Boston lead the world as the 1st innovation city

 Boston - Massachusetts

In the global competitive economy cities plays a central role, fostering innovation when they are able to cultivate a fertile environment for creativity, business startups and high levels of city infrastructure.
A recent study from 2thinknow ranked Boston as the Top City of global innovation leading a list of 289 cities around the world. The score measured 3 factors (out of 10) in a range of 162 innovation indicators:

• Cultural Assets - 9
• Human infrastructure - 10
• Networked markets - 10

Leading with 29 points out of 30, the City of Boston is a central hub where individuals, firms, nonprofit organization and even governments can have benefits from the collaborative network that already exists or that can be built in the region such as technology clusters and spillovers of knowledge.

However Melissa Schilling* points out that geographical clustering could have some downsizing effects for installed companies because their proximity and competition can reduce pricing power with buyers and suppliers, competitors can gain access to proprietary knowledge and the huge concentration can lead to other externalities such as high cost, pollution, traffic, etc.

Yet, this is a great reward!

Sources:
*Author of Strategic Management of Technological Innovation, third edition. 2001
2thinknow
smartplanet article
Photowallpaper