New research examining 80+ international innovation districts reveals what drives success. From MIT's Kendall Square to Singapore's One North, thriving ecosystems integrate placemaking, economics, business development and governance. Success comes from institutional capabilities and relationships, not impressive buildings. Australian policymakers can learn from global best practices whilst avoiding common pitfalls like property-led development models

In today’s constrained fiscal environment, governments are rightly asking hard questions. Why should public funds support innovation districts and precincts unless there is clear evidence of productivity uplift, industry renewal, or public benefit? This Insight explores the economic, industrial, and civic value of innovation ecosystems. It argues for a shift in focus—from short-term outputs to long-term productivity gains. It also offers a practical framework for measuring wh