Major MNCs leading the development of the 21st century have been highly influenced by entrepreneurship of the innovation precursors and the foundation of supporting environment. The global innovation clusters, such as Silicon Valley, are well equipped with such environment. The plenary session 3 plans to meet the interest of many countries that aspire to foster new technology and economic growth, and provide a discussion about the future-oriented innovation plans by reviewing the stories of success and trial and error. Furthermore, with the purpose of establishing the innovation ecosystem, the session will conduct a discussion about the capacity building that attracts innovative intellectuals to the industrial field, development of entrepreneurship, the means of support, and the plans to promote cooperation between industry and academic.
Keywords: Innovation precursors, start-ups, spin-offs, capacity building, entrepreneurship, acceleration, national and regional innovation systems, etc.
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