The classic innovative hotspots are California's Silicon Valley and Massachusetts' Route 128. These two hotspots had their beginnings in the early fifties and grew into national prominence during the 1970s. These are not the only innovative hotspots in the United States. Their success spawned dozens of attempts to duplicate their achievements, such as Silicon Mountain, north of Denver. It is representative of a Colorado software industry that is attracted to Boulder by the availability of technical personnel, mountain recreational areas, the University of Colorado at Boulder, and high-tech companies located nearby. Other potential hotspots include Lafayette, Louisiana's Silicon Bayou, Florida's Robot Alley, Washington, D.C.'s Capitol Beltway, Phoenix's Silicon Desert, San Diego's Golden Triangle, Southeast Florida's Silicon Beach, and Portland's Sunset Corridor, also called Silicon Forest. Two potential hotspots are not merely in the birthing process but are well along in the hotspot development process.
THE UP-AND-COMING HOTSPOTS
To become a true innovation hotspot, a region must overcome four types of barriers--facilities, information, education, and capital ( Rees, 1986):
Barriers to investing in ideas and facilities such as university staffing. This barrier can be minimized by increased funding for teaching fellowships, graduate research, and endowed professors which can attract and keep the necessary talent and create an atmosphere for scientific discovery. Other oft-used tactics include the wide use of research grants either to individuals or companies in areas
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Publication Information: Book Title: The Innovation Matrix: Culture and Structure Prerequisites to Innovation. Contributors: Paul A. Herbig - author. Publisher: Quorum Books. Place of Publication: Westport, CT. Publication Year: 1994. Page Number: 249.
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