Innovation Ecosystem for Entrepreneurship: Case Studies from Western India

Abstract

Future research, clarity of vision, support system and support from stakeholders through information and knowledge exchange leads to innovations. Innovations help entrepreneurs in their success and survival. This paper looks at the current status of innovation systems in two industries of Western India. The basic research framework for study is Cyclic Innovation Model (CIM). The qualitative research methods have been used and two industries from Western India have been studied and compared. The findings reflect that entrepreneurs and stakeholders need a support system in the form of institutions and research centres, with an excellent process for knowledge sharing. The researcher concludes that “innovation ecosystem” is responsible for innovations, which would help in growth and survival of entrepreneurs.

Keywords: Jewellery Industry, Ceramics Industry, Innovation ecosystem, innovation, futures research, Cyclic Innovation Model, cases,

JEL Classification: L26,M13