"Innovating regions" is an emerging growth strategy in the U.S.
Friday, March 07, 2003
As EDPros, we are going to be hearing more and more about "innovating regions" in the years ahead. A popular term in Europe and Canada, "innovating regions" are places that support faster growth, innovating companies. (See, for example, the European Union's web site on Innovating Regions or Canada's Innovation Strategy, launched last year.)
You can see elements of this strategy emerging in the U.S. Just this week, Greater Austin-San Antonio Corridor Council announced a major economic development initiative: a technology summit that will link together the mushrooming nanotech and infotech, and biomedical and biosciences sectors of the Greater Austin-San Antonio Corridor.
One of the first elements of defining an innovating region is to frame the opportunities. You start with an audit of the available resources. By building networks around these resources -- relationships among businesses, universities and government agencies -- you next define opportunities for business development.
That's what this summit seeks to do. Explore the Summit web site to learn more about how to define an "innovating region".
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
If you are using a news reader, here is the link to syndicate this site:
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
"Innovating regions" is an emerging growth strategy in the U.S.
