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Etzkowitz, one of the people which use to be citied about triple helix, introduce spaces as a consequence of a change in values among promoters of regional economic development from a sole focus on “business climate” and subsidies to firms to creating the conditions for knowledge-based economic development. One indicator of this shift is the increased involvement of universities and other knowledge producing and disseminating institutions, such as Academies of Science, in regional development.
The three stages of space creation can be divided as follows: 1. Creation of a knowledge spaces Focus on “regional innovation environments” where different actors work to improve local conditions for innovation by concentrating related R&D activities and other relevant operations. 2. Creation of a consensus space Ideas and strategies are generated in a “triple helix” of multiple reciprocal relationships among institutional sectors (academic, public, private). 3. Creation of an innovation space Attempts at realizing the goals articulated in the previous phase; establishing and/or attracting public and private venture capital (combination of capital, technical knowledge and business knowledge) is central.
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