Several concepts have emerged in recent decades to interpret and illustrate the process of knowledge creation and its application through innovation. However, they share several core conclusions about the non-linear nature of innovation and the multiple input and feedback loops that exist between the actors in an innovation system.
The knowledge triangle concept highlights the positive benefits that can be derived from the creation of strong links between education, research and business. This has led to an acknowledgement that policies in support of innovation should foster systemic interaction between these three sectors of activity. Furthermore, efficient interaction between these sectors can lead to a shift towards a knowledge-based economy that is an important target for all countries where the main resource is people.