People holding their hands together in a circle with a glowing star

Description: Collaboration plays a crucial role in fostering an innovation ecosystem. Write an essay exploring how collaboration between individuals, businesses, and institutions can contribute to creating a thriving innovation ecosystem. Discuss the benefits and challenges of collaboration in this context, and provide examples of successful collaborative initiatives that have led to significant innovations. Consider the importance of knowledge sharing, resource pooling, and interdisciplinary partnerships in creating a conducive environment for innovation.

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