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Early Evolution of an Innovation District: Origins and Evolution of MID and RMIT University’s Social Innovation Precinct in Melbourne’s City North

journal contribution
posted on 2024-11-02, 21:23 authored by Marta FernandezMarta Fernandez, Tom Bentley
The development of an urban innovation district requires a unique, densely populated site connecting knowledge-intensive institutions with public spaces, large businesses, startups and SMEs, social hubs, and cultural institutions. Based on conceptual frameworks in the field including urban development theory, quintuple helix model, entrepreneurship and open innovation models, this paper uses a case research study approach, the Melbourne Innovation District. The context is Melbourne’s city centre immediately prior to and during Covid-19 recovery. The work analysed the vision and ambitions for the innovation district, the role of technology and enterprise in place-making and the impact of the pandemic in driving social innovation, the acceleration of demand for a ‘wellbeing economy,’ and incentives for collaboration between institutions. This work contributes to existing literature by examining the evolution and progress of Melbourne Innovation District as a case, and the influence of the 22@ district in Barcelona, highlights practical and strategic insights into how the Melbourne Innovation District formed and built capability for collective strategy in a knowledge-intensive urban settings, and the role of innovation ecosystems to develop dynamic, inclusive urban economies in the pandemic recovery era. Through this work we observed the key elements for the success in the early development of an innovation district including: the consideration of the real costs of collaboration; the establishment early on of a common vision and a long-term aspiration; the importance of achieving critical mass; the scattered evidence base; the need for ‘anchoring’ project and backbone organisation; the fragmented governance environment; the need for persistence with an integrated vision, that is connected to the overall city strategy; the identification of practical innovations that feed each other and create momentum.

History

Related Materials

  1. 1.
    DOI - Is published in 10.1344/jesb2022.2.j111
  2. 2.
    ISSN - Is published in 23857137

Journal

Journal of Evolutionary Studies in Business

Volume

7

Issue

2

Start page

184

End page

218

Total pages

35

Publisher

Universitat de Barcelona * Departament de Historia e Instituciones Economicas

Place published

Spain

Language

Spanish

Copyright

© This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) License

Former Identifier

2006118402

Esploro creation date

2023-01-27

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