Tehran(Bazaar): Elvin Turner, author, "Be Less Zombie: How great companies create dynamic innovation, fearless leaders and passionate people" (Finalist, Business Book Awards 2021), Associate Professor of Innovation & Entrepreneurship and Innovation & strategy consultant, coach and associate professor in an interview with Bazaar News Agency said: Government financial incentive schemes are one of strategies for support the innovation ecosystem.
Following is the full text of the interview:
Bazaar: In your opinion, what effect do startups have on the economic improvement of countries?
Turner: Startups help determine the future prosperity of a nation in multiple dimensions, contribution to GDP, employment, healthcare and the development of intellectual property to name a few. Last year in India alone, 470,000 jobs were created by startups.
Bazaar: What strategies must governments do to support the innovation ecosystem?
Turner: Strategies for developing a healthy innovation ecosystem are well known to include developing an appropriate regulatory environment; private-public collaboration, grassroots schemes that allow citizens from all economic backgrounds to get started with a new idea; access to experienced mentors; and government financial incentive schemes.
Bazaar: What questions must be answered in this area?
Turner : However, this should all be done in the context of a bigger question” Who do we want to become as a nation?” What will be the future pillars of national prosperity? Are there areas of regional or global leadership that we want to pioneer? Therefore, what dependencies must we invest in today? What local, regional and global trends are emerging that could assist our national trajectory or threaten it, and how should we respond through the startup ecosystem that we want to develop?
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