WSJ: Public Policies to Encourage Innovation

Source: WSJ, Feb 2013

Innovation

2 ON MESSAGE Create an innovative national culture with top public officials sending the message that innovation is vital and failure acceptable. Establish the position of an innovation minister to champion these messages.

3 REWARD RESEARCH Promote scientific research and establish channels for linking it with business. Stimulate people to innovate on some of society’s biggest challenges by establishing national prizes for solving particular problems.

4 BUILDING BLOCKS  Invest in the basics of education and infrastructure so citizens have a solid foundation to be able to take risks and innovate.

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