In the past two decades, the practice of economic development has become increasingly more sophisticated and complex as regions around the globe seek to leverage and transform their inherent assets into specialized and competitive clusters. Regions eager to compete in the New Economy must implement targeted strategies aimed at yielding the highest results for their economies.

     This requires a thorough understanding of the assets (scientific, technologic, institutional, etc.) that are uniquely competitive to a region, as well as the foundation factors (human resources, technology, capital/finance, business climate/regulatory environment, and physical infrastructure) needed to support a given cluster.

     It is not sufficient to merely understand the "ingredients" required to grow an economy; regions must develop their own "recipes" to ensure that linkages between people, institutions and industry are proactively made and constantly measured against results. Once these linkages are made, innovation and productivity-the cornerstones of competitiveness, and ultimately prosperity-help propel a region toward its economic goals.

     NES operates on the principle that competitiveness through innovation is crucial for regional development and prosperity. Growth and development of technology clusters go hand-in-hand in tackling regional capacities for innovation leading to competitive economies, institutions and ultimately collaborative community dynamics. NES works with regions to frame opportunities and implement strategies aimed at helping universities, research institutions, governments and business communities understand their roles and linkages to the innovation capacity of the community's economy. NES seeks to simplify the myriad of data and scenarios into clear action plans that prioritize resources, initiatives and critical steps required to build long-term wealth for a community.

     For more information, visit Global Bioeconomy Consulting

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