Glossary:  Innovation

 

  

 
   

Innovation Cluster

Leveraging shared resources to foster innovation

 

  

 
 

An Innovation Cluster is a geographical area where interconnected businesses, researchers, and institutions collaborate to foster innovation and development, particularly in technology.

Innovation Clusters enable companies to pursue open-innovation opportunities and leverage shared resources, skills, and networks to launch and scale products effectively.

  

 
 

Maximizing Opportunities for Cooperation

Innovation Clusters are designed to maximize opportunities for cooperation and commercialization, making them vital hubs for economic growth and technological advancement.

  

Innompic Ecosystem

Holistic Innovation

Harmonious Innovation

  

 
   

Best Practices in Innovation Clusters

 

  

 
 

Best practices in innovation clusters include establishing strong collaboration among diverse stakeholders, such as businesses, research institutions, science and technology parks, business incubators, accelerators, and government entities.

Effective communication and regular networking events help foster relationships and knowledge sharing.

  

 
 

It's also crucial to have a clear vision and strategy for the cluster, focusing on specific industries or technologies that can drive innovation. Moreover, securing funding and resources to support cluster activities and encouraging talent development through training and educational programs are vital for long-term success.

  

Innovation System

Synergy Innovation

Proactive Futuring

Ask Learning SWOT Questions