Theoretical Framework

Innovation, the spirit on making things better and more sustainable, is essentially a transformation strategy for developing countries in shaping their competitive standings. In this matter, the "Triple Helix" concept comprises three basic elements:

1. University/research and development institutions, with role of producing technological innovations, sits on a equivalence with the industrial and governance entities in bringing improvement in productivity of a knowledge-based society of developing countries;
2. A movement towards the three major players, in which innovation is prompt to advance economic progress and to sustaining it. The innovation policies borne increasingly to more as interaction rather than a strict prescription from government;
3. The developing countries now is facing to emphasise for each of the sphere...