One expects there to be a conceptual analogy between an innovation ecosystem and the biological ecosystems observed in nature. The biological ecosystem is a system that includes all living organisms (biotic factors) in an area as well as its physical environments (abiotic factors) functioning together as a unit. It is characterized by one or more equilibrium states, where a relatively stable set of conditions exist to maintain a population or nutrient exchange at desirable levels. The ecosystem has certain functional characteristics that specifically regulate change or maintain the stability of a desired equilibrium state.
The Department of Industrial Policy & Promotion (DIPP) has decided to set up a Task Force on Innovation, according to a government statement. It will comprise members from the industry and the government and will assess India‚??s position as an innovative country, suggest measures to enhance the innovation ecosystem and improve the country‚??s ranking in the Global Innovation Index (GII). India‚??s ranking in GII-2016 rose 15 places to 66th position. Recognising India‚??s potential, Commerce & Industry Minister Nirmala Sitharaman had sought the setting up of the Task Force.