Are there distinct roles for market and government with regards to innovation? This question has been long debated, but new answers about their roles in promoting new knowledge, inventions and innovations are need in order to solve grand challenges facing society such as an aging population, personalized medicine, and environmental degradation. Innovation is required for economic growth and societal development but how to promote relevant knowledge and returns? On the one hand, when seen from the long-term perspective, innovation also almost always requires investment and actions by both public and private forces. On the other hand, when seen from the immediate perspective, business innovation is usually seen as reasonable returns to previous investments by firms. To tackle grand challenges, collaboration over innovations is core for societal progress. This panel discussion will provide new reflections over the core issue of innovation at the intersection of public and private forces.
Mariana Mazzucato is Professor in the Economics of Innovation and Public value at University College London (UCL) where she is founding director of the Institute for Innovation and Public Purpose (IIPP). She is author of the books The Entrepreneurial State (2013) and The Value of Everything (2018). Professor Mazzucato is often engaged as an international expert for policy intervention and active in promoting new views on science and innovation policy.
Maureen McKelvey is Professor in Industrial Management at University of Gothenburg, where she heads the GOT KIES network, associated with her Swedish Research Council’s Distinguished Professor Program on Knowledge-intensive Entrepreneurial Ecosystems. She was awarded the 1994 ISS Schumpeter Prize for her work. Professor McKelvey has published extensively in journals, government reports, and books about the development and use of knowledge at the interplay between innovation management and entrepreneurship with science and engineering.
Nathalie Lazaric is Research Professor at Université Côte d’Azur, CNRS GREDEG in France and Visiting Professor at the University of Gothenburg. She is currently the President of the European Association of Evolutionary Political Economy (EAEPE) and one of the editors of journal Review of Evolutionary Political Economy. Professor Lazaric has published numerous articles, around on sustainability, ecosystems, and routines to expand our understanding of innovation and entrepreneurship.