Science parks, high tech campuses, and all sorts of “valleys”: they are developed everywhere. Their developers claim to create “innovation synergies” that speed up innovation in such places. But do they, and how? In this paper, we discuss how and to what extent innovation synergies can be managed.
Based on observations in a number of European cities, we identify and discuss several synergy management tools: 1) design for interaction 2) managing the tenant mix, 3) shared facilities and 4) promoting networks and communities. We confront our observations with recent concepts and empirics on firms, location, and innovation.
Report: Managing synergies in knowledge hotspots
