Innovation in the New ICT Ecosystem

Martin Fransman

Research output: Contribution to journalArticlepeer-review

Abstract

The widespread adoption of the Internet has transformed the ICT Sector, giving birth to what has been referred to as the New ICT Ecosystem. But how does this ecosystem work and what changes it over time? These questions are explored in this paper, using some of the insights of Schumpeterian evolutionary economics.
To summarise, it is shown that innovation, the endogenous creation of new knowledge in the ecosystem, emerges from six key symbiotic relationships. These relationships are shaped both by competition and by institutions which include financial institutions, regulation and competition law, standardisation and universities. It is these processes of innovation that make the New ICT Ecosystem the restless, incessantly changing system that it is. This paper comes from the author's forthcoming book, The New ICT Ecosystem: Implications for Europe.
Original languageEnglish
Pages (from-to)89-110
Journal Communications and Strategies
Volume68
Publication statusPublished - 31 Dec 2007

Keywords

  • ICT
  • Ecosystem
  • Innovation
  • Evolution
  • European competitiveness

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