The city of Wrocław is an important Polish center for creating innovations and modern technological solutions. In general, Polish innovation system is having problems with a lack of cooperation among different actors, a low level of commercialization and a weak uptake of technologies. Based on that, the objectives of this paper were set on the identification of the local innovation and entrepreneurial opportunities, the analysis of the current innovation system and the development of a community’s ecosystem theoretical concept. Currently, in Wrocław, many organizations are dealing with innovation. To assess the regional situation of the innovation system the ethnographic analysis was conducted. Each of the stakeholder segments was analyzed based on the resources, activities, value addition and value capture factors. The research showed a huge potential for creating an innovation ecosystem, however due to the variety of different activities, there is no common Innovation Ecosystem. Based on the analysis results, the Ecosystem Pie Model tool was used to create the ecosystem model concept. Research showed a huge potential for creating an innovation ecosystem. Therefore, Wrocław should aim to create a development policy framework that favors entrepreneurial innovation and will allow sustainable regional development.