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The choice of innovation policy instruments

TLDR
In this paper, the authors discuss the different types of instruments of innovation policy, examine how governments and public agencies in different countries and different times have used these instruments differently, explore the political nature of instrument choice and design, and elaborate a set of criteria for the selection and design of the instruments in relation to the formulation of the innovation policy.
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This article is published in Technological Forecasting and Social Change.The article was published on 2013-10-01 and is currently open access. It has received 491 citations till now. The article focuses on the topics: Innovation system & Policy mix.

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Journal ArticleDOI

Policy mixes for sustainability transitions: An extended concept and framework for analysis

TL;DR: In this article, the authors take a first step towards an extended, interdisciplinary policy mix concept based on a review of the bodies of literature on innovation studies, environmental economics and policy analysis.
Journal ArticleDOI

Creative destruction or mere niche support? Innovation policy mixes for sustainability transitions

TL;DR: In this paper, the concept of "motors of creative destruction" is introduced to expand innovation and technology policy debates to go beyond policy mixes consisting of technology push and demand pull instruments, and to consider a wider range of policy instruments combined in a suitable mix which may contribute to sustainability transitions.

Entrepreneurial ecosystems and growth oriented entrepreneurship

Colin Mason, +1 more
TL;DR: In this article, the authors focus on the entrepreneurial actors within an ecosystem, focusing on the following: the entrepreneurial actor within the ecosystem; the resource providers within the economy; entrepreneurial connectors within the entrepreneurial ecosystem and the entrepreneurial environment of the ecosystem.
Journal ArticleDOI

Innovation indicators throughout the innovation process: An extensive literature analysis

TL;DR: In this article, a review article analyzes scientific publications on innovation indicators published between 1980 and 2015 and identifies 82 unique indicators to evaluate innovations including 26 indicators for the early stages of the innovation process.
Journal ArticleDOI

Innovation policy: What, why, and how

TL;DR: In the last two to three decades policy-makers have increasingly became concerned about the role of innovation for economic performance and, more recently, for the solution of challenges that arise (such as the climate challenge) as discussed by the authors.
References
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Book

The tools of government : a guide to the new governance

TL;DR: Salamon as mentioned in this paper introduced the New Governance and the Tools of Public Action: An Introduction and the Conclusion and Implications, and the tools approach and the new Governance: Conclusion and -- Implications I LesterM. Salamon.
BookDOI

Systems of innovation perspectives and challenges

TL;DR: In this paper, the authors have formulated the functions, constituents, activities, factors and boundaries of the system of innovation for better policy formulation and application in practice, by assessing closely the existing work on systems of innovation and by going beyond the current literature.
Book

The Tools of Government

Journal ArticleDOI

Reconceptualising the 'policy mix' for innovation

TL;DR: The authors argue that the emergence of the "policy mix" concept into common use in the field of innovation policy studies provides a window of opportunity to reconsider some basic and often hidden assumptions in order to better deal with a messy and complex, multi-level, mult-actor reality.
Journal ArticleDOI

The rise of systemic instruments in innovation policy

TL;DR: In this article, the authors identify five functions that play crucial roles in the management of present-day innovation processes: (1) management of interfaces, (2) (de-)construction and organizing (innovation) systems, (3) providing a platform for learning and experimenting, (4) providing an infrastructure for strategic intelligence and stimulating demand articulation, strategy and vision development.
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Frequently Asked Questions (13)
Q1. What have the authors contributed in "The choice of innovation policy instruments" ?

The purpose of this article is to discuss the different types of instruments of innovation policy, to examine how governments and public agencies in different countries and different times have used these instruments differently, to explore the political nature of instrument choice and design ( and associated issues ), and to elaborate a set of criteria for the selection and design of the instruments in relation to the formulation of innovation policy. The article argues that innovation policy instruments must be designed and combined into mixes in ways that address the problems of the innovation system. 

The strong contextual nature of the choice and specification of policy instruments is a crucial aspect in the design and use of policy tools 

One of the most recent examples of strong popular contestation and adversarial party politics during the phase of formulation of innovation policy instruments is the proposal for a directive on software patents in the European Union. 

When looking at the then different activities in an innovation system, a relevant issue is to analyze is the appropriate balance between demand-side innovation policy instruments and supply side instruments, mentioned in section 4. 

In order to be able to design innovation policy instruments to mitigate the problems identified, it is also necessary to know the most important causes of the problems identified. 

Innovation indicators come typically from a variety of9regular statistical series at national and international levels (the most famous set of international indicators is based on the ‘Oslo manual’ and the OECD’s own statistical series), or from innovation surveys, which provide more detailed and firm-based data about innovation trends. 

Concentrating only on R&D and financing may lead - or rather, actually leads to - a linear supply-push view on the innovation process and innovation policy. 

These three countries targeted specific goals for developing physical infrastructures, invested in education, deregulated markets (notably Telecommunications) and paid special attention to small and medium size companies, as the engines of ICT sector economic growth. 

The most widely used, and perhaps the most influential, sources of information for the identification of problems in the innovation system are innovation indicators. 

If there is lack of demand for certain product innovations, then a specific set of demand-side instruments such as public procurement for innovation and specific regulations can be used in an instrument mix that targets that specific problem. 

7A second source of information for innovation policy-making is foresight exercises, which produce expert-based analyses of future trends in specific technological fields. 

but not least, another example of an extensively used source of information in innovation policy-making these days is independent expert assessment of innovation policy performance (e.g. evaluation of policies), which is typically done in national contexts. 

These instruments are very diverse, but generally based on persuasion, on the mutual exchange of information among actors, and on less hierarchical forms of cooperation between the public and the private actors.