Digital Innovations Development: Causal factors and relations - A Case Study of Montenegro

In order for economies to expand and develop globally, innovation is essential. A popular statistic for evaluating innovation between countries is the Global Innovation Index (GII), which provides a thorough analysis of the state of innovation worldwide. In this context, this paper aims to contribute to the literature by examining the multi-factoral effects of the innovation ecosystem on innovation development (internal causal effects), and the impact of global trends and crises on the innovation ecosystem (external causal effects) in Montenegro. The resources provided in this paper offer valuable insights into the innovation landscape in Montenegro and the Western Balkans, as well as the impact of globalization, global trends, and crises on innovation in the region. The paper also discusses the function of innovation hubs such as the DigNest project, in promoting cooperation between academic institutions, government agencies and corporations, and supporting the exchange of knowledge and fresh concepts.