Fostering An Ecosystem For Pharma Packaging Innovation

To help understand the innovation ecosystem it is useful to identify the key stakeholders, participants and contributors within the innovation ecosystem. ChandiPrasad Ravipati, Head-Packaging Development, Aurobindo Pharma, reveals more on this

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Biological ecosystem: Innovation ecosystem is based on the fundamental principle of any biological ecosystem. The very concept of a biological ecosystem is built by a network of interactions among organisms, and between organisms and their environment. The functional objective is energy flow from abiotic components to biotic components and vice versa operating as a unit in bringing an equilibrium state in the energy cycle. The equilibrium state is dynamic and to maintain the balance of population or nutrient exchange at specific levels. Our entire planet is covered with a variety of different, sometimes overlapping, and often interdependent ecosystems. Major global ecosystems are referred to as biomes. A tropical forest is a mid-sized ecosystem, which contains a diverse array of smaller ecosystems, and in turn connects with global ecosystems. These layers of ecosystems are in dynamic interactions with each other, and influence the equilibrium state each maintains.