Innovation is the creation and application of novel, value-adding solutions to relevant problems or opportunities.
Venture capital is a form of private equity and a type of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential or which have demonstrated high growth.
Institutions are established societal norms and structures guiding behavior, innovation, and economic activity.
Globalization: The integration of economies, cultures, and governments driven by trade, investment, technology, and flow of information.
