ABSTRACT
In recent decades there has been an interest in what stimulates innovation in the industries and firms located in particular places and spaces. The interest is expressed in examination of the ways in which innovation by the firm is encouraged by the specific characteristics of location, such as the firm’s proximity to sources of knowledge, to lead customers and to other firms with complementary or competing interests and markets. In this chapter “space” describes a geographical area, while “place” is what is done within that area that encourages innovation.
