Zvi Griliches’s scientific contributions

... R&D-intensive local innovation systems can become 'innovation hotspots' with economies of scale and scope that attract R&D-active business enterprises and incentivize local universities to fully realize their innovation potential (WIPO, 2019). Local proximity effects may then arise because of research-intensive, innovative firms are agglomerating and clustering around such universities for reasons of cost-reduction and opportunities to benefit from R&D spillovers from the university or other business enterprises (Griliches, 1992;Jaffe, 1989). Increasing demand for connections into local universities from a growing population of innovative firms the concentration of high-technology industries may lead to a virtuous circle of university-business cooperation as has happened in the case of Stanford University and the San Francisco Bay area. ...

Reference:

Research Cooperation Between Universities and Local Firms: Comparing University Ecosystems in China and the USA