Handbook of Innovation Policy Impact

Handbook of Innovation Policy Impact

Eu-SPRI Forum on Science, Technology and Innovation Policy series

Edited by Jakob Edler, Paul Cunningham, Abdullah Gök and Philip Shapira

Innovation underpins competitiveness, is crucial to addressing societal challenges, and its support has become a major public policy goal. But what really works in innovation policy, and why? This Handbook, compiled by leading experts in the field, is the first comprehensive guide to understanding the logic and effects of innovation polices. The Handbook develops a conceptualisation and typology of innovation policies, presents meta-evaluations for 16 key innovation policy instruments and analyses evidence on policy-mix. For each policy instrument, underlying rationales and examples are presented, along with a critical analysis of the available impact evidence. Providing access to primary sources of impact analysis, the book offers an insightful assessment of innovation policy practice and its evaluation.

Chapter 16: The impact of technology foresight on innovation and innovation policy

Jennifer Cassingena Harper

Subjects: business and management, organisational innovation, economics and finance, economics of innovation, innovation and technology, economics of innovation, innovation policy, organisational innovation

Abstract

As a strategic tool, the impact of foresight on innovation performance is usually indirect, being realised by means of its effects on decisions about the overall innovation policy direction and other instruments. This chapter conceptualises the different ways in which foresight is used and reflects on the changing role of foresight over time. The heterogeneity of foresight contexts, rationales and applications is stressed. The experiences of a number of countries in Europe and worldwide which have undertaken national foresight activities related to innovation policy are reviewed. These show that foresight which specifically targets innovation policy can be designed to generate immediate impact on short-term decision making, and intermediate- and long-term impact through support for stakeholder learning and decision making on the direction of innovation. The more long-term these effects are, the harder they are to attribute. The impact of foresight on innovation policy depends on a clear understanding of the policy problem, on inclusion of the full variety of relevant key actors, on competent implementation teams, and on a transparent process and appropriate timing in the overall policy cycle.

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