Governments around the world are looking for new ways to nurture innovative businesses, in an effort to solve a range of pressing economic and societal challenges. However, they face many challenges in designing organisations that can help to deliver these objectives.
For every big success story – such as the Taiwanese government’s concerted investment in the development of the technologies that helped the country’s semiconductor industry grow to produce 40% of the country’s exports – there are many more stories of failure. And we still don’t know enough about what kinds of funding and other support are likely to be most effective in different circumstances.
