Cluster Policy

Cluster policy refers to a strategy used by governments and organizations to promote the development of specific industries or sectors within a particular geographic area. By focusing on clusters—groups of interconnected businesses, suppliers, and institutions in a similar field—policymakers aim to enhance collaboration, innovation, and competitiveness. This approach can lead to increased economic growth, job creation, and improved resources for companies within the cluster. Examples include tech hubs, manufacturing clusters, or creative industry zones, where shared expertise and facilities help businesses thrive together.