Innovation Hub Ecosystem: the conversation and discussion between Australia and Japan
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(Published version)
Date
2021
Authors
Tang, R.
Zhu, Y.
Xing, K.
OConnor, A.
Maki, K.
Sumikura, K.
Tomita, M.
Yuzawa, Y.
Hewlett, G.
Ratsch, G.
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Report
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Abstract
Science parks are regional innovation hubs, which play an essential role in networking resources such as physical infrastructure and RandD policies for technology output. Effective government policies and supports can provide clear guidance on the use of resources to stimulate interactions among tenant companies in science parks and external stakeholders, including research institutions and industrial experts. As government policies may determine the relationship between knowledge creation and research output in a science park, many countries, including Australia and Japan, have set the commendable objective to stimulate and commercialise technologies via innovation hubs. However, standalone facilities do not in themselves ensure innovation and economic benefits. An ecosystem is consequently developed to enable interdependent yet hierarchically independent and heterogeneous participants to generate values collectively. A well-developed ecosystem for innovation has been an ongoing concern shared by Australian and Japanese policymakers, practitioners, and academics. While governments of both countries have made generous efforts in stimulating and commercialising new technologies via innovation hubs, outcomes of such efforts vary across hubs in different regions because physically standalone facilities may not be efficient and productive. The conversion and discussion facilitated a mutual understanding of innovation-hub ecosystems in Australia and Japan and strengthened collaborative engagement between the two countries. Thoughts and ideas generated from the dialogue have been affecting innovation-hub professionals as well as the public in both countries and beyond.