Abstract

Regional innovation is both vital for economic and social prosperity within the greater Sunshine Coast and Noosa regions. The Sunshine Coast Regional Innovation Project Team (SCRIPT) is a 31-partner network who collaborate to grow innovation and business capacity, commencing in 2017 with a $1million budget. This Regional Innovation Benchmark (RIB) report has two aims, (1) it measures firm innovation activity across the Sunshine Coast region and compares it with innovation data for Queensland and Australian firms by drawing on survey data, and (2) it investigates the benefits and key factors of collaborative innovation using five cases of 10 organisations in SCRIPT’s priority areas. The findings reveal that Sunshine Coast firms perform well in new-to-the-firm innovations, use knowledge-based sources of innovation and improve their performance through increased sales, profits and productivity through innovation, however priorities are identified to increase new-to-the-industry innovations, strengthen the regional innovation culture, and continue to measure firm innovation activity, as well as the outcomes of specific programs. This research project contributes by guiding evidence-based regional innovation policies and programs and future research opportunities exist to extend this study to other regions.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.