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One of the implications is this growing recognition that innovation is rarely succeeding in isolation but it is growing on a more highly dependent type of complementary innovation, a collaborative network, working around this new emerging innovation to deliver a more connected, radical experience, requiring innovation ecosystem management.
After a not-so promising start at the beginning of this decade, India has been climbing up the Global Innovation Index ( GII ) rankings in the last couple of years—moving to from 81 in 2015 to 60 in 2017. According to a 2016 Capgemini study , India was the best innovation destination in Asia and the third best in the world.
Big companies are relying on mergers and acquisitions, joint ventures, and licensing, with huge funds set aside to grow and consolidate, for continuous and disruptive innovation. Source: Stanford SocialInnovation Review. Infosys Innovation Fund. Part 1: India.
Foster and Heeks (2015) define it this way: “ Inclusive innovation is the means by which new goods and services are developed for and by marginal groups (the poor, women, the disabled, ethnic minorities, etc).” (Read more about their amazing projects for low-wage markets here.)
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