Policies to Stimulate Regional Innovation Capabilities Via University-Industry Collaboration : An Analysis and an Assessment

In this paper, we demonstrate how regional economic policies to stimulate entrepreneurship and innovation, can lead to successes. More specifically, through a detailed theoretical and empirical analysis, we discuss the critical ingredients that can lead to regional innovation and economic success. These critical ingredients consist of a balanced mix based on the presence of research institutes, a texture of endogenous knowledge-intensive start-ups coupled to larger R&D-intensive incumbents, all of them embedded in a professional environment that supports business advice and services. We illustrate the effects of this mix using empirical material from various innovative regions around the world