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Regions and Innovation Policy

image of Regions and Innovation Policy

Regions and Innovation Policy addresses the needs of national and regional governments for greater clarity on how to strengthen the innovation capacity of regions. The first part of the book examines strategies, policies and governance, explaining why regions matter, what makes smart policy mixes, and multilevel governance.  The second part of the book looks at agencies, instruments and country information, showing how agencis can maximize their impact and what policy instruments work. The final chapter provides country-by-country summaries of what countries are doing.

 

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Conclusions and policy advice

Several key issues arise from the previous chapters that frame the role for regions and innovation policy. Among the most prominent are: i) the diversity of innovation strategies; ii) the fact that innovation goes beyond R&D; iii) the mismatch between functional regions and administrative borders; and iv) the generally shared governance for innovation policy across levels of government. Advice for policy makers encourages regions to be agents of change that develop a clear vision and strategic framework for innovation-driven regional development. To do so, regions should design a smart policy mix that builds on regional assets and brings together a portfolio from different policy areas. To implement this vision, more flexible governance mechanisms are required, supported by policy learning, better metrics and evidence-based experimentation.

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