Clusters support economic development through the specialization of regions in activities within which companies can achieve higher productivity through accessing external economies of scale or other comparative advantages
Industries participating in a strong cluster register higher employment growth as well as greater expansion rates and higher numbers and patents
Clusters reduce the cost of production and the cost of exchange by strengthening trading relationships and the transparency of local input and output markets
Local knowledge spillovers: related local discoveries can simultaneously enhance the knowledge base of multiple local firms
Qualitative studies of clusters emphasize the central role of specialized local R&D institutions, test facilities etc.
Cluster activities promote enterprise investments in innovations such as single R&D projects, business-research collaboration and business-to-business collaboration.
A cluster organization strengthens collaboration within the cluster and facilitates e.g. information exchange, training and seminars, joint corporation projects, marketing and public relations, as well as internationalization
The cluster organization facilitates access to demand, skills or suppliers within the cluster or neighboring clusters and thereby enhances the natural, positive spillover effects in the cluster
Cluster programs are an integral part of an effective innovation policy at regional as well as national level, and cluster organizations are essential for the execution of cluster policies
A key role of the cluster facilitator is to determine what action is necessary for increasing the prosperity of the cluster