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Innovation in Emerging Economies
Nwagbosoh, Isaac, Management Consultant, Nigeria, Member
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How do we create an enabling environment for innovation, creativity and entrepreneurship in emerging economies? (...) Read more? Sign up for free
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Enabling Environment for Entrepreneurship and Innovation in Developing Countries
R.S. MATHUR, Teacher, India, Member
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Dear Isaac, to establish successful entrepreneurship and innovation an ecosystem needs to be developed. In my opinion the contributing factors are:
1. Motivating government policies,
2. Relevant training at all levels.
3. Societal support and
4. Adequate and timely hand-holding by financial and technical institutions.
Entrepreneurship and innovation are two sides of the same coin. So for both a similar ecosystem is needed.
No fear for failure and the will to experiment are also vital ingredients for the innovation culture.
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