Mission-oriented innovation policies: challenges and opportunities

Abstract

This article focuses on the broader lessons from mission-oriented programs for innovation policyand indeed policies aimed at investment-led growth. While much has been written about case studies on missions, this has not resulted in an alternative policy making toolkit. Missions-in the leastrequire those tools to be just as much about market cocreating and market shaping, as they are about market fixing. The article reviews the characteristics of mission-oriented programs, ooks at key features of those programs that can provide lessons, and discusses how to choose and implement mission-oriented policies, with an example.