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date: 31 March 2020

Abstract and Keywords

Local economic development has changed in fundamental ways as innovation has become critical to competitiveness in the global economy. As regional economies look to develop global strategies and compete in an increasingly knowledge-based economy, the purview of local economic development is changing. Increasingly, public and quasi-public agencies are looking to understand their role in spurring and supporting innovative industries and how to make appropriate financial, cultural, and physical investments in innovation infrastructure. This chapter describes the innovation economy and the key role played by innovation brokers in making the important connections between entrepreneurs and the resources they need to succeed in this new environment.

Keywords: innovation, innovation broker, innovation infrastructure, regional economies, regional innovation, public investment, entrepreneur

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