Katrina’s Blog™

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on the science and technology of drugs and medical devices, including discovery, development, manufacturing, and regulation.

The What, How, and Why of Innovation Clusters

October 19, 2021
| Business, Science
a market builder working on an innovation cluster business model

You may be wondering how your local companies could work with regional partners to grow, transform, or reinvent your industry to be more competitive nationally or even globally. Perhaps you’ve recently heard some the buzz about innovation clusters, or you have seen a state or federal grant program supporting cluster development. Maybe you feel your area already has what it takes to form an emerging innovation cluster. Whatever your interest, you should know that innovation clusters are a specific type of economic development organization composed of members from industry, government, academe, capital, and entrepreneur segments. Successful clusters have several common factors but are different from other innovation mechanisms like the ecosystem. Creating and growing an innovation cluster takes deliberate effort, but the return on investment for successful clusters is huge. An innovation cluster may be in your future – are you the right type of person to get one started in your industry?

You can read more about innovation clusters and find more resources in the full article on LinkedIn.


Reach out to me if you want to know more or discuss your medical product development or business challenges.

katrina@krogersconsulting.com

https://www.linkedin.com/company/katrina-rogers-consulting-llc

https://calendly.com/katrinarogers

Text Copyright © 2021 Katrina Rogers

Photo by Kvalifik on Unsplash

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