Local Innovation System
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Local Innovation System
A Local Innovation System (LIS) is a framework that emphasizes the importance of collaboration between different actors in a specific region to promote innovation and economic growth. It is a localized network of individuals, organizations, and institutions that come together to foster the development and commercialization of innovation. The LIS includes actors from all sectors of the economy, such as universities, research institutes, companies, science parks, incubators, and public sector entities. These entities collaborate formally or informally to establish an environment that is conducive to the development and commercialization of new products, services, and processes. The LIS is based on the idea that economic development is best achieved when local actors work together to create an innovation ecosystem. The LIS encourages the formation of partnerships between different actors, helping them to exchange knowledge and create synergies. By doing so, the LIS can create an environment which is conducive to local innovation. This in turn leads to increased productivity and economic growth. One of the key aspects of the LIS is the importance of local resources, knowledge, and capabilities. The LIS is typically tailored to a specific region and includes the unique characteristics of that region. This means that the LIS takes into account the local culture, history, and economic conditions to create an environment that is conducive to innovation. Another key aspect of the LIS is the role of government in promoting innovation. Governments can play a critical role in supporting the LIS by providing funding, creating policies that support innovation, and promoting collaboration between different actors. Governments can also help to create a regulatory environment that is conducive to innovation by reducing barriers to entry and promoting competition. In conclusion, the Local Innovation System is a framework that emphasizes the importance of collaboration between different actors in a specific region to promote innovation and economic growth. The LIS is tailored to a specific region and includes the unique characteristics of that region. The LIS encourages the formation of partnerships between different actors, and the role of government is critical in promoting innovation. By creating an environment that is conducive to innovation, the LIS can lead to increased productivity and economic growth.
collaboration, innovation ecosystem, local resources, government support, regulatory environment
Local Innovation System
The Local Innovation System (LIS) is a model of regional economic development which focuses on the design, implementation, and evaluation of policies and interventions that promote local innovation and entrepreneurship. It is based on the idea that economic development is best achieved when local actors, such as universities, research institutes, industry, government, and civil society work together to create an 'innovation ecosystem'. The LIS encourages the formation of partnerships between different actors, helping them to exchange knowledge and create synergies. By doing so, the LIS can create an environment which is conducive to local innovation. This in turn leads to increased productivity and economic growth.
innovation, ecosystem, regional development, entrepreneurship, knowledge exchange, productivity.
CITATION : "Ji-Soo Park. 'Local Innovation System.' Design+Encyclopedia. https://design-encyclopedia.com/define/local-innovation-system?E=194789 (Accessed on October 14, 2026)"
Local Innovation System
Local Innovation Systems refer to localized networks of individuals, organizations, and institutions that come together to foster the development and commercialization of innovation. This network includes actors from all sectors of the economy, such as universities, research institutes, companies, science parks, incubators, and public sector entities. It is a formal or informal collaboration between these entities, aiming to establish an environment that is conducive to the development and commercialization of new products, services, and processes. This innovation system is typically tailored to a specific region and typically includes local resources, knowledge, and capabilities.
Innovation, Localization, Networking, Collaboration, Co-Creation, Knowledge Exchange, Commercialization.
Local Innovation System on Design+Encyclopedia
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