Innovation Ecossytem in Bio-Business in Northeastern Brazil

Abstract

The interaction between bio-business promotes evolution in the innovation ecosystem. Evaluate how these businesses interact enables us to understand the factors related to the growth of new business and the success cases. The present study characterized the innovation ecosystem present in the Brazilian northeastern region. The data search was in primary and secondary sources. In northeastern Brazil, the legislation establishes an incentive environment for new business; with the funding agencies favoring the research and development area. The universities, technology parks, and research institutes, with a partnership with private companies, promote the bio-business impulse. There are difficulties to obtain data access from the before cited institutions and there is no interaction between all the innovation ecosystem components. Therefore, the bottleneck found was the deficiency in innovation management.