Facing Global Competition Through Participation in Globalization of Innovation Processes: The Case of Mechatronics District in the Veneto Region

The paper investigates the mechatronics industrial district of the Veneto region, key for Industry 4.0 and for pursuing development opportunities related to smart specialization strategies. It shows how firms of a local system can gain competitiveness from different modalities of participation to processes of globalization of innovation. Firms’ size matters when exploiting own innovation in the international markets, but it is not essential for linking to specific external knowledge sources which can sustain the injection of new knowledge into the system and help firms increase their innovation performances.