Innovation Policies for Inclusive Growth

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This report looks at a variety of inclusive innovation initiatives and innovative products aimed at improving the welfare of lower-income and excluded groups, notably in terms of essential public services (education, infrastructure and health). It discusses the policy trade-offs between traditional innovation policies and a more inclusive innovation approach, and provides recommendations for aligning current policies. It also deals with the impacts of innovation and innovation policies on industrial and territorial inclusiveness, describing how information and communication technology (ICT) and technology diffusion may influence smaller firms’ chances of succeeding with their innovations.



Policies in support of inclusive innovation

The chapter discusses innovation policy approaches to support inclusive innovation, focusing on policy examples from China, Colombia, India, Indonesia and South Africa. It reviews the rationale for public support for inclusive innovations and outlines the adjustments required for policies to incorporate related obstacles. It then discusses co-operation challenges at the government level and beyond, providing examples of cases where they have been successfully addressed. It follows by examining how policy instruments can support inclusive innovations, notably through opportunities for accessing finance, knowledge and expertise. Finally, it highlights possible ways to improve financial opportunities for inclusive innovation, particularly through regulatory frameworks ensuring consumer safety without hindering private firms from providing health and education services.


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