Years ago, people would drive miles for jobs in secluded office buildings to keep ideas and technology a secret. Today, technology has changed how and where individuals work. The high-tech field, such as big data, machine learning and AI, requires collaboration, which is why innovation districts are becoming popular options.What Are Innovation Districts? An innovation district is an area within a city that houses related entities, such as co-working spaces, startups, colleges and universities, different established industries and government offices. It often attracts young people, and it can prove to be an economic boon to cities and entire regions. Most innovation districts are characterized by physical proximity — there is usually no more than a 10-minute walk between two points. Employees who work there have access to housing, public transportation, the arts and commerce to improve quality of life and encourage diversity. The five most important components of an innovation district include: · Density: Usually, innovation districts are located in metropolitan areas where there is a diversity and density of population. This makes it easier for groups of people to meet and interact. · Commercializing knowledge: Innovation districts need to ...
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