How to Make a Region Innovative

strategy + business, 2012

To foster economic growth, innovation clusters need to draw on the power of an interrelated “quad” of sectors: public, private, civil, and academic.

Even as communication technology makes it easier to connect with people around the world, the value of clusters will remain. Regions will continue to vie to become the next Silicon Valley or Bangalore. The ones that succeed will be those that deliberately cultivate talented, creative people; foster management reforms that promote innovation; and build networks among key leaders. By focusing on those three leverage points, leaders of a cluster can bring together the four critical sectors — public, private, civil, and academic — nurturing a community that becomes, in itself, an engine of sustainable innovation and economic growth.  Read More »