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Competences
> • Innovation
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Innovation |
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The knowledge region – growth through innovation |
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«Anyone talking today about economic growth and increasing prosperity knows that there is no getting away from the idea of innovation. […] People like to make demands such as ‘We need more innovation’, but it isn’t often made clear what exactly is required.»
Lothar Späth, Handelsblatt, 14. April 2006 |
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Portrait of a regional innovation system |
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Continuous innovation is the motor that drives the development of a knowledge-based and sustainably competitive economy in high-wage business locations. However, innovation itself is not a clearly defined object or activity. Rather, it is a multi-layered, multi-stage process that can also happen in many different ways. |
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Supporting the political decision-making process to promote innovation and growth in a region |
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If Western Europe is to preserve its high wages and living standards in the medium term, it must maintain and further develop its lead in productivity over most of the rest of the world. Consequently, productivity must be continuously increased, which demands a high rate of innovation. The keywords in this context are:
Education – Knowledge – Innovation – Productivity
Regions are particularly aware of this pressure to innovate. A regional economy is not only exposed to (cost-related) competition resulting from globalisation, but is also part of a race to innovate within the industrialised world. The goal of a region must therefore be to keep ahead in the competition that is innovation. |
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Sizing innovative potential |
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The approach taken by BAK Basel Economics enables us to draw a picture of a knowledge region, with the aim of identifying the innovative potential of a region and systematically comparing it with other competing regions that are relevant because of their situation or industry structure (“benchmarking”). Building on this, the way in which this innovative potential is developed can be constantly monitored. In this process, a region is not only regarded as a separate entity; instead, the industries that are relevant to a particular region are also themselves investigated separately. The studies are based on a large number of indicators that reflect the knowledge and innovative potential of the region and allow international comparisons to be made. Monitoring is carried out on a quantitative basis and encompasses inputs into the innovation process, indicators at different stages of this process as well as its outcome. |
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Which questions can be answered? |
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The studies produced by BAKBASEL indicate where a knowledge region stands in regard to the global competition: the innovative potential of the region as a whole, but also of the industries that are based there, is measured and compared with that of selected competing regions. |
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Brochure Innovation (deutsch)
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Contact:
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Martin Eichler
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+41 61 279 97 14
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martin.eichler@bakbasel.com
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related links
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