Excellent research and findings from the Economist Intelligence Unit, "Fostering innovation-led clusters; A review of leading global practices" here. The research and approach are documented here. Some of the key findings are:
- Government has a crucial role to play; so does the market.
- Clusters are about collaboration, not just locating firms in the same place.
- Talent is the single most important factor in developing successful clusters.
- Governments need to work to promote a culture of innovation and entrepreneurship.
- Clusters work best when they are focused and can compete.
- Governments can do much to create an attractive business environment—and a good place to live.
- A strong local market will help attract R&D investment, but is not crucial for global success.