Regional Transformation Processes through the Universities—Institutions—Industry Relationship

Abstract

The purpose of this paper is, first, to highlight the role of the relationships between universities, institutions and firms in different regional development processes working towards a knowledge economy, and, second, to draw some implications for local policy makers. Adopting the regional innovation system (RIS) approach, the authors analyse selected regions – Cambridge (UK), Baden-Württemberg (Germany), Göteborg, (Sweden), Singapore, Milwaukee (USA) and Pittsburgh (USA) – which in the last two decades have undergone a process of economic and industrial renewal. From their analysis of the regional transformation process, they classify three different regional development paths defined respectively as ‘RIS-into’, ‘RIS-from’ and ‘RIS-through’ processes. Some common features emerge. In the process of regional development cooperation among universities, institutions and firms is essential. In particular, local universities play a crucial role in providing highly-educated people, research and spin-off activities. Thus universities are able to foster knowledge spillovers and interact constructively with firms. These interactions are nurtured and promoted by local policy makers.