How to Boost Innovation in Cities

The World Economic Forum website noted that a variety of collaboration spaces are spreading across urban innovation ecosystems. Collaboration spaces create and — in some cases — manage and sustain the communities that make the ecosystem exist and grow. Co-working spaces offer interaction with other people, flexible working hours and an environment for serendipitous discoveries. Co-working spaces have multiple models: some are owned by companies and no external members are allowed (usually aligned with a corporation’s open innovation strategy); some are independently operated and open to the public (some of which create communities of interest); and others are publicly owned (for example, by city governments). Other collaboration spaces include Accelerators, Maker Spaces, Fabrication Labs, Techshops, Living Labs and Urban Labs.

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