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Clusters, Innovation and Entrepreneurship

image of Clusters, Innovation and Entrepreneurship

This publication explores the success of major innovation and entrepreneurship clusters in OECD countries, the challenges they now face in sustaining their positions and the lessons for other places seeking to build successful clusters.  What are the key factors for cluster success?  What problems are emerging on the horizon? Which is the appropriate role of the public sector in supporting the expansion of  clusters and overcoming the obstacles?

The book addresses these and other issues, analysing seven internationally reputed clusters in depth: Grenoble in France, Vienna in Austria, Waterloo in Canada, Dunedin in New Zealand, Medicon Valley in Scandinavia, Oxfordshire in the United Kingdom, and Madison, Wisconsin, in the United States.  For each cluster, it looks at the factors that have contributed to its growth, the impact of the cluster on local entrepreneurship performance, and the challenges faced for further expansion.  It also puts forward a set of policy recommendations geared to the broader context of cluster development.

This publication is essential reading for policy makers, practitioners and academics wishing to obtain good practices in cluster development and guidance on how  to enhance the economic impact of clusters.

 

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The University-centric High-tech Cluster of Madison, United States

This chapter shows the central role played by the university in promoting economic development, innovation and knowledge across the region. The initiatives of the national and regional governments to spread the outcomes of the university to the regional economy are well illustrated in this chapter. The case of Madison, Wisconsin, also illustrates the various efforts made by the university to encourage commercialisation, licensing and technology transfer from the university to industry. With the support of related bodies such as the alumni association, the faculties and the technology transfer bureau, the University of Wisconsin Madison shows that universities can also play an important role in linking innovations to venture capitalists and industry, in stimulating the creation of spin-offs, and in facilitating the identification of the market for new products.

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