This book explores emerging topics in innovation policy for more inclusive and sustainable growth, building on concrete examples, and develops the notion of experimental innovation policy.

Table of Contents:
Foreword • Contributors • Acknowledgements • Abbreviations and acronyms Executive summary • Key findings • Key policy recommendations Chapter 1: Making innovation policy work: The benefits and lessons of experimental innovation policy Chapter 2: New open economy industrial policy: Making choices without picking winners • Examples of new industrial policy • Framework programmes that help scale up micro changes to the macro level • Contrasts with previous generations of industrial policy • Conclusion: Hayek meets List • Notes • References Chapter 3: “Bottom of the pyramid” innovation and pro-poor growth • The need for a pro-poor growth agenda • What do we mean by innovation? • In what way has innovation contributed to exclusive growth? • Why has innovation been exclusive? • A response to marginalisation: The rise (and fall) of the AT movement • The world is changing: Forces of disruption • Promoting pro-poor innovation: Market or state and policy implications • Notes • References Chapter 4: Innovation for the “base of the pyramid”: Developing a framework for policy experimentation • Definitions and rationale for BOP innovation • The changing sources of innovation and new challenges • The different categories of BOP innovation • BOP innovations and public goods • Relevant policy issues for BOP innovation • A framework for BOP innovation • China’s and India’s strategies for BOP innovation • Conclusion • Notes • References Chapter 5: Incubating the incubation cycle: Two approaches to promoting techno-entrepreneurship in weak institutional environments • Policy making as an endogenous process • Emergence of techno-entrepreneurship and its institutional infrastructure: Twin problems of critical mass • Incubation cycle and its stages • The traditional approach to the incubation cycle • Emerging proactive search approach: Initiation and institutionalisation of search networks • Illustration of the search approach: Creation of institutional infrastructure for venture funding • Conclusion • Notes • References Chapter 6: Supporting affordable biotechnology innovations: Learning from global collaboration and local experience • Policies to foster technology adaptation • Learning from performance measurement • Notes • References Chapter 7: Fostering innovation for green growth: Learning from policy experimentation • The role of innovation for green growth • The rationale for innovation policies in a green growth strategy • Policies for more radical green innovation • Toward increased global learning from policy experimentation • Notes • References Chapter 8: Making evaluations count: Toward more informed policy • What is evaluation? • The promise unfilled • Putting results to use • Increasing the prospect of utilisation • Using programme theory • Burden of proof: The attribution conundrum • Implications • Note • References Chapter 9: Scaling up and sustaining experimental innovation policies with limited resources: Peripheral Schumpeterian development agencies • Schumpeterian development agencies and rapid-innovation-based competition • Schumpeterian development agencies in small states • Constructing a portfolio of high-technology research projects in Finland • Israel’s ICT evolution • Conclusion • Notes • References Figures Figure 4.1 Towards a paradigm shift: Design locally, execute globally • Figure 5.1 India’s venture capital and private equity landscape: Skewed toward large and later stage investment deals. • Figure 5.2 The main stages of the commercialisation cycle • Figure 6.1 Components of accelerated technology adaptation • Figure 6.2 Collaboration supported by structured research protocols, 2012 • Figure 7.1 The innovation-science link in green technologies, 2000-09 • Figure 7.2 Patenting activity by young firms, 2007-09 • Figure 7.3 Motivations of firms introducing environmental innovations, 2006-08 • Figure 7.4 A tailored approach to energy technology policy • Figure 7.5 Financing of risky projects and clean-tech investments • Figure 7.6 Process of forward commitment procurement • Figure 8.1 Programme impact. • Figure 9.1 OCS total grants and repayments, 1990-99 • Figure 9.2 OCS budget, 2000-11 Tables Table 2.1 Generations of industrial policy • Table 3.1 Gross domestic product (GDP) growth rates and numbers living below MDG 1, 1990-2008 • Table 4.1 Number of poor and world poverty rates, 1981-2005 • Table 4.2 BOP innovation: Then and now • Table 4.3 Main actors and stages of innovation • Table 4.4 Actors, their key interests, and possible policy interventions • Table 4.5 Policy instruments for private and public BOP innovations • Table 4.6 BOP innovation: Emerging policy agendas and institutional benchmarks • Table 4.7 Converging trajectories of BOP efforts in India and China • Table 5.1 Two approaches to promoting techno-entrepreneurship • Table 6.1 SBIRI applications and approvals • Table 6.2 BIPP applications and approvals (as of 1 August 2011) • Table 7.1 Policies to foster green innovation and their application in emerging and developing countries Boxes Box 2.1 Example of a framework programme: The Irish National Linkage Programme • Box 5.1 New approaches for upgrading technology transfer and commercialisation in Portugal and Mexico • Box 5.2 Example of the search approach: A private management company co-ordinates all stages of the incubation cycle • Box 5.3 Proactive approach to incubation in the Middle East: Oasis500 • Box 5.4 Institutionalising pre-incubation • Box 5.5 Manchester’s horizontal networks • Box 6.1 An example of translational validation • Box 6.2 Examples of global consortia • Box 6.3 Funding structure ofSBIRI • Box 6.4 SBIRI case studies • Box 6.5 Funding structure of BIPP • Box 6.6 BIPP case studies • Box 7.1 Prize funds as incentives for breakthrough technologies