The Emerging Innovation Ecosystems and "Valley of Death": Towards the Combination of Entrepreneurial and Institutional Approaches

This paper provides the discussion regarding the nature, origins and diversity of innovation ecosystems with particular emphasis on the context of the emerging economies and “smart specialisation” paradigm of regional development. Bridging the research economy and commercial economy (“Valley of Death”) remains one of the key concerns of the mature, institutionalised innovation ecosystems. However, many of the emerging innovation ecosystems still...