Challenges of Transformation: Innovation, Re-bundling and Traditional Manufacturing in Canada's Technology Triangle

Bathelt H., Munro A. K. and Spigel B. Challenges of transformation: innovation, re-bundling and traditional manufacturing in Canada's Technology Triangle, Regional Studies. This paper develops a perspective of regional re-bundling in overcoming economic crises. It does this by focusing on the effects of the recent global financial crisis on traditional manufacturing. It analyses the structure of innovation processes and their development over time in Canada's Technology Triangle - a region known for university-related spin-off processes and successful modernization. What is less well known is that this region has been strongly influenced by traditional manufacturing industries. It is shown that these industries have been well prepared to deal with the effects of the crisis due to ongoing innovation and diversification stimulated by prior economic crises.