What is the Triple Helix concept?
Triple Helix model supports the concept: Innovation is a result of connection between the university, business and public institutions. This model includes the trilateral collaboration on the proccess of knowledge of capitalism, where the actors accept each other’s role.
Innovation happens exactly at the point of connection between institutions, through the interconnection of the actors which consider and accept each other’s role. (illustration as below:)
Triple Helix relies on three main pillars which focus on: generating wealth (made possible by the business community), knowledge creation (made possible by the university), and government interaction (made possible by public institutions and different initiatives of the government).