Policymakers, business strategists, innovation professionals, and researchers are increasingly being asked to invest in, create, or replicate innovation ecosystems. Until now, a clear framework for understanding what ecosystems are, how they function, and what enables their success has been largely missing, particularly in Australia. The Handbook of Innovation Ecosystems: Placemaking, Economics, Business, and Governance, just published by the Acton Institute for Innovation,

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

Innovation ecosystems often exist as dormant networks despite structural potential. The critical difference between contact lists and active collaboration lies in problem-focused interaction, trust-building, engagement, and governance mechanisms that align diverse organisational incentives. Successful activation requires shared challenges that demonstrate mutual value, system integrators that facilitate cross-sector engagement, and policy frameworks that reward collaborative

Successful innovation districts achieve integration across four critical domains: placemaking that treats public spaces as economic infrastructure, economic development based on systems thinking, commercial frameworks that align public and private interests, and governance institutions with clear mandates and adequate resources. Cities should treat innovation district development as a complex system requiring integration across multiple domains and timeframes.

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

John H. Howard, 15 April 2025 This Insight explores the growing significance of innovation ecosystems in driving economic transformation...

John H. Howard, 11 February 2025 The transformation of regional economies through innovation presents one of the most compelling...

The Port of Newcastle's evolution from a coal export hub to a diversified maritime gateway exemplifies how legacy infrastructure can adapt.