Defining Innovation Capital

Innovation capital is the sum of all resources, processes, knowledge, and capabilities required for achieving successful innovation outcomes. Building both stocks and flows is necessary for sustained growth and value creation. The firm's resources and assets are key components of innovation capital, and it is the ability to integrate and rebuild them that builds innovation capital. One must appreciate what makes innovation dynamic to build a better future. Knowledge is a vital aspect of innovation capital, and innovation can be enhanced if knowledge is strengthened.