An “Innovation Corridor” is a geographic region where businesses, universities, startups, investors, and public institutions work together to accelerate economic growth and technological innovation.
Together, they add up to much more than the sum of their parts.
Some well-known innovation corridors in the U.S. include:
Anchored by elite research universities and fueled by venture capital, these complexes have introduced groundbreaking industry-defining innovations.
Innovation corridors are anchored by eight qualities:
With a thriving innovation corridor, Ann Arbor, Detroit and the entire state of Michigan will be viewed globally as one emerging innovation region.
This equates to more jobs, a diversified economy, and retaining and attracting talent, while competing on a global scale.