Wednesday, April 14, 2010

Open innovation in regional economies - Ed Morrison's Garage

Open innovation in regional economies - Ed Morrison's Garage

A group of us at Purdue, Penn State and The University of Akron are working on new frameworks for open innovation in regional economies. We are developing a network of practitioners at colleges and universities across the country who are positioned to accelerate innovation in regional economies.

Here's a framework that can help regional leaders understand the interplay of investments required to build an innovation economy. With this framework, regional leaders can map their current strategy, as well as evaluate new strategies. From another perspective, this framework specifies the different dimensions of what some are beginning to call an "entrepreneurial ecosystem".

In today's quickly shifting economy of networks, coherence is more important than vision. That's why these visual tools are important. They provide the strategy maps we need to organize both thinking and action in loosely joined networks.



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