Handbook of innovation indicators and measurement

ABSTRACT

In a knowledge‑based economy, innovation takes a central stage. The knowledge economy nurtures the innovation frameworks across the board while encouraging the development of the innovation ecosystem in the country by establishing an array of the innovation clusters, national systems of innovation, and sectoral systems of innovation across the states. The ecosystem is put in place with special concessions are given to the actors in an innovation system, such as the start‑ups, entrepreneurs, and intrapreneurs in terms of extending the ease of doing business. The appropriate measurement of national innovation systems is essential for the public policymaking, encouraging start‑ups, entrepreneurs, and intrapreneurs in setting up more innovative solutions to the people’s problems, and measuring growth and development in the country.

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