Accelerating the Emergence and Development of Innovation Ecosystems through Procurement: A Toolkit

Innovation offers the potential to improve everyday life, grow regional economies and solve societal challenges. Governments, industry and communities around the world are delivering programs that seek to encourage innovation and achieve a better future.

Innovation does not occur in isolation but within a network of various actors, from industry and government to research and private capital, each playing a role to generate new ideas and bring these to commercial reality. The more diverse the network and more collaborative the participants, the more likely it is that innovation will occur.

The World Economic Forum’s Global Future Council on Innovation Ecosystems was created to understand the features of successful innovation ecosystems and the role of various actors in their growth, as well as to contribute new insights to support their acceleration.