Public policy literature overwhelmingly focuses on premium inner-city innovation precincts. However, planned innovation outside typical inner-city innovation precincts is both important and possible.
In this paper, we identify what makes planned innovation precincts successful and recommend that policymakers consider different policy mixes to support innovation in both the alleys of the cities and the valleys of the regions.
Innovation is one of the key ways to achieve much-needed productivity in Australia, but it needs to be backed by inclusive and credible policy. A lot of the research and policy drivers that support innovation don’t fully consider spatial requirements. It is important that policymakers understand that innovation outside inner-city areas is important and very possible - said SGS Economics and Planning Associate Laura Schmahmann.
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