Connected Innovation Neighborhoods and Innovation Districts

Abstract

The Smart City movement offers the potential for cities to utilize information and communications technology (ICT) to enhance their livability, workability and sustainability. However, Smart City initiatives often fail to gain traction because of their size and scale, the lack of leadership and well-understood socioeconomic value propositions and associated business models. To build the Smart City, the authors describe a holistic approach in which entrepreneurial and infrastructure ecosystems, and their associated socioeconomic business models, become integrated and connected, thereby creating an organic community foundation and entrepreneurial platform from which to support the long-term development of the Smart City.