Policies of related variety in practice: the case Innovation Session Method

Abstract

The article describes the foundations of related-variety policies in practice, delineating the roles that related variety and fruitful distances may play in innovation policy. The main focus is on methods of managing related variety. Three types of regional collaboration and renewal processes are identified. By presenting empirical research on the Innovation Session Method developed in the Lahti region of Finland, the article provides insights into the practical implementation of innovation policy based on related variety. This study finds that Innovation Sessions appear to function quite well in the related-variety context, serving as a practical implementation of innovation policy that is in transition. The role of an optimal combination of distances is highlighted. This study contributes to the development of effective methods for innovation policy.