Innovation, the process, or the result, of introducing new ideas, methods, or products that bring about a positive transformation in society, the economy, or the environment involves new ways of thinking or doing. The key to innovation is to identify and solve “impact problems” in new and creative ways that lead to greater efficiency, effectiveness, and value.
Engineering the innovation ecosystem involves creating an environment that fosters creativity, nurtures collaboration, and rewards risk-taking.
New ideas can flourish and be translated into real-world applications within an environment that recognizes a multi-faceted approach that encompasses various aspects of the ecosystem, including a culture of curiosity, education that favors impact over impact factor, patient funding, policies that safeguard the sanctity of ideas, and a supportive infrastructure.
