Innovation District
An Innovation District is a designated area within a city that fosters collaboration and creativity among businesses, researchers, and entrepreneurs. These districts typically feature a mix of office spaces, laboratories, and residential areas, encouraging interaction and the exchange of ideas. They often attract startups and established companies in fields like technology, healthcare, and biotechnology.
These districts aim to drive economic growth by creating an environment that supports innovation and entrepreneurship. They often include amenities such as parks, cafes, and cultural venues, making them attractive places to live and work. Cities like Boston and San Francisco have successfully developed such districts to enhance their local economies.