An innovation district is defined as a specific geographic area where leading edge anchor institutions, educational institutions, and companies cluster and connect with startups, business incubators, and accelerators. The Brookings Institute outlined three primary observed models:
Prioritizes the voice, needs and innovation opportunities of a community through a unique, documented community engagement planning process;
Measures and aids in the development of an innovation ecosystem’s economic assets, physical assets, and networked assets;
Engages regional business and property owners, educational and medical institutions, small and medium firms, and startups through location proximity, data community collected data collection and analysis, and evemts; and
Demonstrates the positive impact that collaboration and community leadership can have on innovation and economic growth.
Any sustainable place-based solution must speak directly to what communities have self-identified as barriers to attaining their vision and be a resource to help create an environment where individuals can develop their own capabilities for self-management and critical thinking
Development & incentives will continue to grow in and around our communities, and we must develop processes to link innovation and opportunities to community members
With the right mix and recognition of the existing tools, assets, resources, and opportunities in a community, members can develop their own solutions.
This process allows for opportunities to build inner and outer communities. Without this strategy, isolation can result in a real or perceived lack of support systems, networks, resources, and strategic collisions