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New directions in regional innovation policy: a network model for generating entrepreneurship and economic development

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  • Robert Huggins
  • David Waite
  • Max Munday

Abstract

Lifting the economic performance of lagging regions continues to puzzle economic development practitioners and analysts. As a means of contributing some solutions to this puzzle, this paper examines a policy intervention that promotes regional development through a public–private-sector initiative that uses a network model to catalyze innovation-driven entrepreneurship. It focuses on a programme operated by the Alacrity Foundation in the region of Wales, UK. The paper argues that Alacrity’s model offers a novel means of attempting to facilitate regional development through a programme that intertwines elements relating to entrepreneurship, innovation, and network policy and practice. It is novel in the sense that it seeks to de-risk the entrepreneurial and innovation process in a regional environment that is not traditionally strong in this respect. It is concluded that such programmes indicate that policy is beginning to embrace a number of ideas emerging from theoretical work on the drivers of regional innovation and growth.

Suggested Citation

  • Robert Huggins & David Waite & Max Munday, 2018. "New directions in regional innovation policy: a network model for generating entrepreneurship and economic development," Regional Studies, Taylor & Francis Journals, vol. 52(9), pages 1294-1304, September.
    • Handle: RePEc:taf:regstd:v:52:y:2018:i:9:p:1294-1304
    DOI: 10.1080/00343404.2018.1453131
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    Citations

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    Cited by:

    1. Stopochkin Artem & Sytnik Inessa & Sytnik Bogdan, 2020. "Methodology for Analyzing the Level of International Entrepreneurship Development," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 259-285.
    2. Jörn Block & Christian Fisch & Kenta Ikeuchi & Masatoshi Kato, 2022. "Trademarks as an indicator of regional innovation: evidence from Japanese prefectures," Regional Studies, Taylor & Francis Journals, vol. 56(2), pages 190-209, February.
    3. Ross Brown & Suzanne Mawson & Neil Lee & Lauren Peterson, 2019. "Start-up factories, transnational entrepreneurs and entrepreneurial ecosystems: unpacking the lure of start-up accelerator programmes," European Planning Studies, Taylor & Francis Journals, vol. 27(5), pages 885-904, May.
    4. George H. Ionescu & Daniela Firoiu & Ramona Pîrvu & Marian Enescu & Mihai-Ionuț Rădoi & Teodor Marian Cojocaru, 2020. "The Potential for Innovation and Entrepreneurship in EU Countries in the Context of Sustainable Development," Sustainability, MDPI, vol. 12(18), pages 1-18, September.
    5. Stephan Manning & Cristiano Richter, 2023. "Upgrading against the odds: How peripheral regions can attract global lead firms," Journal of International Business Policy, Palgrave Macmillan, vol. 6(1), pages 1-23, March.
    6. Ondřej Dvouletý & Ivana Blažková, 2019. "The Impact of Public Grants on Firm-Level Productivity: Findings from the Czech Food Industry," Sustainability, MDPI, vol. 11(2), pages 1-24, January.
    7. Ben Spigel & Fizza Khalid & David Wolfe, 2023. "Alacrity: a new model for venture acceleration," International Entrepreneurship and Management Journal, Springer, vol. 19(1), pages 237-259, March.
    8. Zhicheng Duan & Tingting Tang, 2022. "Quantitative Simulation and Verification of the Coordination Curves between Sustainable Development and Green Innovation Efficiency: From the Perspective of Urban Agglomerations Development," Sustainability, MDPI, vol. 14(24), pages 1-22, December.
    9. De Toni, Andrea & Di Martino, Paolo & Dax, Thomas, 2021. "Location matters. Are science and policy arenas facing the Inner Peripheries challenges in EU?," Land Use Policy, Elsevier, vol. 100(C).

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