What does "innovation ecosystems" promote in market growth? 🔊
"Innovation ecosystems" promote market growth by fostering collaborations between different stakeholders, such as startups, established companies, research institutions, and government entities. These ecosystems enable the sharing of knowledge, resources, and expertise, which accelerates the development of new technologies and solutions. By supporting a culture of innovation, these ecosystems can drive economic growth, enhance product offerings, and improve customer experiences. Ultimately, they create an environment conducive to discovering new opportunities and addressing complex challenges in the market.
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