Economics - Innovation - Inclusive Growth - Public Purpose

INNOVATION POLICY

Key Questions

  • What kind of finance and funding is needed for a mission-oriented innovation policy?
  • How can citizens and civil society contribute to the development and setting of grand challenges and missions?
  • What governance structures, institutions and leadership do we need to deliver mission-oriented innovation?

Related Innovation Policy Projects

A mission oriented approach to European Commission innovation policy

A mission oriented approach to European Commission innovation policy

The European Commission have announced that Professor Mazzucato’s ‘missions’ will be at the core of ambitious new €100bn EU proposal. Known as ‘Horizon Europe’, the proposal aims to keep the EU at the forefront of global research and innovation, building on the success of the previous programme, Horizon 2020. Mariana’s vision, entitled “Mission-Oriented Research & Innovation in the European Union – A problem-solving approach to fuel innovation-led growth”, sets out how these missions can give purpose to innovation policy and drive citizen engagement in research and development. Mazzucato’s missions aim to inspire people by solving some of the biggest challenges society faces, from climate change to inequality, driving collaboration across different industries and bodies in both private and public sectors. Missions are more concrete than broad challenges, in that they have clear time-bound targets where the question ‘did we reach the mission?’ can be answered yes or no. They require what Mazzucato calls a ‘market-shaping’ framework rather than the more traditional and passive ‘market-fixing’ one that mainstream economists are wedded to.

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