KEY RECOMMENDATION 5

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Encourage Eco-Systems for

Manufacturing Innovation World-Wide

Encourage Eco-Systems for

Manufacturing Innovation World-Wide

Eco-Systems for manufacturing innovation include new forms of collaboration, partnerships, knowledge-sharing, and co-innovation among a vast network of trusted and transparent partners including companies, research associations, public bodies, and individuals. It is imperative for public and private stakeholders to promote and encourage these systems to allow for collaboration and progress. Eco-systems provide the means to take bold steps and encourage risk in order to create disruptive and paradigm-changing technologies.

Eco-systems should be utilised to create new socially-oriented products and services to innovate within global supply networks and enable co-creation and growth. When resources and knowledge are pooled, advancements for the betterment of the entire population become possible. It is also important to create eco-systems that are sensitive to potential cultural divides that can be accompanied with new technological adoption. In order to create a more connected and peaceful world these systems must have a great amount of thought and sensitivity in their actions. It is important to enable these eco-systems to be able to address potential cultural issues and to minimise divides throughout the world.

Further, stakeholders must encourage innovators and entrepreneurs to engage in manufacturing eco-systems in order to benefit from advanced manufacturing technologies. Knowledge-sharing and collaboration can benefit both those directly in the manufacturing industry and other business stakeholders. By having a wide array of innovators and experts in a manufacturing eco-system, more well-developed knowledge will be available to help create, produce, and provide guidance.

Additionally, innovation can be created through smaller eco-systems with start-ups. Larger companies can serve as a point of guidance and should help to incubate start-ups in order to spur high-risk research and innovation. Nations should encourage companies to take on responsible risk through R&D within start-up ventures. By encouraging innovation within a wider context of a manufacturing eco-system more innovative technologies will be produced, available, and usable by many and therefore help to promote manufacturing and the global economy. Manufacturing eco-systems are a vital part of a well-rounded manufacturing sector that will help to expedite R&D and innovation.

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