Principle 5: Cultivate new ideas
• In Malmö, the city built a new university to focus on science, technology and engineering . • The city also offered itself as a test bed for emerging technologies and ideas , making it today 4th highest in patent applications per capita. Post the steel industry collapse in Pittsburgh, the Mayor worked closely with major universities to attract world leading academics and researchers. Today these institutions receive almost USD 1.5 billion a year in private and public R&D funding
1 Attract young wealth creators
2 Undergo constant physical renewal
3 Define city identity
4 Connect to other cities
5 Cultivate new ideas
6 Stimulate investment
Songdo has been designed to be the new research and development capital of Asia. The new physical city has been designed to provide every amenity new young wealth creators would need.
7 Develop strong leadership
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