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Innovation ecosystem

in-oh-VAY-shun EE-koh-sis-tum

/ˌɪnəˈveɪʃən ˈiːkoʊˌsɪstəm/

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Syllable breakdown

innovationecosystem

Dictionary meaning

The network of actors — firms, universities, government agencies, investors, and supporting institutions — whose interactions drive the creation and diffusion of new technologies and business models within a region or sector.

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