Regional Innovation NetworksExpanding the Value Network Analysis (VNA) (Allee 2008) method to assess large-scale networks and Intellectual Capital formation at the level of networks and regions requires finding good sources of data and determining intangible asset indicators that can reasonably be linked to value network patterns. Methodology -- The applied method includes several different elements, including VNA. Information about participating organizations is gathered using web surveys, interviews, and online research. All gathered information about the organizations and the networks they operate in are consolidated into a single database structured in accordance with a value network data model. The data is then subjected to data mining methods in order to discover stable patterns of value conversion that represent the way work is done in the relevant context. Involved organizations are then categorized based on maturity and supportability in respect to value conversion capability. This step then allows for comparing individual organizations and their own specific networks among each other in order to identify best practice approaches, while at the same time leading to specific interventions necessary on a tactical level to nurture individual networks towards higher performance.ValueNetworks.comVNC_fc9b71b2-0bf6-11e5-9e1b-a3b1363d1fb3_36652646-0c87-11e5-8e76-215b363d1fb3To understand how a regional innovation value network is "activated" in different stages of innovation._366527ea-0c87-11e5-8e76-215b363d1fb3InnovationFrom a value network perspective an innovation system can be defined as the system of organizations, individuals, and rules and regulations within which the creation, dissemination, and innovative exploitation of technology and other branches of knowledge take place. When the interaction between the different players works well, then new, valuable knowledge is generated which is quickly put to practical use by commercialization or other implementation. This creates the foundation for innovations and attracts investments.RegionsTraditional approaches to regional innovation focus primarily on the material inputs into a region, such as finance - and material outputs of the region, an example being the number of patents generated. But innovation within a region is not a mechanistic process - it is a network activity.Self EvaluationValue Network Analysis is part of a self evaluation of the innovation strength of a given region. Collective Sense MakingTherefore VNA works best in combination with a systemic meeting approach to engage in collective sense making and strategy development with the regional stakeholders and participants in the relevant value networks. StrategyGovernanceSuch an approach has been employed with great success in the Skane Region in Sweden where a series of systemic meetings are part of the self evaluation effort and are also part of developing an innovation governance function. (Skane 2009, Daal et al 2009)Regional InnovationEvaluate regional innovation with a value network perspective_3665289e-0c87-11e5-8e76-215b363d1fb3The basic goal of this approach is to better understand how a regional innovation value network is "activated" in different stages of innovation. Some organizations may be involved in multiple roles, and even though they may be active in more than one stage their roles may be different in different stages.Capacity & EffectivenessProvide an expanded foundation for assessing regional innovation capacity and the effectiveness of the regional innovation system._36652952-0c87-11e5-8e76-215b363d1fb31IndicatorsDevelop value network indicators to assess the health and vitality of regional innovation systems and to link innovation system behaviors to regional economic and Intellectual Capital (IC) indicators._36652a10-0c87-11e5-8e76-215b363d1fb32Visual LanguageProvide a powerful visual language_36652aba-0c87-11e5-8e76-215b363d1fb33Stakeholder EngagementEngage critical stakeholders_36652b64-0c87-11e5-8e76-215b363d1fb33.1ConnectionsFoster connective tissue_36652c18-0c87-11e5-8e76-215b363d1fb33.2CapacityImprove innovation capacity at the regional level._36652ccc-0c87-11e5-8e76-215b363d1fb33.3Monitoring & EvaluationDefine the requirements for continuous monitoring and evaluation of regional innovation value networks._36652d80-0c87-11e5-8e76-215b363d1fb342015-06-06http://valuenetworksandcollaboration.com/cases/regionalinnovation.htmlOwenAmburOwen.Ambur@verizon.net