The conference works as an inter- and trans-disciplinary workshop. Its focus is generally on the key role of innovation in the knowledge society and its consequences for development at global, regional and local levels. Creation and dissemination of new knowledge, its commercialisation and human capital development have become crucial factors for economic development. Taking into account different models of socioeconomic development through history, a variety of patterns of production, application and commercialisation of knowledge emerge. One of the aspects we would like to discuss regards important role of institutions and the need for institutional change to enable innovation policy to be integrated effectively with other dimensions of public policy. Which institutions are the most important for these processes and how do they work in different societies and regions? We would like to explore and discuss different aspects of the role of institutions in the emergence and maintenance of innovation, taking into account different social contexts. Contributions dealing with other issues relating innovation with economic and social development are also welcome.