Towards Innovation with Care
- New Horizons in the Economics of Innovation series
Edited by Lars Fuglsang
Chapter 10: The Role of a Network Organization and Internet-based Technologies in Clusters: The Case of Medicon Valley
10. The role of a network organization and Internet-based technologies in clusters: the case of Medicon Valley Ada Scupola and Charles Steinﬁeld Over the last 20 years there has been much interest in the concept of industrial localization, the tendency for many industries to concentrate specialized activities in particular locations, as a source of innovation and competitive advantage (for example Porter, 1998; Becattini, 1990). A competing view, on the other hand, is oﬀered by researchers who claim that the advent of globalization and ICTs would pose a challenge to local economies (Cairncross, 1997). This chapter addresses these competing notions by investigating the role of a network organization, Medicon Valley Academy, in supporting the development of a Danish biotech cluster, Medicon Valley. Rather than viewing globalization and localization as competing perspectives, the chapter shows the important role that Internet-based technologies have both in supporting coordination and collaboration inside industrial clusters, and in contributing to the globalization of the economy by connecting companies and clusters of companies across diﬀerent regions of the world. INTRODUCTION Innovation and technological change has been an important factor for economic development. In knowledge-based economies innovations are often the output of interactions and collaboration between various actors rather then being the result of a single ﬁrm or a single individual (Malmberg and Power, 2006). In the last two decades there has been much interest in the concept of industrial localization, the tendency for many industries to concentrate specialized activities in particular locations as a source...
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