Summary of Collaborative Innovation

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Collaborative Innovation summary
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Rating

8

Qualities

  • Innovative

Recommendation

To remain competitive in the globalized economy, European countries must engage in “collaborative innovation,” a process in which start-ups and established companies work together to promote fresh, economy-boosting ideas. This comprehensive report from The World Economic Forum details the benefits of collaborative innovation and explains what governments can do to promote and support it. getAbstract recommends its findings to politicians, entrepreneurs, CEOs and policy-makers interested in European economic growth.

About the Author

The World Economic Forum is an international institution devoted to improving the world through public-private cooperation.

 

Summary

As a vital component of economic growth, innovation often involves the commercialization of novel ideas, including products, services, processes and business models. Economies need innovation to fuel growth. Silicon Valley, long held as the center of disruptive technology, now faces serious competition from cities such as London, New York, Tel Aviv, Berlin, and many more. While Europe has six of the world’s ten most innovative economies, it also has many countries that must drastically improve their “innovation capability.” According to the European Union ...


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