Triple helix as model for driving innovation in emerging economies - what it takes

Abstract

Innovation is at the centre of economic development. However innovation tends to be the domain of more developed countries as they have the models to drive innovations. One model that has good potential to be applied in both developed and developing country contexts is the triple helix model of innovation. This model seeks to create more deliberate linkage between universities (knowledge producer), industry (key for innovations commercialisation) and government (key to creating environment and public goods needed to drive knowledge or innovation). However, producing a dynamic triple helix partnership is problematic. To better understand what makes a triple helix partnership work we explore some successful partnerships to get insights on what it takes. Key lessons emerging are the need to build trust and a shared vision. This requires creating strong consensus spaces where key actors can interact (formally and informally). Leadership is also crucial and in this regards leadership can come from any of the partners.