Innovation system

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Network of institutions in the public and private sectors that attempts, via interaction, to initiate, promote and disseminate innovations. It is clear that, as a rule, innovations are produced not by persons working alone but by persons interacting with other stakeholders (such as higher education institutions, non-university research institutions, other companies, customers) and that, consequently, the applicable institutional frameworks can, in general, either promote or brake innovation.


Corresponding term unknown