ROIC ROIC_e-book-2 | Page 2

STI Ecosystem The Science, Technology & Innovation (STI) ecosystem is an interactive system of Education, Science, Commercialization, Research and Development, covering existing institutions, private and public firms, universities and government agencies. This system aims at the production of science and technology within national borders and beyond. The ecosystem perceived as placed on a tripod of Intellectual, Financial and Network capacities, all reinforcing each other. FINANCIAL CAPACITY Financial Capacity composed of risk capital, growth capital, and new capital. The risk capital includes pre-seed, seed, early and late stage VCs, private equity, etc. The growth capital encompasses fellowships, awards and grants, debt financing, alternative investment funds, loans, pension funds, etc. Finally, the new capital involves initial coin offering, cryptocurrency VC, crowdfunding, peer-to-peer lending. ECOSY