Economics - Innovation - Inclusive Growth - Public Purpose

Category Archives: Press Releases

Businesses should be rewarded for innovation

Businesses should be rewarded for innovation

The Open University Professor of the Economics of Innovation and FINNOV project coordinator Mariana Mazzucato said: “Financial markets are creating a very short-term set of goals, which is stifling innovation and creating huge problems for our economy. Rather than being rewarded for innovation, businesses are penalised.” more

More creative destruction – less destructive creation needed in 2010

More creative destruction – less destructive creation needed in 2010

For a truly innovative and growth oriented 2010, Professor Mazzucato suggests: • Investment in radical new products at an early stage (as practised by the National Institutes of Health in the USA) • Long-term funding instead of short-term profit taking • More risk taking to encourage truly innovative and beneficial results • More emphasis by… more