Lesson 3: Governments Seek to Create Appropriate Ecosystems and Reduce Innovation Risk
• Making investments: Most leading governments are investing significantly in the Internet of Things.
• Cluster training: Startups and other companies in specific areas of cities should be gathered to exchange experience and conduct new business.
• Encouraging SMEs and startups: An entrepreneurial culture should be fostered by reducing bureaucracy and taxes, and by spreading the benefits of entrepreneurship.
• Public procurement: The demand for innovation by the public sector should be used to encourage innovation and leverage IoT companies.
Lesson 4: It Is Necessary to Invest in the Formation of Human Resources
• The IoT favors job creation.
• Public policies should be linked in order to increase capacity, and to offer employment opportunities.
• Information technology, computer skills and programming should be introduced starting in elementary school.
• Universities and industries should be connected.
• Governments must take steps to open and expand channels of cooperation between industries and universities.
• Industry events should be promoted.
• Workshops, conferences and training on specific topics related to the IoT should be organized.
