Presenting a hybrid model of innovation ecosystem development

Subject Areas :

Mahdis Taghavi ¹ , Farzaneh Bikzadeh Abbasi ^{2 *} , ّFelor Beikzadeh Abbasi ³

1 - PhD Candidate, Department of finance engineering, faculty of management and economics, science and research branch, Islamic Azad University,Tehran,Iran
2 - Department of Business Management , South Tehran Branch, Islamic Azad University,Tehran,Iran
3 - Department of Computer Engineering, UAE Branch, Islamic Azad University, Dubai, United Arab Emirates

Received: 2024-02-14 Accepted : 2024-04-08 Published : 2024-08-21

Keywords: Development of innovation ecosystem, Financial providers, Entrepreneurs, Businesses, Universities, Governments,

Abstract :

This research aims to present a combined model of the stakeholders of the innovation ecosystem and the communication between them. After reviewing relevant articles and texts, five stakeholders were initially identified in this field, which including entrepreneurs, governments, investors, universities, and companies. The proposed model shows the stakeholders of an ecosystem interacting with each other. This model is designed to develop innovation that can result in value creation for internal customers (employees) and external customers of start-up businesses. Then relationship between these stakeholders was determined in terms of financial resources (M) and knowledge (K) resources. Financial resources are transferred from the financial committee to universities, businesses, and entrepreneurs, and from governments to businesses. and knowledge is also transferred from universities to entrepreneurs and governments. Considering that the innovation ecosystem operates as an open system, it is affected by environmental factors such as cultural, economic, and social factors. It is expected that this ecosystem to be able to create value and satisfy the internal (employees) and external customers of this business, and this business can continue its activity for a long time. At this stage of the company's life cycle, the entrepreneur typically hands over the business and moves on to a new idea, and a new innovation ecosystem is formed.

References:

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