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Mission-orientated innovation policy and dynamic capabilities in the public sector

Mazzucato, M; Kattel, R; (2018) Mission-orientated innovation policy and dynamic capabilities in the public sector. Industrial and Corporate Change , 27 (5) pp. 787-801. 10.1093/icc/dty032. Green open access

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Abstract

This article contextualizes the reemergence of mission-oriented innovation policies in the broader search for a new type of innovation policies—and the appropriate organizational forms—that can tackle “grand societal challenges,” and focuses on our knowledge gaps in designing and implementing such innovation policies. We identify the concept and practice of dynamic capabilities in the public sector as perhaps the key missing element in the search for the new generation of innovation policies. We offer a brief conceptual and historical overview of what constitutes mission-oriented policies, focusing on two key elements of missions: coordinated public investments and market-shaping policies to “crowd in” private and third sector experimentation and innovation. The article concludes by briefly discussing the central public sector dynamic capabilities for 21st-century missions.

Type: Article
Title: Mission-orientated innovation policy and dynamic capabilities in the public sector
Open access status: An open access version is available from UCL Discovery
DOI: 10.1093/icc/dty032
Publisher version: https://doi.org/10.1093/icc/dty032
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Inst for Innovation and Public Purpose
URI: https://discovery.ucl.ac.uk/id/eprint/10063704
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