Have you ever heard of DNA? It's like a blueprint that tells your body how to grow and work. Well, scientists came up with a special model called the triple helix model of innovation that is kind of like DNA for creating new things and ideas!
In this model, there are three parts that work together just like the three strands of DNA. The first part is the university, which is like a big school for really smart grown-ups. The second part is the government, which is like the boss of the country that makes the rules. And the third part is businesses, which are like stores or companies that make things we need and want.
Now, these three parts don't just work on their own in the triple helix model. They work TOGETHER, just like different parts of your body work together to help you walk or eat. The university part helps the businesses by giving them new ideas and ways to make better things. The government part helps the businesses by making rules that keep them safe and helping them get started. And the businesses help the university and government by making money and creating new jobs.
When they all work together, they can create really amazing things that help us live better and healthier lives, like new medicines or faster technology. It's kind of like how each of your body parts work together to help you run and play and learn new things!
So, the triple helix model of innovation is like a special DNA that helps grown-ups create new things and ideas by working together. Pretty cool, huh?