EU's Open Innovation Ecosystem:Theory,Policy and Inspiration
Open innovation refers to the improvement in performance by using innovative resources from both inside and outside enterprises.In practice,open innovation is evolving into an innovation ecosystem with dynamic and networking multilateral collaboration.The fundamental premise of establishing an open innovation ecosystem lies in the openness of the innovation process to all innovation actors,to facilitate the conversion of innovative ideas into products and services and thereby create new markets.Constructing an open innovation ecosystem necessitates not only promoting the flow and circulation of innovative ideas and knowledge from the supply side,but also ensuring that science,research and development(R&D)as well as innovation align with user needs on the demand side.This alignment aids in transforming research outcomes and scientific discoveries into resources available to society and realizing their economic value.In order to establish an open innovation ecosystem,the EU has established innovation principles at the policy support level to ensure that relevant legislation fosters optimal conditions for innovation and development.At the financing level,efforts are made to optimize the supervision environment for innovation and improve the innovation funding system and venture capital investment mechanisms.Additionally,a classified support system for the open innovation ecosystem is established to integrate various support services.The open innovation ecosystem has yielded remarkable outcomes in driving economic growth and employment in the EU,enhancing the international competitiveness of European enterprises,as well as developing R&D and innovation potential of the EU,which help the bloc to achieve green and digital transformation goals.
open innovationecosystemtechno-economic paradigminnovation principleinnovation fi-nancing
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