The Innovation Imperative

Contributing to Productivity, Growth and Well-Being

image of The Innovation Imperative

Well-timed and targeted innovation boosts productivity, increases economic growth and helps solve societal problems. But how can governments encourage more people to innovate more of the time? And how can government itself be more innovative?

The OECD Innovation Strategy provides a set of principles to spur innovation in people, firms and government. It takes an in-depth look at the scope of innovation and how it is changing, as well as where and how it is occurring, based on updated research and data.

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Knowledge creation, diffusion and commercialisation

Policies for innovation also require a strong and efficient system for knowledge creation and diffusion that engages in the systematic pursuit of fundamental knowledge, and that diffuses this knowledge throughout society through a range of mechanisms. This chapter reviews policies on: the science system, including the promotion of research excellence and the role of open science in increasing the economic and social returns to public investments in scientific research, as well as the role of international co-operation in science and technology; emerging practices in commercialising publicly funded research trends; policy issues relating to the interconnected themes of ICT, “big data” and the open Internet; the evolving relationship between IPRs and innovation; and the development and functioning of knowledge networks and markets.

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