Abstract
The paper is aimed to provide a deeper understanding of the core components of the local innovation ecosystem in the mining industry, including the role of the main actors related to the development and commercialization of innovation in the sector, such as mining operators, technology suppliers and service providers, research and development institutions, local communities, governments and policymakers. As a result of the study, a set of recommendations is presented which focused on the strategic directions that should be taken into consideration in order to develop an effective and efficient local innovation ecosystem and enhance the level and quality of innovation in the industry.
Highlights
The paper is aimed to provide a deeper understanding of the core components of the local innovation ecosystem in the mining industry, including the role of the main actors related to the development and commercialization of innovation in the sector, such as mining operators, technology suppliers and service providers, research and development institutions, local communities, governments and policymakers
As a result of the study, a set of recommendations is presented which focused on the strategic directions that should be taken into consideration in order to develop an effective and efficient local innovation ecosystem and enhance the level and quality of innovation in the industry
The global knowledge-based economy is driven by innovation, creating favourable environments for innovative businesses has become over the last years one of the top industrial policy priorities in developed countries
Summary
The global knowledge-based economy is driven by innovation, creating favourable environments for innovative businesses has become over the last years one of the top industrial policy priorities in developed countries. The systems approach is used to describe the multifaceted nature of the innovation process at various levels – local, regional, national, and global and explain the interrelationship between the key actors of an innovation network. A local innovation ecosystem can be defined as a place-based community of interacting actors that are involved in the innovation process as well as support innovation-oriented activities, along with the infrastructure and cross-organizational enabling conditions which allow them to develop and adopt solutions to local challenges [1]. This research focuses on defining a theoretical basis for a deeper understanding of the key elements and specific characteristics of the local innovation ecosystem in the mining sector and is intended to identify strategic directions that should be taken into consideration in order to develop a productive innovation ecosystem and enhance the innovation performance in the industry
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