Driving Regional Innovation and Growth
As national and regional economies recover from the most severe global recession since the Great Depression of the 1930’s, there is a growing emphasis on the importance of innovation for sustained economic growth and competitiveness in today’s global, fast-paced, knowledge-based economy. Not only is innovation critical for industry development, it directly impacts the standard of living found in a nation and its regions. University research parks are a successful way to advance innovation and create economic growth in regions across North America, according to a new report, “Driving Regional Innovation and Growth,” prepared by Battelle’s Technology Partnership Practice (TPP) in partnership with AURP. Further, university research parks are an effective way to create new employment opportunities for existing technology companies, according to the report.