At last count, there were nearly 59 technology regions around the world that include the “Silicon” moniker including "Silicon Alley" in New York City, "Silicon Alps" in Austria, and "Silicon Wadi" in Israel. It is absolutely the greatest brand name that any tech region can have in the world. Undoubtedly this is a testimony to the decades of continuous innovation and prolonged success of the original "Silicon Valley" in California, home of such renowned companies as Intel, Apple, Facebook and Twitter to name a few.
In seeking a better understanding of the Silicon Valley’s economy, I have concluded that an effective framework is that of an ecosystem. The ecosystem model helps define and describe how various elements in a region interact to generate economic vitality through innovation while ensuring its survival. An innovation ecosystem is a dynamic adaptive organism which creates, consumes, and transforms knowledge and ideas into innovative products via the continuous formation of new businesses in a complex matrix of relationships among key elements.
To read the full, original article click on this link: Is Silicon Valley’s Ecology of Innovation Sustainable? | Catholic Business Journal
