The strength of a regional innovation ecosystem is driven by the combination of effective infrastructures and institutions with the availability of relevant financial, human and knowledge resources.
Beyond the start-up myths, weaknesses such as lack of talent and ambition imply that most new firms emerging in a regional ecosystem will be low-growth and low-tech.
Untamed free markets often fail to support sustainable innovations. Targeted and effective public interventions are also needed for strong innovation ecosystems to emerge and strive.
A wide range of private and public innovation support mechanisms should be carefully deployed and leveraged in order to strengthen regional innovation ecosystems and foster the scale-up of entrepreneurial ventures.
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Innovation valleys: regional innovation ecosystems
Keywords: ecosystems, knowledge spillovers, national innovation systems, Silicon Valley, triple/quadruple helix
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The visible hands: innovation support mechanisms
Keywords: accelerator, incubator, innovation policy, public procurement, science parks, subsidies
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(c) Prof. Benoit Gailly, Louvain School of Management