The Medici Effect has become a “go to” text for leaders in economic development, and has been used to stimulate economic growth and change everywhere from Silicon Valley to Nigeria, Sweden, and Australia. In Trinidad & Tobago, my firm worked with the Caribbean Industrial Research Institute, the International Financial Centre, and the Ministry of Planning to catalyze the local economy, which grew by more than 40% during this time.
In 2015, I advised the EU's Commission on Science, Research, and Development on how to boost innovation. What I did not know at the time was that The Medici Effect had already been incorporated as a key feature of The Dublin Declaration, a framework for creating and growing the EU’s Innovation Ecosystem. What’s more, the Swedish government created Research Institutes of Sweden (RiSE) by bringing together the country's leading research institutes to unleash The Medici Effect.
IMAGE: Samuel Beckett Bridge, Dublin, Ireland