The Regional Innovation Capacity Model

This chapter aims to present a conceptual model aimed to understand the Intellectual Capital-based (IC) characteristics of the regional innovation capacity. The proposed Regional Innovation Capacity Model (RICM) can be used for interpretative and normative purposes to analyse the innovation dynamics taking place at regional and territorial level. From an interpretative point of view, the model identifies the pillars grounding the innovation capacity of a local system. While, from a normative perspective, the model can inspire the definition of guidelines driving the design and the implementation of actions, projects and programmes aimed to stimulate and sustain regional development dynamics. The RICM adopts a knowledge-based perspective assuming that IC, in the forms of regional knowledge assets, and knowledge dynamics, in the form of knowledge transfer and learning processes, are the drivers of innovative processes and outputs. The chapter concludes proposing a future research agenda.