Table of Contents

Global Clusters of Innovation

Global Clusters of Innovation

Entrepreneurial Engines of Economic Growth around the World

Edited by Jerome S. Engel

In the geography of the global economy, there are known ‘hot spots’ where new technologies germinate at an astounding rate and pools of capital, expertise and talent foster the development of new industries and new ways of doing business. These clusters of innovation are significant drivers of value creation and function as models for economic expansion in both developed and developing countries. This book explores the key attributes of these innovation hubs using case studies from around the world.

Chapter 14: NCIIA: students as the vanguard in a geographically dispersed approach to stimulating science and technology innovation

Phil Weilerstein

Subjects: business and management, entrepreneurship, economics and finance, economics of innovation, innovation and technology, economics of innovation, innovation policy, urban and regional studies, regional economics


In this chapter we describe a geographically dispersed approach to stimulating science and technology based economic development that focuses on the expansion of human capital, the enabling of science and technology entrepreneurs and the creation of novel products and ventures based on new discoveries and innovations. Efficiently connecting the education and research enterprises of higher education creates an engine for training innovators while fostering the creation of new products and businesses. The key to this approach is coupling experiential models for learning the process of commercialization to opportunities to actually pursue very early stage commercialization activities within an educational context. When done well, this results in a powerful model for developing science and technology entrepreneurs and moving their ideas rapidly forward. The geographic dispersion of the over 4000 public and nonprofit universities and colleges across the United States creates an opportunity for broad impact in a very diverse range of settings. For most institutions the primary focus is not on strictly local economic development objectives but rather, as is the case with the university’s educational objectives, to prepare people for successful contribution to society wherever they may wind up. By seeding entrepreneurial education and experience widely across the United States through structured programs and catalytic support, universities can increase the economic productivity of their research innovation and equip scientists and entrepreneurs with the knowledge, tools, networks and experience to address the emerging needs of society in an economically productive way.

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