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Risk and Models of Innovation Hubs: MIT and Fraunhofer Society

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  • Mohammad Baydoun

    (Millennium Development, Beirut, Lebanon)

Abstract

The purpose of this article is to compare two innovation hubs with two different models each of which was able to foster innovation in its context and understand impact of these models on risk in innovation research. They both closed the distance between academia and industries through establishing partnerships with these industries in order to find solutions for their problems through practical research. These two innovation hubs are Massachusetts Institute of Technology and Fraunhofer Society for the Advancement of Applied Research. Analysis of these two successful case studies shall help in revealing learned lessons that could benefit other research institutions in the future.

Suggested Citation

  • Mohammad Baydoun, 2015. "Risk and Models of Innovation Hubs: MIT and Fraunhofer Society," International Journal of Risk and Contingency Management (IJRCM), IGI Global, vol. 4(4), pages 17-26, October.
    • Handle: RePEc:igg:jrcm00:v:4:y:2015:i:4:p:17-26
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