Creating Regional Wealth in the Innovation Economy: Models, Perspectives, and Best Practices (Financial Times Prentice Hall Books)

Drawing on extensive new research through dozens of interviews with entrepreneurial champions in diverse sectors, Creating Regional Wealth in the Global Innovation Economy pinpoints the key reasons why some locations succeed in the quest to become centers of technology and innovation - and sustain their competitive advantages over time - while others fail. It answers the central questions about the world's entrepreneurial hotspots: What makes these locations special? How can local business and government organizations most effectively promote local entrepreneurship? And what can budding centers of entrepreneurship do in order to enter the game? Silicon Valley. Taiwan. Ireland. France. Sweden. Israel. Munich. Cambridge. Bangalore. When it comes to promoting entrepreneurial culture, some places just seem to "get it right" -- serving as powerful magnets for talent, money, and ideas, and as powerful incubators for tomorrow's best companies. Now, drawing on extensive new research, Jeff Saperstein and Dr. Daniel Rouach pinpoint the key reasons why some locations succeed in the quest to become centers of technology and innovation -- and sustain their competitive advantages over time -- while others fail. This book answers the most crucial questions about the world's entrepreneurial hotspots: What makes these locations so special? Which local characteristics are inherent? Which can be fostered? What are the best practices for business and government organizations that want to promote local entrepreneurship and reach critical mass? And, most of all, what can be learned from the dozens of high-level entrepreneurial champions who have given their wisdom and experience so other people and regions may succeed? From Ireland to Israel to India, entrepreneurial innovation remains the #1 driver of economic success. This book identifies how successful regions build dynamic, self-sustaining centers of innovation across institutions in government, business, and nonprofit organizations.Jeff Saperstein and Dr. Daniel Rouach illuminate the complex mix of reinforcing success factors that can help regions set the stage for enduring long-term growth. Their extensive new research, detailed case studies, and diverse interviews of entrepreneurial champions across many societal sectors address economic policy, intellectual capital, labor costs, and many other key issues. Creating Regional Wealth in the Innovation Economy demonstrates how regions with diverse geographic, socioeconomic, and political/institutional structures can leverage their unique strengths to successfully "plug in" to the global innovation economy. It offers a comprehensive blueprint for reaping the benefits of a vibrant, entrepreneurial marketplace -- as an entrepreneur, investor, policymaker, or individual professional seeking the right place to be. Silicon Valley. Boston. Singapore. Ireland. Scandinavia. Munich. When it comes to promoting entrepreneurial culture, some places just seem to 'get it right': serving as powerful magnets for talent, money, and ideas, and as powerful incubators for tomorrow's best companies.This book draws on extensive new research to pinpoint the key reasons why some locations succeed in the quest to become a technology centre, while others fail. The authors answer crucial questions about the world's entrepreneurial hotspots: What makes these locations so special? Which local characteristics are inherent? Which can be fostered? What are the best ways to promote local entrepreneurship? And what can budding centres of entrepreneurship do in order to enter the game?Creating Regional Wealth in the Global Economy analyses the key factors for developing regional success and wealth in the Networked Ecomomy. It identifies the best practices that business and government leaders need to consider to develop their area into a powerhouse of the future.