1: Regional Innovation Clusters

[Foster] collaborations between business, research, education, financing and government institutions that work to develop and grow a particular industry or related set of industries in a particular geographic region.

Other Information:

Creating jobs by growing regional economies is a critical priority for the Administration. Across the government, agencies are leveraging programs to better support local efforts that maximize the impact of innovation, competitiveness, and other strengths found in industries in regions throughout the U.S. Regional Innovation Clusters are on-the-ground collaborations between business, research, education, financing and government institutions that work to develop and grow a particular industry or related set of industries in a particular geographic region. Clusters facilitate interaction and strategic partnerships among these groups, which is particularly important for small business owners looking to find new partnerships, programs, and market opportunities to catalyze growth. Within a cluster, businesses are better able to commercialize innovative technology and create products and services that are beyond the resources, capabilities, and capacity of a single small business. The supportive community created by the cluster stimulates and grows specialized entrepreneurial talent that results in increased prosperity, job creation and economic growth.

Stakeholder(s):

• Business Institutions
  •  (Performer)


• Research Institutions
  •  (Performer)


• Education Institutions
  •  (Performer)


• Financing Institutions
  •  (Performer)


• Government Institutions
  •  (Performer)

Objective(s):

1: Businesses & Jobs

3: Voice

Content