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Quadruple Innovation Helix and Smart Specialization: Knowledge Production and National Competitiveness

Author

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  • Elias Carayannis

    (The George Washington University, US)

  • Evangelos Grigoroudis

    (Technical University of Crete, Greece)

Abstract

Investing more in research, innovation and entrepreneurship is at the heart of Europe 2020 and the only way to achieve smart, sustainable, and inclusive growth. Smart specialization emerges as a key element for place-based innovation policies. The paper explains the linkage between knowledge creation, innovation output and enhancing regional and national competitiveness. We present the six major steps that every nation/region should follow to establish a smart specialization strategy based on the basic principles as described in the EU Research and Innovation Strategies for Smart Specialization (RIS3), accompanied by some examples of excellence from the Nordic countries. Special emphasis is paid to issues of applying the Quadruple Helix approach in the context of RIS3. This concept extends the triple helix paradigm by presuming that society is a key actor in innovation processes along with academia, industry, and government. The society is frequently the end user of innovation and thus has a strong influence on the generation of knowledge and technologies via its demand and user function. Our analysis allows us to conclude that a quadruple helix approach is suitable for developing smart specialization strategies despite the greater efforts this entails. There is an urgent need to reconsider measures to keep the momentum generated in the original initiative and demonstrate the value of this exercise. Furthermore, there is a growing need to measure the impact and quantify the value of smart specialization.

Suggested Citation

  • Elias Carayannis & Evangelos Grigoroudis, 2016. "Quadruple Innovation Helix and Smart Specialization: Knowledge Production and National Competitiveness," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 10(1), pages 31-42.
    • Handle: RePEc:hig:fsight:v:10:y:2016:i:1:p:31-42
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    References listed on IDEAS

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    8. Živilé Gedminaité-Raudoné & Dalia Vidickiené & Rita Vilké, 2019. "Unused potential for Smart Specialization development through collaboration: Lithuanian case," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(10), pages 463-469.
    9. Kirill V. Simonov & Natalia A. Girfanova, 2023. "Managing a high-tech startup: A case of machine vision for the poultry industry," Upravlenets, Ural State University of Economics, vol. 14(2), pages 47-61, May.
    10. Oana Ramona Lobont & Raul Purcarita & Sorana Vatavu & Florin Costea, 2021. "A Bibliometric Mapping of the Research Trends of Public Governance and Entrepreneurship Framework," Postmodern Openings, Editura Lumen, Department of Economics, vol. 12(1Sup1), pages 35-53, April.
    11. Alexander Nickolaevich Melnik & Kirill Andreevich Ermolaev & Mikhail Sergeevich Kuzmin, 2019. "Mechanism for Adjustment of the Companies Innovative Activity Control Indicators to Their Strategic Development Goals," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 20(3), pages 189-218, September.
    12. Roman, Mona & Fellnhofer, Katharina, 2022. "Facilitating the participation of civil society in regional planning: Implementing quadruple helix model in Finnish regions," Land Use Policy, Elsevier, vol. 112(C).
    13. Olga V. Zabelina & Maria V. Sergeeva, 2022. "Inclusive economic growth through employment and income: Experience of the Russian Federation," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 21(1), pages 21-48.
    14. Francesco Polese & Carmen Gallucci & Luca Carrubbo & Rosalia Santulli, 2021. "Predictive Maintenance as a Driver for Corporate Sustainability: Evidence from a Public-Private Co-Financed R&D Project," Sustainability, MDPI, vol. 13(11), pages 1-21, May.
    15. Zoltán Birkner & Ádám Mészáros & István Szabó, 2021. "Lessons Learnt: Changes in the Methodology of the Entrepreneurial Discovery Process in Defining the Priorities of Hungarian Smart Specialisation Strategies," Sustainability, MDPI, vol. 13(22), pages 1-18, November.
    16. Yong Kyu Lew & Jeong‐Yang Park, 2021. "The evolution of N‐helix of the regional innovation system: Implications for sustainability," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(2), pages 453-464, March.
    17. Sanja Franc & Deniza Karadžija, 2019. "Quintuple helix approach: The case of the European Union," Notitia - journal for economic, business and social issues, Notitia Ltd., vol. 1(5), pages 91-100, December.
    18. Alfonso Unceta & Xabier Barandiaran & Asier Lakidain, 2021. "Digitalisation of Creative Industries Fostered by Collaborative Governance: Public Innovation Labs in Gipuzkoa," Sustainability, MDPI, vol. 13(5), pages 1-20, February.
    19. Bartoloni, Sara & Calò, Ernesto & Marinelli, Luca & Pascucci, Federica & Dezi, Luca & Carayannis, Elias & Revel, Gian Marco & Gregori, Gian Luca, 2022. "Towards designing society 5.0 solutions: The new Quintuple Helix - Design Thinking approach to technology," Technovation, Elsevier, vol. 113(C).
    20. Taneli Heikka & Elias G. Carayannis, 2019. "Three Stages of Innovation in Participatory Journalism—Co-initiating, Co-sensing, and Co-creating News in the Chicago School Cuts Case," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(2), pages 437-464, June.
    21. Eva Panetti & Adele Parmentola & Marco Ferretti & Elisabeth Beck Reynolds, 2020. "Exploring the relational dimension in a smart innovation ecosystem: a comprehensive framework to define the network structure and the network portfolio," The Journal of Technology Transfer, Springer, vol. 45(6), pages 1775-1796, December.
    22. S. I. Kravchenko, 2022. "Identification Of The National Innovation System In A Globalized Environment," Strategic decisions and risk management, Real Economy Publishing House, vol. 12(4).
    23. Olena Kolomytseva & Anna Pavlovska, 2020. "The Role Of Universities In The National Innovation System," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 6(1).

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    More about this item

    Keywords

    Smart Specialization Strategy; Innovation-Productivity-Competitiveness; Quadruple Innovation Helix; Mode 3 Knowledge; 3C’s; SKARSE; RIS3;
    All these keywords.

    JEL classification:

    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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