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What does it take to build a successful innovation hub in an emerging economy?
Countries everywhere are trying to build their own "Silicon Valley." What are the essential ingredients for constructing a thriving innovation ecosystem, especially in an emerging market context?
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By Samaira Answered 8 months ago
It's about creating a fertile environment where multiple factors converge. You need skilled talent and entrepreneurs, accessible venture funding, supportive policies and universities, and a dense network connecting all these players. Crucially, you also need a cultural tolerance for risk and failure and real market demand (early adopters, basic infrastructure). No single factor is enough; success comes from integrating all these elements into a self-reinforcing system.
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