Innovation in less developed regional ecosystems: Towards a new synthetic approach

Fotios Katimertzopoulos, Charis Vlados

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review


It is known that peripherality is a condition experienced by individuals, businesses and regions located on the edge of economic and communication system, away from the geographical core of development or control center of the economy. This present study examines the characteristics and variables that affect the production of innovation within the less developed regional ecosystems. There are studies that use the differences in regional characteristics either to explain the deviations in innovative performance or interpret the different forms of regional development based on regional innovative activities. On the other hand, there are studies arguing that regions do not innovate but businesses do, and as such, they use business data along with regional characteristics.
By reviewing the existing literature, this paper seeks to explore whether the innovation policy can either aim to improve regional innovation conditions, in particular through a modern approach to regional and local innovation systems or focus more on the specific needs of SMEs in these regions. All of the above are contemplated and are enriched in the light of Stra.Tech.Man (Strategy. Technology. Management) theoretical methodology for innovation.
In conclusion, it seems that innovation can start from one point, be focused on a functional area and with distinct targeting, but it must transplant the innate potential of the organism (material and intangible) in the particular circumstances of its external environment, within the particular regional dynamics, since its competitiveness - that is, its ability to survive and grow - is always synthetically determined in terms of business (and its particular physiology), industry (and its special dynamics) and socio-economic space (and its specific historical evolution).
Original languageEnglish
Title of host publicationInternational Conference on Applied Business and Economics (ICABE) 2019
Publication statusPublished - 2019
EventInternational Conference on Applied Business and Economics - Aristotle University of Thessaloniki, Thessaloniki, Greece
Duration: 21 Oct 201923 Oct 2019


ConferenceInternational Conference on Applied Business and Economics
Internet address


  • Peripherality
  • innovation
  • regional and local under-development
  • business dynamics and physiology
  • multi-level competitiveness
  • Stra.Tech.Man approach


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