Building Prosperous Knowledge Cities
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Building Prosperous Knowledge Cities Policies, Plans and Metrics

Policies, Plans and Metrics

Edited by Tan Yigitcanlar, Kostas Metaxiotis and Francisco Javier Carrillo

This unique book reveals the procedural aspects of knowledge-based urban planning, development and assessment. Concentrating on major knowledge city building processes, and providing state-of-the-art experiences and perspectives, this important compendium explores innovative models, approaches and lessons learnt from a number of key case studies across the world.
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Chapter 8: Piloting: Knowledge-based Development Policy and Practice in Building a Vibrant Ecosystem

Cathy Garner and Anne Dornan

Extract

8. Piloting: knowledge-based development policy and practice in building a vibrant ecosystem Cathy Garner and Anne Dornan INTRODUCTION Innovative places are poles of attraction in the knowledge-based economy. Some places have a greater capacity to create or absorb ideas than others. While Thomas Friedman (2005) declared that ‘The world is flat’ the truth is that despite global connectivity and globalized economies, innovative capability clusters in those places which have an openness to new ideas and the capacity to exploit them. This clustering is associated with the level of absorptive capacity in any innovation ecosystem. Absorptive capacity depends on many factors, including the willingness of the leadership in the system to be open to new ideas, new people and new ways of working. Moreover, the authors argue that the very nature of modern open networked innovation requires a system-based approach and now needs novel interventions by government or public agencies, further emphasizing the need for an open attitude to new thinking. Traditional approaches to innovation interventions have relied on top-down, output driven performance management in which pre-determined outcomes are specified to secure investment. Modern place-based innovation is created ‘bottom-up’ as an outcome of collective entrepreneurship and thus the conditions for this to thrive need to drive support and intervention mechanisms. This chapter sets out to describe the new requirements for innovation and how pilot interventions can be developed under the right conditions to increase the absorptive capacity of an innovation ecosystem. BACKGROUND Knowledge-based economies require new approaches to economic development. While...

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