University College London Institute for Innovation and Public Purpose, August 2019
This report was funded by Innovate UK, part of UK Research and Innovation, for a research project undertaken by the IIPP and UCL Institute for Sustainable Resources. It introduces a new theoretical framework for understanding the links between fiscal policy and innovation, arguing that ‘mission-oriented’ innovation policy, which focuses on concrete societal problems that can only be solved by multiple sectors interacting in new ways, can generate very large economic returns—so called ‘supermultiplier’ impacts.
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