What is an Innovation Ecosystem ? By

One expects there to be a conceptual analogy between an innovation ecosystem and the biological ecosystems observed in nature. The biological ecosystem is a system that includes all living organisms (biotic factors) in an area as well as its physical environments (abiotic factors) functioning together as a unit. It is characterized by one or more equilibrium states, where a relatively stable set of conditions exist to maintain a population or nutrient exchange at desirable levels. The ecosystem has certain functional characteristics that specifically regulate change or maintain the stability of a desired equilibrium state.