Regions and Innovation Policy

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Regions and Innovation Policy addresses the needs of national and regional governments for greater clarity on how to strengthen the innovation capacity of regions. The first part of the book examines strategies, policies and governance, explaining why regions matter, what makes smart policy mixes, and multilevel governance.  The second part of the book looks at agencies, instruments and country information, showing how agencis can maximize their impact and what policy instruments work. The final chapter provides country-by-country summaries of what countries are doing.



Policy instruments for regional innovation

This chapter reviews seven instruments frequently used in regional innovation policies. The instruments covered are: i) science and technology parks; ii) systemic initiatives: clusters, networks, competitiveness poles and competence centres; iii) innovation advisory services for existing SMEs; iv) support to innovative start-ups; v) innovation vouchers; vi) schemes for talent attraction and retention; and vii) funding for research infrastructure. The description of each instrument addresses its definition, rationale, objective, and the specificities for use at regional level. The description also highlights the adaptation of the instrument over time, including changes in policy concepts or evolving context conditions. Success factors and results from available impact assessments are also discussed.


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