La innovación, convertir el conocimiento en futuro (Parte 3)

**Title: Expert highlights need for improved innovation ecosystem in Ecuador**

Ecuador possesses significant potential for innovation, but the country must improve the integration between knowledge, private enterprise, the state, and financial systems to capitalize on these opportunities, according to columnist Kurt Freund.

In the third installment of his series, “Innovation: Converting Knowledge into the Future,” Freund argues that the current landscape requires a more cohesive framework. He suggests that for innovation to effectively translate into future development, there must be a stronger connection between academic and technical knowledge and the practical needs of the business sector.

Freund emphasizes that the state plays a critical role in facilitating this ecosystem, particularly through the provision of necessary infrastructure and financial support. The analysis suggests that without a strategic alignment of these four pillars—knowledge, industry, government, and finance—Ecuador’s capacity to innovate will remain underutilized.

Article source: elcomercio.com | Image credit: El Comercio