From start-up to scale: This is how governments can accelerate innovation and build inclusive economies

Innovation is at the heart of economic growth and job creation. It can transform productivity and efficiency and address many of the world’s longstanding and emerging challenges, such as climate change, health, education and social inclusiveness.

Governments are trying to balance supporting entrepreneurship with ensuring people aren’t left behind. Alongside this, globalization and rapid technological advances have disrupted innovation pathways and hastened the pace of change.

All too often, promising new prototypes and products never make it to scale because of a lack of information, contacts and capital, according to a new report from the World Economic Forum: Policy Pathways for the New Economy–Shaping Economic Policy in the Fourth Industrial Revolution.

But some governments are developing new ways to identify and accelerate the scale-up of breakthrough innovation.The Forum’s white paper highlights three government-led initiatives that are helping innovators to thrive.

 
The European Innovation Council

The European Innovation Council has been given the task of turning Europe’s scientific discoveries into businesses that can scale up at speed. It focuses on providing financial and mentoring support to two types of innovators.

Συνέχεια ανάγνωσης εδώ: www.weforum.org