Spark Growth Defines:
An Innovation District is a geo-specific territory composed of people and places, defined by its authentic culture. An innovative district capitalizes on the assets that are available from within the community, and the creative collisions that happen spur an environment where innovation is able to occur freely.
Successful leadership works to cultivate this culture of collaboration and engagement, sense of sharing, common goals and belonging. As new narratives and structure emerge, a tipping point is approached within the community that becomes a magnet for entrepreneurs and businesses and for attracting and retaining capital and talent.
Innovation Districts are talked about more as self-contained economic development centers within a defined area of a city rather than city-wide Smart Cities infrastructure projects.
Components: Pilot projects, agile strategies, trust building, multigenerational live, work, play – age friendly, public/private partnerships, thrive, transformative, safe civic spaces, density, cluster, serendipity, new narratives.