Policy Studies Institute, University of Westminster,London
The seminar addresses the implications of the European innovation policy turn toward societal challenges such as climate change. The new challenge-led approach reframes the policy agenda compared to the traditional technology-driven model. It is more attuned to systemic rather than singular innovation, and offers a broader definition of innovation which highlights social, organisational, and business model novelty. It is argued that this offers a richer and realistic perspective for the radical pervasive changes needed for the transition to a low carbon soc
The study integrates economic geography literature with the strategic management strand, providing a cross-fertilization framework in order to explore the relationship between agglomerations and innovation. Competitors’ agglomerations may create benefits in forms of externalities which render extra sources of external (to the firm) knowledge. When such externalities exist, then who gains from whom? Despite an important body of research on this topic, the evidence is inconclusive and mostly based on few particular industries.