Local innovation system

A local innovation system is a spatial concentration of firms (including specialized suppliers of equipment and services and customers) and associated non-market institutions (universities, research institutes, training institutions, standard-setting bodies, local trade associations, regulatory agencies, technology transfer agencies, business associations, relevant government agencies and departments, et al.) that combine to create new products and/or services in specific lines of business.[1]

The idea of a local innovation system is an adaptation from the concepts of the national innovation system (original concept) and regional innovation system.

See also

References
  1. Rantisi, Norma M. (1 August 2002). "The Local Innovation System as a Source of 'Variety': Openness and Adaptability in New York City's Garment District". Regional Studies. 36 (6): 587–602. doi:10.1080/00343400220146740.


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