Guidelines for Developing a customised suite of Innovation Metrics

Innovation is becoming more of a mainstream topic in Econ Dev - how do we measure it?

the old system was to count R&D spend and Patents.. this does give some indication of direction(in the same way that moss grows on the north side of trees in the Northern Hemisphere) but if there are in the city centre and the sun is not shining you still need a compass - or better still these days a GPS..
The following article give a useful perspective on measuing 'Innovation Metrics' as they are known..

http://www.strategos.com/articles/InnovationMetrics/InnovationMetrics.pdf