The Genesis of Innovation

The Genesis of Innovation

Systemic Linkages Between Knowledge and the Market

New Horizons in the Economics of Innovation series

Edited by Blandine Laperche, Dimitri Uzunidis and G. N. von Tunzelmann

The genesis and diffusion of innovation depends upon the density of the cognitive and market relationships among individuals, organisations and institutions at both the micro- and macro-economic level. By addressing the nature of these relationships, which include cooperation, competition and power, this book presents an important and progressive enquiry into the economic and social origins of innovation.

Chapter 10: Cooperative Networks and Clustering of High-Technology SMEs: The Case of Brisbane Technology Park

Kavoos Mohannak and Robyn Keast

Subjects: economics and finance, economics of innovation, innovation and technology, economics of innovation


Kavoos Mohannak and Robyn Keast 1. INTRODUCTION In today’s global economy, innovation is presented as the key to economic development and sustainability. Only through innovation can companies ensure their progress and their place in the market and become strong enough to survive and prosper. By creating a favourable environment for innovation, countries and regions can facilitate their industries and companies to become stronger, be more profitable, and generate employment and sustainability. The economic booms of some high-technology industrial agglomerations through the 1970s, both planned such as the Stanford Research Park and the Research Triangle Park and spontaneous such as Silicon Valley and the Cambridge Phenomenon, suggested a type of mechanism for creating a favourable environment for innovation. Aiming at recreating the dynamics found in those successful models in order to boost the economies of their perspective areas, more and more planned industrial agglomerations such as science and technology parks (STPs) have been established with strong government or quasi-government initiatives. These planned technology parks expected to provide the following benefits to the tenants: increased research productivity, employment growth in high-tech sectors, extraordinary growth or performance of R&D-intensive firms situated in the park, and the development of strong and operational ties between firms, university research, national laboratories and other research institutions. Many countries, including Australia, have invested in and developed technology parks with these objectives in mind. Some governments have also hoped that science parks will also help to: (a) raise the level of technological sophistication of local industries...

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