Shopping Cart -

Your cart is currently empty.
Continue Shopping
This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
US
Pocketmags Digital Magazines

What makes a successful innovation district?

Being seen as a tech or creative hub or having an innovation district is the new badge of honour for cities. Get it right and the economy grows, new businesses spring up, and the rise in living standards puts the city on the map. Get it wrong and gentrification can push residents out and entrepreneurs will choose to set up elsewhere. Kirsty Tuxford highlights how cities can develop successful districts for innovation.
Athens was made the 2018 European Capital of Innovation for the revitalisation of communities such as the Commercial Triangle (Trigono)
Photo: City of Athens
Julie Wagner, President, Urban Insight
Photo: Urban Insight

The announcement that Athens had been made European Capital of Innovation by the European Commission in 2018 marked a welcome upturn in the Greek capital’s fortunes. The years after 2011 had been a struggle, with high unemployment and strict austerity measures imposed by the EU, culminating in riots in the city. But in 2018, unemployment dropped below 20 percent for the first time in seven years, and Athens ended the year ironically as a champion of innovation in the eyes of the EU.

“Through innovation, Athens found a new purpose to turn around the economic and social crisis,” says Carlos Moedas, Commissioner for Research, Science and Innovation, at the European Commission. “It is proof that it’s not the difficulties but how you raise yourself above them that matters.”

It is also proof of the value of innovation policies in driving economic and social change within cities. Some cities have set out to purposefully develop innovation districts, which serve as engines of economic growth while others have looked to develop an eco-system or set of municipal partnerships to stimulate regeneration and drive innovation.

READ MORE
Purchase options below
Find the complete article and many more in this issue of Cities Today - March 2019
If you own the issue, Login to read the full article now.
Single Issue - March 2019
FREE
Read Now!
Getting free sample issues is easy, but we need to add it to an account to read, so please follow the instructions to read your free issue today.
Email Address

View Issues

About Cities Today

The silicon docks How Dublin turned its docklands into a civic testbed