Innovation is essential to our future prosperity. But policies to support innovation are failing us. They aren’t effective enough, they aren’t inclusive enough, and they are unfit to steer the economy through the next century and ensure future technologies benefit us all.
Our work helps governments and other decision makers support innovation for growth and for good. We believe in the importance of supporting innovation that drives economic growth, but also of directing innovation to society’s most important problems, shaping the application of new ideas and technologies in a way that benefits as many people as possible.
Innovation policies that are smarter, more inclusive and fit for the future.
We never work alone. We’ve worked extensively within the UK innovation system, and with partners in over 30 countries: the UK government, and the devolved administrations of Scotland, Wales and Northern Ireland; national governments in the UAE, Chile, Canada, India, Malaysia, Denmark, Netherlands, Australia and Finland; Innovate UK; Tech City UK; the European Commission; the OECD, the World Bank and the Inter-American Development Bank; Manchester, Oxford and Cambridge Universities; UK Research Councils; the Kauffman Foundation; Bloomberg Philanthropies; Pearson; Google; KPMG; the Lisbon Council; and 100%Open.
Nesta has always been a champion of innovation, but innovation policies are failing.
Innovation policies aren’t giving us the returns we need for the economy or society. We see this in low business investment in R&D, stagnant productivity growth and failed clusters. There is limited opportunity to benefit from, participate in and shape innovation.
We also have very little understanding of what policies are working, and, despite a pressing need to anticipate fast moving global innovation and technology trends, innovation policy is one of the least innovative areas of public policy.
There’s growing consensus of the need for systemic change, but limited understanding of how to achieve it.
More and better directed innovation is essential to our future prosperity, which is why we champion innovation policy that is smarter, more inclusive and fit for the future.
Download our PDF brochure about Our work in innovation policy
demonstrated how to support innovation in ways that are smarter, more inclusive and fit for the future.
We will have enabled governments to make smarter policy choices, and to better target innovation policy interventions by:
We will have demonstrated that innovation policy has an important role to play in creating prosperity and wellbeing for everyone by:
We will have helped policymakers to understand, test and implement new approaches so that governments are better able to support and shape emerging technologies, industries and global relationships for thriving economies and societies.
If you’d like to find out more about Nesta’s work in innovation policy, please contact us at: [email protected].