Page 52 - April_2024 Broucher.indd
P. 52
Deepika R Gupta
Title: Open Innovation and International Entrepreneurship Ecosystem
Journal: Innovation, Technology and Knowledge Management
The international entrepreneurial ecosystem adopts the roles of nations
or triple helix (university-industry-government) at its central force
in the ecosystem. These build and encourage innovation, especially
open innovation that in turn infuses technology transfer and enhances
absorptive capacity of the firms. This chapter provides a critical review
and expands the understanding of the concepts of open innovation model
and the international entrepreneurial ecosystem leading to community
benefits globally. The international entrepreneurial ecosystem should
interweave itself with every nation’s legal framework to foster open
innovation move beyond geographical boundaries. These two domains interact and integrate with each other
to create products and services for economic growth and development. The chapter looks at the differences,
relationships, and interactions of these concepts. However, these interactions should be viewed with cautious trade-
offs given the growing challenges of pandemics, climate changes, and other grand challenges to the world.
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