Innovation Imperatives for the Caribbean

VARIETY AND SPECIALIZATION

Intermediaries are knowledge and resource brokers that influence the interaction between entrepreneurs and opportunities

Stages of the innovation and venture lifecycle: idea discovery, venture creation and management process.

Main role of entrepreneur changes viz: inventor, experimenter, founder and manager; and the nature of the opportunity also changes.

Direct effects fosters the interaction between the individual and the opportunity . Indirect effects occur when intermediaries facilitate movements between stages of an opportunity lifecycle.