OFFICE FOR ICT INNOVATION & ENTREPRENEURSHIP (OIIE)
In the new economy, innovation has become very crucial for value creation, job creation, wealth creation, economic growth and national competitiveness. All over the world, innovation takes place at the enterprise, state and national level, while leading to new businesses as well as to the increased competitiveness of a nation.
Innovation
Innovation is defined as “the process of translating an idea or invention into a good or service that creates value or for which customers will pay”. It addresses specific needs, be it social, political or economical.
Entrepreneurship
This creative force called innovation is made real to us by its fusion with entrepreneurship, which is defined as the “the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.”