What Accelerates Innovation?
Innovation accelerators or enablers such as buildings, programs or incentives are not doing enough to accelerate innovation. Defining the problem or opportunity context, describing the benefit of incremental or radical changes, giving innovators a stake in the outcome, encouraging exploration and experimentation, considering the right judges, and creating a critical mass of venture capital are more important factors to consider. These steps can help to identify the right innovation solutions, stimulate innovation culture, and create local innovation ecosystems for startups.
