Issue |
SHS Web Conf.
Volume 176, 2023
Seventh International Scientific Conference “BUSINESS AND REGIONAL DEVELOPMENT” (BRD2023)
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Article Number | 01005 | |
Number of page(s) | 13 | |
Section | Regional Development and Governance in the Transition to a Green Economy | |
DOI | https://doi.org/10.1051/shsconf/202317601005 | |
Published online | 08 September 2023 |
Rural areas’ development and competitiveness through innovation ecosystems
Faculty of Management and Administration; Marketing and Strategic Planning Department, University of National and World Economy, Sofia, Bulgaria
* Corresponding author: yovka_bankova@unwe.bg
The development of rural areas over the years has been raised as a problematic issue for many countries around the world. Different approaches are applied to solve that issue. One of them, currently, refers to the establishment of regional innovation ecosystems (RIEs). RIEs are complex systems involving multiple actors and resources to drive innovation and play crucial role in promoting sustainable economic development. Understanding the different types, traits, functions, and impact of RIEs can help policymakers and practitioners design targeted interventions and strategies for rural areas. The objective of the study is to explore the advantages of RIEs and their impact on the acceleration of development and improvement of competitiveness of rural regions. The study is conducted by the method of desk research. It aims to examine different types and functions of RIEs as a means to mobilise rural areas’ growth, potential and their role as a catalyst of competitiveness. As a result, a classification of Innovation ecosystems and of Regional Innovation ecosystems were developed. It was found that RIEs are capable of enhancing the competitiveness of rural regions by promoting economic diversification, driving innovation and productivity, facilitating access to markets and networks, attracting and retaining talent, providing business support and resources, contributing to branding and marketing efforts, and fostering collaboration and collective impact.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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