Building an innovation nation (blog article)
by André Andonian, Christoph Loos, and Luiz Pires
from What Matters - McKinsey Digital
"McKinsey has partnered with the World Economic Forum to create an “Innovation Heat Map,” by identifying factors that are common to successful innovation hubs. As part of this effort, we have examined the evolution of hundreds of such clusters around the world and analyzed over 700 variables, including those driving innovation (business environment, government and regulation, human capital, infrastructure, and local demand) along with proxies for innovation output (for example, economic value added, journal publications, patent applications) to identify trends among the success stories. In the process, we have found patterns that suggest the critical ingredients required to grow, nurture, and sustain innovation hubs."
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