Success factors of innovation ecosystems: A literature review

Abstract

The aim of this paper is to review research on innovation ecosystems to derive success factors supporting the implementation of them. The reviewed studies highlight different factors for the successful implementation of innovation ecosystems which can be assigned to the areas of resources, governance, strategy and leadership, organizational culture, human resources management, people, partners, technology and clustering. Based on the findings a number of future research directions are proposed which may stimulate more research in this new field of study.