Strategically engaging with innovation ecosystems / Philip Budden, Fiona Murray.

[First edition].

[Place of publication not identified] : MIT Sloan Management Review, 2022.

1 online resource (9 pages)

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Companies aiming to accelerate their innovation efforts can find opportunities by connecting to regional clusters of startups, researchers, and investors. The key to success is to have a well-considered strategy for engagement that is clear on what the business hopes to gain and what the business can contribute. Leaders must understand the needs and interests of the different stakeholders in the ecosystem and make a long-term commitment to building relationships with them.

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September 28, 2022