ERMIS Policy Recommendations : First Part
DIVERSITY
The Human factor (talent)
Financial resources
UNIVERSITIES (R&D)
Focal point: INNOVATION
DEMAND OF INNOVATION FIRMS (R&D)
the Knowledge factor (creativity) MATURITY
G NE LOBA TW L OR KS
REGIONAL GOVERNMENT (regional agencies and regional agenda)
PL GL AT OB FO AL RM S
Figure 1 - ERMIS representation of an innovation ecosystem
Box 2 - The ERMIS ecosystem of innovation In the literature, “innovation ecosystems” have been recognized to include at least three complex patterns of interaction: - the “economic dynamics of the complex relationships that are formed between actors or entities whose functional goal is to enable technology development and 5; innovation” - the “self regulating systems of interacting elements such as start-ups, incumbent firms, universities, financing institutions, specialised services and talented people […[ this presupposes cross-functional cooperation between all partners and 6 stakeholders” - a way to analyse and describe “the dynamics of value creation and their implications for value capture to the structure on interdependence in a firm’s ecosystem […[ to distinguish among the different roles played by various actors in 7 the firm’s environment” . The innovation ecosystem notion is steadily growing in importance to explain the (lack of) success of regional and local/urban systems of innovation. One of the best illustrated cases in the world is actually the ecosystem of Eindhoven, a partner in the ERMIS project.
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See Deborah J. Jackson , What is an Innovation Ecosystem? See A. Hautamaki, Innovation ecosystem in city policy: the case of Helsinki 7 See R. Adner, R. Kapoor, Value creation in innovation ecosystems 6
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