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| Evolution and Innovation Capability of the Innovation Ecosystem in the Greater Bay Area: Based on a Comparison with the San Francisco Bay Area |
| DUAN Jie |
| College of Economics, Shenzhen University, Shenzhen, Guangdong, 518060 |
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Abstract The Bay Area is an important growth pole in leading global economic development and technological innovation. The development of the innovation ecosystem in the bay area shows an evolutionary path from the incubation stage to the development stage and then to the maturity stage. From the perspective of the evolution of the innovation ecosystem, this paper expounds on the evolution path of the bay area, and makes a comparative analysis of the evolution process of the Guangdong-Hong Kong-Macao Bay Area and the San Francisco Bay Area in the major elements of the system, such as innovation subjects, innovation resources, innovation environment and innovation capability. The results show that the San Francisco Bay Area is in a mature innovation ecosystem, which has an innovation ecological network with innovation companies as the basis and the close collaboration between enterprises, universities and research institutes as its core. And it gathers high-quality talents and venture capital, boasts a full-fledged sci-tech legislation system and a dynamic innovation atmosphere. In comparison, the Guangdong-Hong Kong-Macao Greater Bay Area, despite a large innovation base, is faced with a shortage of high-quality research institutions, high-level talents, insufficient investment in basic research, and many impediments in original innovations, and has not established a mature sci-tech policy system and multiculturalism. The Guangdong-Hong Kong-Macao Greater Bay Area is still in the early stages of growth and there is still huge room for development. Drawing on the successful experience of the San Francisco Bay Area, to push the innovation development of the Greater Bay Area, we need to take following measures: attach importance to the innovation output evaluation mechanism and pay attention to the improvement of innovation quality; promote further collaboration between enterprises, universities and research institutes, upgrade the innovation cluster with knowledge spillover; optimize the cultivation of innovative talents, focus on the deep integration of technology and finance; and promote coordinated development of the Greater Bay Area and cross-border flow of essential factors.
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Received: 06 December 2019
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2020, Vol. 37 
