A vibrant innovation ecosystem involves numerous complementary and accretive elements that need to work together in tandem and harmony to be successful.
Having been involved in numerous ecosystems globally – especially in the Silicon Valley and India – I have seen some common themes.
Academia
Usually the bedrock of a lot of innovation activity – think Stanford, Berkeley and CMU West in the Silicon Valley, IITs and IIMs/ISB in India, Harvard and MIT in Boston and you get the picture. A lot of groundbreaking innovation either originates or gets supported directly by these institutions or by graduates from these highly pedigreed colleges. Add to the fact that startups in these proximities can easily hire smart interns from these institutions, and you have a wonderful pool of technology talent literally at your doorstep.
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