Meaning ● Strategic Innovation Ecosystems, within the context of Small and Medium-sized Businesses, refers to a collaborative network formed to accelerate SMB growth, integrate automation technologies, and enhance implementation strategies. Businesses may leverage these ecosystems to share resources, knowledge, and risks, fostering new product development and process innovation. Such ecosystems are designed to spur competitive advantages for SMBs by linking them with complementary firms, research institutions, and government agencies.
