A very interesting view of where innovation is coming from and where the old guard is falling behind McKinsey and the World Economic Forum developed the data map below:
One of the quotes from this post that maybe some local leaders should read is:
“While focus is critical for emerging innovation hubs, as they mature, they need to broaden their portfolios of businesses and sectors. This diversification is vital to the long-term survival of an innovation hub—it allows the hub to survive the unavoidable downturns that affect specific sectors and provides the impetus for continuous reinvention.â€
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