Accelerating Technology-Based Growth in Developed, Developing, and Emerging Regions Worldwide - Technopolis: Best Practices for Science and Technology Cities - page 219

Key Sectors of Institutional Cooperation in the Austin Model. Source IC 2

Fig. 1 Institute

academic, business, and local government assets. Social entrepreneurs are more
concerned with linking to foundations and non-profits for enhancing regional
social inclusion and personal opportunities while technology/business entrepre-
neurs focused on linking talent, technology, capital, and business know how for
accelerated job and wealth creation.
This focus on regional institutional and personal cooperation is a very important
conclusion because as IC 2 Institute research has shown, while excellence in
education, business, government, entrepreneurial sectors is important—the most
important factor is effective cooperation across these entities. In short, the quest of
institutional or organizational excellence alone, while being important, is not
sufficient, Fig. 3 .
It is also important to emphasize that the vision and action of Austin's regional
visionaries and influencers was not focused on or limited to the construction of
world-class science parks, technology parks, incubators, and other physical
infrastructure. As witnessed in many regions worldwide, a focus largely limited to
the ''build it and they will come'' strategy has led to largely underwhelming
results. For example, a recent seminar in Mexico on technology parks noted with
concern that there were 33 technology parks spread throughout the Guadalajara
region and surrounding areas with more planned in the coming years. Guadalajara
is considered one of the top globally competitive technology regions in Mexico.

(Footnote 3 continued)
Tacit Knowledge; and being synergistic implies that the individual actors or entities work and
produce at levels above their individual talent (Gibson and Rogers 1994 ).