01 January 1970 3 4K Report

Economic zones strongly resemble city and clusters, and act as a complex inter-twined network of private or public industrial assets, government policies and academic or research institutions to deliver value to their stakeholders. Economic zones exist as either public or private and hybrid (mix of both public and private) entities thereby further increasing the impact and relevance of triple helix concept1 where the industry side may also include the zone management and acting as a SUPER INCUBATOR. Clusters tied up with academic institutions have achieved phenomenal success and analogies can be drawn to propose similar structures for success that can replicated to economic zones. There are different theoretical and empirical models demonstrating collaboration between entrepreneurship universities and clusters that have proven to be successful. Creating a strong nexus between entrepreneurial universities and economic zones can create considerable flow of talent, knowledge, and research from purely academic research universities to a highly vibrant commercial ecosystem that is geared up to boost entrepreneurship and innovation at all levels be it national, regional, or global.

1https://triplehelix.stanford.edu/3helix_concept

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