Descriptive Analysis of the Regional Innovation System - Novel Method for Public Administration Authorities

Abstract

Making innovation is currently one of the key factors of economic development, both for the private sector and the public sector. The public sector can help to support the effective form of knowledge creation and development that will lead to real innovations in the administrated region. Innovations can help meet the objectives of public policies (such as the creation of new jobs and support small and medium-sized enterprises, etc.). This paper tries to summarize the findings regarding knowledge and the innovation environment that public authorities can support in the form of regional innovation systems (RIS). Authors suggest a novel method for increasing efficiency of public financial support. This method was proven in RIS research in the Czech Republic, where the strategic documents initiating support RIS were created. The authors discuss the characters which adequately describe RIS. The added value of this paper is represented by the methodology of RIS describing and listing the public authorities’ roles in establishing a knowledge environment.