UCL Institute for Innovation and Public Purpose (IIPP) will work closely with policy-makers and business partners from around the world to explore public value driven innovation.
Leading investment management company Baillie Gifford donated £1 million to IIPP to support our core work including the Master in Public Administration (MPA) in Innovation, Public Purpose and Public Value which will focuses on building capacity to innovate in public purpose-driven organisations and IIPP's annual public lecture series. Thomas Coutts, partner at Ballie Gifford, said
"We are interested in rethinking capitalism and challenging mainstream economic belief—whose support owes more unquestioning faith than rigorous thought. We are delighted to support IIPP's work."
IIPP launched a lecture series in April 2018 on Rethinking Public Value and Public Purpose at the British Library. The series was be kicked off by IIPP Director Mariana Mazzucato and British Library CEO Roly Keating, followed by thought-leading speakers including leading architects and planners (Richard Rogers, Amande Levete, Lucy Musgrave, Dan Hill, Finn Williams), digital strategists and designers (Jeremy Till, Mike Bracken), artists and designers (Brian Eno, Jeremy Till,) economists and social scientists (Jayati Ghosh, Dan Sarewitz, Rainer Kattel).
Climate-KIC is one of the most high-profile voices in identifying and developing innovation that helps society mitigate and adapt to climate change. IIPP and Climate-KIC work together on projects based on ground-breaking, high-impact work on mission-oriented innovation, re-interpreting public value, and re-directing economies towards sustainable and inclusive green economic growth.
Commission for Mission Oriented Innovation and Industrial Strategy (MOIIS)
IIPP is hosting a new Commission to help the UK government address the four key challenges in its industrial strategy, through a mission-oriented approach. The first meeting of the commission was on 6 March 2018.
The Ford Foundation is a private foundation with the mission of advancing human welfare. IIPP will be working with the Ford Foundation on the future of work and ways of engaging workers, policymakers and employers to address the challenges of an evolving workplace. The project will look at the intersections between rethinking the state, active/directed innovation policy, and broad issues related to the ‘future of work’ with IIPP considering issues in both Europe and the USA. IIPP are interested in developing a framework that is more positive and directed than phrases like "just transition" suggests, with worker's labour market institutions at the table from the start, co-leading in the discussion about the jobs and employees of the future.
Mission Oriented Innovation Network (MOIN)
The Mission-Oriented Innovation Network brings together leading global policy-making institutions, to share the challenges and opportunities they face when trying to actively create and shape markets, not only fix them. Key to this activity is understanding how to create, nurture and measure public value.
Mo Ibrahim Foundation
IIPP is forming a partnership with the Mo Ibrahim Foundation on Mission-Oriented Innovation and Dynamic Capabilities in the Public Sector, and how African countries can develop and build such capabilities. IIPP Director Professor Mariana Mazzucato and Deputy Director Professor Rainer Kattel led a workshop on rethinking public service at the 2018 Ibrahim Governance Weekend in April 2018. Professor Mazzucato was also a panellist on Assessing the supply at the 2018 Ibrahim Forum on the theme of 'Public services in 21st century Africa'.
OECD and IIPP signed a Memorandum of Understanding in February 2019 to work closely to develop dynamic capabilities for mission-oriented public institutions and creating new policy toolkits that deliver public value. Angel Gurria, OECD Secretary-General, said,
"Joining the forces of the OECD and IIPP can create real synergies and help governments take the next step. Together, we can create tools and methods for policymakers that deliver a more inclusive and sustainable public value."
The Rockefeller Foundation's mission is to improve the well-being of humanity around the world. Rockefeller partners with IIPP on our Mission-Oriented Innovation Network (MOIN). The aim of MOIN is to develop a new policy toolkit to help transform public organisations to meet the challenges of the 21st century. Zia Khan, Vice President of Innovation at the Rockefeller Foundation said,
"This network will help all of us learn best practices in mission-oriented innovation from around the world, providing a creative platform for collaboration and learning-by-doing."
The Royal Society for the encouragement of the Arts, Manufactures and Commerce (RSA)
IIPP is collaborating with the RSA to develop a pilot project to explore how mission-oriented innovation policies can be applied in practice to at the city level. In August 2017, the RSA and IIPP co-hosted a retreat at the European Forum Alpbach Political Symposium to explore how the mission-oriented framework could be applied to a city-level green challenge.
UN Sustainable Development Solutions Network
IIPP and the UN Sustainable Development Solutions Network are collaborating around innovation and technology roadmapping for the Sustainable Development Goals (SDG). IIPP and SDSN held a scoping seminar at UCL in October, discussing the role of innovation in achieving the SDGs. Our first workshop was held on October 2017 at UCL.
Thirty Percy is a new philanthropic funding organisation which looks to fund researchers who are working towards research in the world’s wellbeing and future security. The project which IIPP has been funded to carry out involves addressing the issue excessive rent and value extraction from capitalist systems. This has lead to major societal issues such as the housing crisis in the UK and the global financial crisis of 2008. The project looks to promote the idea that change will only happen when rent becomes central once again to economic analysis. Modern national accounting, regulation and fiscal and monetary policy largely ignore the role of rent. This is at least in part due to mainstream economic theory viewing rent not as a fundamental dynamic of modern capitalist economies but as a temporary imperfection in an otherwise efficient market system which can be competed away through supply side reforms. The project will look to develop policy interventions that prevent excessive rent and value extraction with a view to making positive changes in the relevant markets and society as a whole.