The calculus of innovation is really quite simple: Knowledge drives innovation, innovation drives productivity, productivity drives economic growth.” – William Brody (Scientist)Innovation is the specific function of entrepreneurship. How can innovation and entrepreneurship help in fostering sustainable development and mitigate society’s grand challenges? Sustainable entrepreneurship is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Essentially, knowledge economy is driven by innovation (investment in knowledge and information), and human capital (investment in training and education). Sustainable entrepreneurship lies at the core of solving community dilemmas, developing economically sound environments and creating culturally responsible enterprises.

Source: Nigerian Tribune September 18, 2023 07:40 UTC