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Tomorrow’s innovation policy

  • Massimiliano Granieri
  • Andrea Renda
Part of the Sxi — Springer for Innovation / Sxi — Springer per l’Innovazione book series (SXIINNO)

Abstract

This chapter concludes our analysis of European innovation policy by offering our diagnosis and prognosis. We argue that when it comes to innovation policy, quality is as important as quantity, and the EU has excelled mostly in the latter rather than the former. At the same time, EU innovation policy needs yet another redesign, this time aimed at making it more up-to-date, demand-driven, effective and simple than it is today, in order to avoid the current sub-additivity of current interventions and offer European entrepreneurs a real facilitating context in which to conceive, share, develop, implement and market their ideas. We also argue that Europe’s innovation policy is weak because its fundamental building blocks are fragile. We thus propose a layered model of EU innovation policy. Furthermore, we believe that innovation should become a more pervasive concept in EU policies. European legislation affects the life of an entrepreneur in many ways, also beyond the domains of research and innovation; deeply embedding innovation in the policymaking process of the European Union and member states is likely to boost European recovery in the years to come more than any purely innovation-related reform.

Keywords

Venture Capital Innovation Policy Legal Rule Public Procurement Grand Challenge 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Italia 2012

Authors and Affiliations

  • Massimiliano Granieri
    • 1
  • Andrea Renda
    • 2
  1. 1.Department of LawUniversity of FoggiaFoggiaItaly
  2. 2.Department of ManagementLUISS Guido CarliRomeItaly

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