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Innovation Policies for Inclusive Growth

image of Innovation Policies for Inclusive Growth

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.

English

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Scaling up inclusive innovations

This chapter reviews the possible contributions of inclusive innovation, i.e. innovations that support the welfare and entrepreneurship opportunities of lower-income and excluded groups. It describes how several trends, ranging from the widespread uptake of mobile telephony to growing business interest in inclusive innovations, have created more favourable conditions for inclusive innovation. It explores the obstacles and market failures facing inclusive innovations across four dimensions: 1) the types and costs of inclusive innovations; 2) information about consumer needs; 3) access to expertise, knowledge and finance; and 4) market access conditions. Based on this description, it provides an overview of factors that facilitate scaling up inclusive innovations.

English

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