"Changing how public value is imagined, practiced and evaluated to tackle societal challenges to achieve sustainable, inclusive and innovation-led growth."
With this mission at its core, UCL Institute for Innovation and Public Purpose (IIPP)'s research is based around four pillars:
Creating a new framework to understand and recognise where value is really created in economies, and where value is being extracted.
Using patient, strategic finance for sustainable, investment-led growth.
Steering scientific and technological advances to tackle societal challenges.
Creating an entrepreneurial state driven by public purpose.
Cutting across these pillars are the key IIPP themes of:
Co-shaping and co-creating
Markets can be shaped by purposeful policy making and by new collaborations between the state, business and civil society.
Missions and public purpose
Mission-oriented policy focuses on problem-specific societal challenges, which many different sectors interact to solve.
Capabilities and governance
We need to build capacity within the public sector to adapt to new ways of working to direct innovation.
New economic thinking
It has become clear that standard economic thinking is not fit to tackle the societal challenges facing the world. New theoretical and empirical approaches are needed to support better policy-making.
UCL Grand Challenges
Our work will focus on real world impact. We aim to make an ambitious contribution to the UCL Grand Challenges agenda, which brings together expertise from across the university with external partners, to address some of the most pressing problems facing human societies worldwide.