Over the past few years, the mere utterance of the term “Regional Innovation Clusters” (RICs) has either ginned up folks or struck a gut-wrenching chord within the startup and technology world. No fiercer critic has emerged than Vivek Wadhwa, who has been opining thoughtfully on his belief that government sponsored Regional Innovation Clusters, are doomed for failure. He believes the current strategy of constructing an incubator in an area with cheap real-estate and sprinkling a few smart folks in the area to “create magic” is insufficient.
As someone who has worked for the US government for seven years as a civil servant, on a variety of endeavors including matters related to RICs, I understand and concur with many of Vivek’s sentiments. But I do question his supposition that it has to be that way.
To read the full, original article click on this link: Why Regional Innovation Clusters Should Not be Demonized
