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Regional Development International competition between regions is growing. Regions compete for attraction of best talents and best companies. Modern companies are increasing their mobility and flexibility, which gives opportunities, but also forces regions to create mechanisms of retaining domestic companies. Society expects from regional administration to fulfill their mission is to generate sustainable economic growth. Typical instruments for that are tax benefits, special regimes, active international promotion and networking, when talking about attraction of foreign direct investments. Innovation and entrepreneurship support policies, clustering and infrastructure developments are often used to generate economic growth and keep existing companies and experts home. Many regions try their best to position themselves as international innovative regions or innovation hubs. But globalization and growing competition makes unique positioning harder every day. Nowadays it is hard to surprise somebody by existence of universities, research institutes and logistics connections. International experience shows that successful regional development policy and strategy must be based on complex approach, both attraction and retention of direct investments and support of local innovations and clusters. InnoPraxis experts help representatives of regional and local authorities to analyze and develop region innovation system. InnoPraxis advises on how to turn technology parks, business incubators and other innovation structures into a real instrument of innovation regional development and international marketing. InnoPraxis helps to create regional clustering programs and utilize them for unique international positioning.
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