RE$EARCH MONEY conference set to explore the nature of cluster formation and its significance for Canada’s future

Technology Clusters: By Accident or Design?

Cluster formation of promising leading-edge industries is quickly being recognized across Canada as a dominant and essential characteristic of a successful knowledge-based economy. Despite its critical role in innovation, Canadians from all sectors also realize that successful cluster formation is easier said than done. Confusion abounds as to what exactly constitutes a true technology or industrial cluster, increasing the risk that policies designed to encourage clusters may prove ineffective.

On February 19, many of Canada’s foremost experts on technology clusters will gather in Ottawa for the second annual RE$EARCH MONEY Conference — Technology Clusters: By Accident or Design? The event seeks to develop consensus on the ingredients required for successful technology clusters, and examine clusters that have already been established or are in the process of being formed.

Successful cluster formation can be a long and daunting task but few question their importance in a knowledge-based economy. Clusters figure prominently in Canada’s Innovation Strategy, with the goal of establishing 10 internationally recognized clusters by 2010.

But the competition will be fierce. The decisions Canada and Canadians take now will have a profound influence on future success and prosperity.