Cobweb Theorem : PPP-Model in Cluster Innovation and European Benchmark

This study explores cluster innovation, and it benchmarks Styria Model of Austria as model for cluster innovation. and it recommends a new model for clusteral innovation. This model is named as Cobweb Theorem. Styria model is a model for cluster formation, and it is a model for innovation in cluster. There are four success-story in Styria for clusteral innovation. First is public support by Styria Business Promotion Agency. Secondly, link between firms, R&D partners and public authorities. This linkage is stengthened by Styria Business Promotion Agency. Thirdly, Styrian firms are suppliers of big automakers: Steyr, Daimler, Puch. This guarantee production and sales for suppliers. Finally, technical infrastructure is available in Styria to establish a cluster. It is state-owned metal industry. Styria is named as PPP-model in innovation. This study adds technopark dimension to PPP-model, and it is called Cobweb Theorem. In Cobweb theorem, government establish technopark in clusters, and R&D partners bring together in this technopark to do innovation