This book offers a comprehensive overview of the dynamics underpinning the successful performance of local innovation systems (LIS), that is, spatial concentration of innovation activities in specific geographical areas, characterized by the synergetic co-localization of research centers, innovation-driven enterprises, large corporations and capital providers.

The reader will gain a deeper knowledge of LIS theory and learn about the theoretical and empirical challenges of studying the LIS from a relational perspective. The book also provides an analytical framework to explore the level of connectivity among LIS actors through the use of social network analysis (network architecture) and second, to assess the variety of different types of relationships that local actors put in place to produce innovation within the LIS (network portfolio). More specifically, this book explores which network configuration is associated with a successful LIS by deriving evidence from the empirical study of the biopharma LIS in the Greater Boston Area (GBA), which has been exemplified as a benchmark case in terms of successful LIS performance.

This book also contributes to the theoretical debate about the optimal configuration of network structure (e.g. network closure vs. network openness). In capturing the heterogeneous nature of the LIS demography, it addresses the challenges brought about by the adoption of a holistic approach. Finally, the study provides insights into the network portfolio composition, which has been underexplored by extant literature. Besides addressing the scientific community in the field, this book will also be a valuable resource with practical implications for policymakers and those actors willing to undertake an active role in the development of an LIS in their own regions.

Eva Panetti is a scholar in Innovation Management and Team Project Manager for the Massachusetts Institute of Technology's Regional Entrepreneurship Acceleration Program (MIT REAP) for the Campania Region (Italy). She gained her PhD in Management at the Federico II University of Naples and, since the beginning of her career, she focused her studies on the analysis of innovation ecosystems. In 2017 she was visiting researcher at the Massachusetts Institute of Technology's Industrial Performance Center, where she conducted a research project on Boston Biotech Ecosystem. She is the author of several international publications on innovation ecosystems, technology transfer and technological transitions. Having analyzed many international cases, her studies currently focus on the evolution of emerging innovation ecosystems, with special regard to the Industry-University relationship and technology transfer mechanisms, and are conducted in cooperation with the Department of Management and Quantitative Studies at the Parthenope University of Naples.