Definition of cluster
A “cluster” is a geographically concentrated group of companies and institutions in a particular field. Their activities are closely related and complementary to each other, all contributing to the elevation of the productivity, innovation, and competitiveness of its members. The companies involved include upstream and downstream buyers as well as suppliers and producers. Institutions, on the other hand, are often financial services, research outfits and universities, trade associations and governments.
Example of the term ‘cluster’ in use
The Dutch flower cluster contains different establishments to ensure that it remains the world leader in the growing and selling of flowers. These establishments range from auction houses, flower growers, special equipment suppliers for growing and preserving flowers, specialised logistic companies, universities and research institutes, as well as specialised financial services and dedicated governmental agencies.