The mapping endeavor includes both the inputs and outputs of the regional innovation-based economy.
Inputs to Innovation Capacity
Successful innovation, and the increased productivity and prosperity that results, is the output of the dynamic interplay of a variety of regional factors. Every region has a different set of assets, networks, and an underlying economic culture, that together, determine its success in supporting innovative firms and people. As shown in Figure II, these innovation inputs form the regional innovation environment that impacts the ultimate prosperity of the region.
Output Measures of Innovation Capacities
The input measures in an asset mapping are useful descriptors of the regional business environment. However, it is critical to remember that the ultimate goal of economic development is not high research rankings, new business creation, or even jobs – it is to increase the prosperity of the regional citizenry. Therefore key outcome measures should be tracked. Following the framework provided above, there are three outcome areas to be assessed.
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