IIPP explores a new framework to better envision, justify, measure and assess public investments, working within an eco-system of public, private and third sector actors across the innovation chain.
About
We provide global leadership in bringing a missions approach to industrial, innovation and development strategies. Global challenges, such as those in the UN Sustainable Development Goals, can be broken down into concrete 'moonshots' - like plastic-free oceans of carbon-neutral cities - that require different sectors, actors and disciplines to innovate and collaborate. Fundamentally this requires redesigning policy instruments, such as procurement, to welcome bottom-up experimentation, risk-taking and exploration.
Policy implications
IIPP's work on mission-oriented innovation offers a fresh approach to questions such as:
How can governments get economies growing again, and in ways that serve society? What can they do to get firms investing again? What can they do about big societal problems, from managing ageing populations to tackling climate change? With renewed interest in the role of government in stimulating private sector growth, what should modern industrial strategy look like in this this context?
It focuses on the potential of mission-oriented, strategic public sector investment to catalyse economic activity, spark innovation, solve public problems, and lay the foundations for future economic growth.
Projects
Publications
- Working papers
- A framework for mission-oriented innovation policy roadmapping for the SDGs: The case of plastic-free oceans, Michal Miedzinski, Mariana Mazzucato and Paul Ekins
- Movements with missions make markets, Charles Leadbeater
- Mission-oriented innovation policy and dynamic capabilities in the public sector, Rainer Kattel and Mariana Mazzucato
- Mission-oriented Innovation Policy: Challenges and Opportunities, Mariana Mazzucato
- Policy
- A mission-oriented UK Industrial Strategy, MOIIS
- A mission-oriented framework for the Scottish National Investment Bank, Mariana Mazzucato and Laurie Macfarlane
- Mission-oriented research & innovation in the European Union, Mariana Mazzucato
- The Green New Deal: A bold mission-oriented approach, Mariana Mazzucato and Martha McPherson
- A mission-oriented vision for innovation-led economic growth, Mariana Mazzucato and George Dibb
- Articles
- Mazzucato, M; Penna, C; (2016) “Beyond market failures: the market creating and shaping roles of state investment banks”, Journal of Economic Policy Reform, 19(4): 305-326, SPRU working paper version
- Mazzucato, M; (2016) "From Market Fixing to Market-Creating: A new framework for innovation policy", Special Issue of Industry and Innovation: “Innovation Policy – can it make a difference?”, 23 (2)
- Mazzucato, M and Penna, C; (2015) "Mission-Oriented Finance for Innovation: New Ideas for Investment-Led Growth", Rowman & Littlefield, Book, ISBN 978-1-78348-495-9
Events
Funders