Formation of startups and new companies
Commercial exploitation of science, technology, and novelty
System of laws, regulations, strategies, and funding priorities
Discovery and creation of new knowledge of the natural world
Application of new knowledge towards useful social ends
Innovation spaces come in many shapes and sizes. Starting from the legendary Silicon Valley in Northern California, to Route 128 in Boston, Research Triangle Park in North Carolina, Multimedia Super Corridor in Malaysia, and Bangalore in India, innovation spaces have been a talk of popular business and technology press, but have often defied formal analysis and policy models. Part of the lure of the Silicon Valley, is in its culture, its willingness to accept failure, and the eagerness of its investors to take a chance. At a smaller scale too, innovation spaces are often defined by the electrifying energy, that is often ‘in the air.’
In the Muslim World, like in the rest of the world, the last decade or so has seen the emergence of innovation spaces, that have begun to exude this electrifying energy, this daring passion, and the entrepreneurial spirit critical to success. Here is a list of the most exciting ones among them…