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Inducing phase transitions in local innovation networks: Implications for state economic development

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  • Karl A Koehler

Abstract

States can undertake innovation system network-focused actions to enhance their entrepreneurial networks. Actions directed primarily at creating transitions in their innovation network structure include: identifying the components and connectivity of the innovation network (persons, entities, businesses, etc.) and communicating with the network; establishing intermediary organizations (academies, roundtables, councils, etc.); establishing interfacial organizations to enhance information diffusion; and creating and supporting an Informatics HUB to facilitate network functions. Actions to enhance information access and communications within the innovation network include: ensuring local access to global information; supporting personal and business interactions within and outside of the local innovation system; supporting creation and maintenance of missing databases; supporting recruitment of talent in gap areas; and utilizing knowledge analytics to identify local overlaps with the global knowledge base. These are relatively inexpensive, but nonetheless challenging, alternatives to firm-level direct payments or incentives typically used by local governments. This Perspective briefly sketches the rationale behind these and related recommendations.

Suggested Citation

  • Karl A Koehler, 2017. "Inducing phase transitions in local innovation networks: Implications for state economic development," Local Economy, London South Bank University, vol. 32(8), pages 854-866, December.
    • Handle: RePEc:sae:loceco:v:32:y:2017:i:8:p:854-866
    DOI: 10.1177/0269094217739370
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    References listed on IDEAS

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