Publication > Part III: Policies for the future > CC2
Production is research oriented, because new technologies are being developed and applied. Cosmopolitan Centres specialise, so the research and development is in a specifically targeted area. Innovation is radical with strong ties between firms and universities.
The most important policy challenge is to establish close cooperation between universities and companies to further develop the new general purpose technology. Policies are effective here. For example, innovation subsidies help to establish cooperation between universities and firms to develop new products and services. Targeted policies are important. Large companies and strong IPR are required to establish this. It is also important to monitor the development of spinoffs and to stimulate good ideas. These kinds of small companies develop knowledge from universities and companies further in new directions.
Cosmopolitan Centres (Knowledge economy)
In a cosmopolitan centre, many specialists from all over the world combine their efforts in designing and producing toys and cars, games and business software, but also a range of new products and services.Production is research oriented, because new technologies are being developed and applied. Cosmopolitan Centres specialise, so the research and development is in a specifically targeted area. Innovation is radical with strong ties between firms and universities.
The most important policy challenge is to establish close cooperation between universities and companies to further develop the new general purpose technology. Policies are effective here. For example, innovation subsidies help to establish cooperation between universities and firms to develop new products and services. Targeted policies are important. Large companies and strong IPR are required to establish this. It is also important to monitor the development of spinoffs and to stimulate good ideas. These kinds of small companies develop knowledge from universities and companies further in new directions.