Why are we doing this?
Despite the importance of innovation and high-growth entrepreneurship for economic growth, there are still many open questions on the best approaches to support them. There is a need to experiment with new approaches and, crucially, learn what works.
While there are many methods to generate evidence, randomised controlled trials (RCTs) have been particularly underutilised in the area of innovation and high-growth entrepreneurship, in comparison to other fields such as development, health, education or social policy. Creative Credits, Nesta’s innovation vouchers RCT, is one of the very few examples of randomised evaluation of innovation support schemes, and shows both the feasibility and the benefit of using RCTs in this domain.
The Innovation Growth Lab (IGL) is a new international collaboration that wants to contribute to fill this gap, by increasing the use of experiments (in particular RCTs) to build the evidence base on the most effective approaches to increase innovation, support high-growth entrepreneurship, and accelerate business growth.
What are we doing?
IGL aims to enable, support, undertake and disseminate high-impact research that improves the design of the processes, programmes and institutions that help to make our economies more innovative and entrepreneurial.
Together with our partners from around the world, we have set up a global laboratory for innovation and growth policy, bringing together researchers, governments, non-profit organisations and innovative companies.
Want to know more?
If you are interested in getting involved, as a partner, research network member, by running a trial or applying for the IGL Grants programme, or simply want to learn more about what we do, please visit the IGL website for more information.