innovators can be found in various environments and industries, and across ecosystem communities.
ENTREPRENEUR is an individual who works to create a business model around specific products or services with the aim of creating value for customers and making profits.
START-UP is a company in its first stages of operation searching for a repeatable and scalable business model.
3 KEY DEFINITIONS KEY DEFINITIONS KEY DEFINITIONS
Made with FlippingBook - Online Brochure Maker