Regional Innovation System

A Regional Innovation System (RIS) refers to the network of organizations, institutions, businesses, and individuals within a specific geographic area that collaborate to develop and applied new ideas, products, or processes. It emphasizes how local interactions, shared resources, and knowledge exchange boost innovation and economic growth in that region. Essentially, RIS creates a supportive environment where innovation thrives through cooperation among universities, companies, government agencies, and research centers, leveraging regional strengths to foster competitiveness and sustainable development.