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The State of the Entrepreneurial State: Empirical Evidence of Mission-Led Innovation Projects around the Globe

In: Moonshots and the New Industrial Policy

Author

Listed:
  • Maral Batbaatar

    (Stockholm School of Economics
    The Ratio Institute)

  • Johan P. Larsson

    (The Ratio Institute
    University of Cambridge)

  • Christian Sandström

    (The Ratio Institute
    Jönköping International Business School)

  • Karl Wennberg

    (The Ratio Institute
    House of Governance and Public Policy (GaPP), Stockholm School of Economics)

Abstract

This chapter reviews theoretical rationales for mission-oriented innovation policy and provides an empirical overview of extant 28 papers and 49 cases on the topic. We synthetize varieties of mission formulations, actors involved, and characteristics of missions described as more or less failed or successful. Fifty-nine percent of the studied missions are still ongoing, 33 percent are considered successful, and 8 percent as failures. Sixty-seven percent of the studied missions have taken place in Europe, 24 percent in North America, and 8 percent in Asia. The majority of innovation projects referred to as missions do not fulfill the criteria defined by the OECD. Results suggest that missions related to technological or agricultural innovations are more often successful than broader types of missions aimed at social or ecological challenges. Challenges regarding the governance and evaluation of missions remain unresolved in the literature. We find no case that contains a cost-benefit analysis or takes opportunity cost into account.

Suggested Citation

  • Maral Batbaatar & Johan P. Larsson & Christian Sandström & Karl Wennberg, 2024. "The State of the Entrepreneurial State: Empirical Evidence of Mission-Led Innovation Projects around the Globe," International Studies in Entrepreneurship, in: Magnus Henrekson & Christian Sandström & Mikael Stenkula (ed.), Moonshots and the New Industrial Policy, pages 125-143, Springer.
    • Handle: RePEc:spr:inschp:978-3-031-49196-2_8
    DOI: 10.1007/978-3-031-49196-2_8
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