1945

Seychelles’ framework conditions for innovation

image of Seychelles’ framework conditions for innovation

Framework conditions for innovation shape and influence the innovation ecosystem in a country. They do so by enabling individuals, businesses, and organizations to innovate. Certain conditions and policy efforts can encourage and support innovation, fostering economic growth, competitiveness, and societal progress. Other key elements of framework conditions for innovation include regulations and standards, funding and infrastructure for research and development, digital and logistics infrastructures, an actively managed innovation ecosystem, a skilled and educated workforce, trade openness, a positive entrepreneurial culture and risk-taking attitudes, and active international collaborations in STI, among others. Finally, policymakers must embrace a sciencebased approach to sustainable development challenges as an unavoidable framework condition for innovation.

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