The role of cross‐sector partnerships in the dynamics between places and innovation ecosystems

Abstract

The dynamics between places and innovation ecosystems and the role that cross‐sector partnerships (CSPs) can play in regenerating places and in revitalizing innovation ecosystems remain poorly theorized. In this study we use two cases – Humber (UK) and Southwest Finland – to develop a conceptual model that demonstrates the vicious and virtuous dynamics between places and innovation ecosystems. We show that CSPs can act as herding spaces – arenas where actors from different organizations get together to address a common purpose and connect with the institutional context – and alter these vicious and virtuous dynamics. Specifically, our findings shed light on four mechanisms that enable CSPs to act as herding spaces and so to help break away from the vicious (vitalizing role) and reinforce the virtuous (nurturing role) dynamics between places and innovation ecosystems: recognition of place‐based challenges, improvement or utilization of place attachment, development of purpose ecosystems, and direct engagement in place regeneration activities.