Universities and knowlegde-based economic growth. The case of Delft

Abstract

Knowledge about new technology is a main determinant of the competitiveness of cities and regions nowadays. It reduces the amount of uncertainty of companies in their daily operations. In addition, it is a basis for the establishment of new companies and the restructuring of old ones. The availability and use of knowledge has thus a major influence on the development of urban and regional economies. An amazingly small amount of research has been done on the knowledge capacity of cities to date, i.e. urban potentials to generate, store, transfer and use knowledge. This article explores therefore, the urban knowledge capacity in a theoretical and empirical sense. Attention will be given to essential urban knowledge activities, and to the comprehensive and complex nature of the phenomena involved. In addition, various planning tools aimed at knowledge-based economic growth will be considered, with a focus on differences between the actors involved, and opportunities and constraints for success. In the empirical part, the city of Delft in the Netherlands will serve as an example, particularly regarding local policies for knowledge-based growth. Delft is an interesting case given the abundant availability of new technology and the relatively low level of local new firm formation.