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Key factors in urban innovation

by Mark Merritt
Mark Merritt
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on Nov 17 in Management Innovation 0 Comments

The FT has an interesting article today on 'Mapping the innovative city'. Below are the key factors in urban innovation, point four of which I have seen working in practice with numerous KB members.

A good mayor

Mayors in Barcelona, Munich, Turin and Bogota have radically influenced their respective cities’ futures through tenacious and intelligent intervention. Measures have included the reduction of red tape, zoning and construction restrictions, and the careful balancing of social, business and cultural agendas.

Ethnic mix

Cities with a lively, tolerant, changing and cosmopolitan population tend to attract the best people. But big cities need to be wary of ghettoising new arrivals to the peripheries, a problem that has blighted Paris.

Education

Although Richard Florida plays down the link between education and start-ups, every successful city, from Bangalore to San Francisco area, has a good university at its core or nearby.

Intensity

Urban innovation is not just about the numbers of tech companies; the trick is to get them communicating with each other.

This means bars, coffee shops, shared offices and communal public spaces. Innovation often comes through serendipitous meetings, so tech clusters need places for unexpected encounters.

Cool bars attract bright young people, and the proximity of the creative industries helps both groups to spot new opportunities and emerging trends.

 

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Jon Harvey said, On this basis - perhaps the SFO should be scrutinising consultancy invoices more closely?
gentul said, Great article and I think the policies of Government will surley effect it in some ways. I too use t
Mark Merritt said, I like the idea of subsidised courses for the subjects that UK plc is lacking talent in. In addition
OJ Shannon said, Jim O'Neills got the right idea: "our economy is much rosier than it looks" http://www.thisislondon.
Matthew Balfour said, I totally agree with this Mark. Finding white space is something that people do not do enough. On

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