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How novel is Transformative Innovation Policy?

Author

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  • Grillitsch, Markus

    (Lund University)

  • Hansen, Teis

    (Lund University)

  • Madsen, Stine

    (Lund University)

Abstract

The focus and instruments of innovation policy have changed fundamentally over the last decades. Recently transformative innovative policy has caught the attention of scholars and policy makers, arguing that this is a new shift in the policy discourse. Even though grand challenges such as global warming and migration flows, as well as technological change such as artificial intelligence and industry 4.0 have fired the debate on transformative innovation policies in recent years, it has a long history – even going back to Schumpeter. This book chapter unfolds the historical and conceptual roots of transformative innovation policy, compares critically the different strands of literature, and discusses important questions for future research.

Suggested Citation

  • Grillitsch, Markus & Hansen, Teis & Madsen, Stine, 2020. "How novel is Transformative Innovation Policy?," Papers in Innovation Studies 2020/8, Lund University, CIRCLE - Centre for Innovation Research.
    • Handle: RePEc:hhs:lucirc:2020_008
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    References listed on IDEAS

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    Cited by:

    1. Lisa Scordato & Markus M Bugge & Teis Hansen & Anne Tanner & Olav Wicken, 2022. "Walking the talk? Innovation policy approaches to unleash the transformative potentials of the Nordic bioeconomy [Derfor har vi brug for en national bioøkonomistrategi. By the Danish Agriculture & ," Science and Public Policy, Oxford University Press, vol. 49(2), pages 324-346.
    2. Ghazinoory, Sepehr & Nasri, Shohreh & Afshari-Mofrad, Masoud & Taghizadeh Moghadam, Negin, 2023. "National Innovation Biome (NIB): A novel conceptualization for innovation development at the national level," Technological Forecasting and Social Change, Elsevier, vol. 196(C).

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    More about this item

    Keywords

    Innovation policy; transformative innovation policy; mission-oriented innovation policy; innovation systems policy; system failures; transformative challenges;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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