Title: "Expanding Horizons: The Power of Open Innovation Ecosystems" Innovation is a driving force behind progress, growth, and success. In today's fast-paced globalized world, innovation has evolved beyond the boundaries of traditional R&D departments and has become a collaborative effort that involves diverse actors from across various sectors and industries. Enter open innovation ecosystems, which harness the power of collective intelligence to create new solutions, products, and services that cater to the ever-changing needs of society. Open innovation ecosystems are complex networks of organizations, entrepreneurs, start-ups, universities, research labs, and other stakeholders that collaborate, co-create, and co-innovate to generate new knowledge, share resources, and pool expertise. Unlike traditional innovation models, open innovation ecosystems leverage the power of transparent and inclusive collaboration to achieve faster and better results. The potential benefits of open innovation ecosystems are manifold. For one, they allow organizations to tap into a wider pool of expertise and knowledge that they may not possess in-house. By collaborating with other actors, companies can leverage the strengths of each stakeholder and co-create solutions that are tailored to the needs of the market. In addition, open innovation ecosystems encourage the free flow of ideas and knowledge, which can lead to the development of innovative technologies and products