Abstract
This chapter draws insights from the global innovative places examined in the previous chapter. It outlines four major approaches to innovative place making: the anchor approach, the hub approach, the community approach, and the stand-alone approach; and identifies five key attributes that define innovative places: cluster, anchor, brand, social good, and governance. An innovation ecosystem is conceptualised in the form of a triple helix system comprising collaboration, acceleration, and urbanism. These approaches, attributes, and the ecosystem constitute a holistic mechanism for the making and functioning of successful innovative places. The chapter draws several lessons for the Australian context, focusing on the importance of a leading anchor, good urban design and place making, the role of government, the need to attract human capital, and the significance of an open-minded and risk-taking culture. These lessons are drawn from global best practices and have been chosen as a focus with a view to Australia’s competitive strengths and weaknesses in the global innovation race.
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Blakely, E.J., Hu, R. (2019). Dissecting Innovative Places. In: Crafting Innovative Places for Australia’s Knowledge Economy. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-13-3618-8_5
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DOI: https://doi.org/10.1007/978-981-13-3618-8_5
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