THE TRIPLE HELIX APPROACH TO INNOVATION POLICY: OPPORTUNITIES AND CHALLENGES Cover Image

ПОДХОДЪТ НА ТРОЙНАТА СПИРАЛА КЪМ ИНОВАЦИОННАТА ПОЛИТИКА: ВЪЗМОЖНОСТИ И ПРЕДИЗВИКАТЕЛСТВА
THE TRIPLE HELIX APPROACH TO INNOVATION POLICY: OPPORTUNITIES AND CHALLENGES

Author(s): Mihaela Mihaleva
Subject(s): Economy, Financial Markets, Socio-Economic Research
Published by: Висше училище по застраховане и финанси (ВУЗФ)
Keywords: Triple Helix; innovation; economic development; collaboration; co-creation; government; industry; academia; challenges; opportunities

Summary/Abstract: The Triple Helix innovation model is a way to drive innovation and economic development by fostering collaboration between government, industry, and academia. The benefits of the Triple Helix approach include enhanced collaboration, increased economic development through innovation, and alignment of education and training with industry needs. However, there are also challenges associated with the Triple Helix approach, such as balancing interests of the three actors, managing power dynamics and unequal resources, and overcoming cultural and institutional barriers to collaboration. Real-life examples of the Triple Helix Approach include the "Innovation Quarter" in the Netherlands, "Medicon Valley" project in Sweden, and the „Basque Country“ Project in Spain. These case studies highlight the potential benefits and challenges of the Triple Helix Approach. Policymakers should consider the opportunities and challenges of the Triple Helix Approach when designing and implementing innovation policies. Careful planning and management of the relationships between government, industry, and academia is critical to the success of the Triple Helix Approach.

  • Issue Year: 1/2023
  • Issue No: 8
  • Page Range: 55-62
  • Page Count: 8
  • Language: English