One-size-fits-all innovation strategies are unlikely to match a locality's unique strengths, and innovation policy focused only on the production of new knowledge will miss an important source of competitive advantage.
Globalisation is changing. New economies and centres for innovation are emerging and capital, ideas, goods and people are moving more freely between them.
The more connected a place is, the more successful it can become, enabling it to tap into new sources of innovation. However, this requires the ability not only to create new knowledge, but also to access, absorb, spread and apply ideas and concepts generated elsewhere.
Published
October 2008
Author
NESTA
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