INNOGEN is the ESRC Centre for Social and Economic Research on Innovation in Genomics, for which Professor Mazzucato is the Economics Director. Formed in October 2002, it is part of the ESRC Genomics Network studying the evolution of genomics and life sciences and their far-reaching social and economic implications. The life sciences have the potential to transform health care and food production in developed and developing countries and to provide key platforms for economic growth and global competitiveness in the 21st century. Rapid developments in life sciences also challenge our existing regulatory systems and raise new ethical and social issues. Innogen’s research will provide a sound base for decision-making in science, industry, policy and public arenas and will improve our understanding of these groups and their interactions.