MIT faculty members assess success and failure factors for innovation hubs

Two faculty members at Massachusetts Institute of Technology have written about the results of their examination of efforts across the world to create innovation hubs.

“What often distinguishes the successful regions are the actors driving local economic development. An ecosystem’s activities – and its effectiveness – depend on who leads, and how,” they have concluded.

Click here to read their thoughts.

We also came across this article from Business Facilities that discusses the Biden Administration’s proposed $80 billion initiative to fund innovation centers in regions hampered by underinvestment and highlights several of the more successful ones already in existence in the U.S.

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