A dynamic and interdependent living community of people, parts, or mechanisms that interact with one another. The term was coined by Arthur Tansley, a British Ecologist, who said that ecosystems have the capacity to respond to change without altering the basic characteristics of the system. A business can be viewed as an ecosystem, as can a market, industry, or economy.
Third space refers to a vision for universities which expands the campus boundaries as they work with different sectors of our society―academic, corporate, non-profit, governmental, cultural, and community to forge outward-looking connections and to co-produce knowledge and innovation. According to Nancy Cantor (2010, p4) 'one might imagine it as a two-way street for teaching, learning, and discovery.' http://surface.syr.edu/cgi/viewcontent.cgi?article=1001&context=chancellor