High-Tech Spaces define regional public-private partnerships as a binding, strategically oriented collaboration between regionally based stakeholders aimed at jointly developing high-performing innovation hubs:
- Common objectives: Public and private partners align their contributions with a coordinated regional innovation and development strategy.
- Binding shared responsibility: Public and private partners each assume substantial financial and substantive responsibility for implementation.
- Coordinated implementation: The partners jointly plan, prioritise and manage flagship projects and accompanying measures.
- Leverage effect: Public funds are designed to mobilise significant additional private investment.
- Structural development: The partnership aims to bring about a sustainable improvement in the framework conditions and innovation structures at the respective location.
- Long-term perspective: The collaboration is designed to be long-term and has a lasting impact on the regional innovation ecosystem.
No specific legal form is prescribed for the structure of the public-private partnership within the High-Tech Spaces initiative. The specific organisational and legal structure will be determined on a location-by-location basis and will depend on the respective circumstances, the constellation of stakeholders and the implementation requirements on the ground. What is crucial is the binding cooperation between the partners involved in order to achieve the defined strategic objectives.