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UCL Institute for Innovation and Public Purpose

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Mission-oriented innovation

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.


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