Cases in Technological Entrepreneurship

Cases in Technological Entrepreneurship

Converting Ideas into Value

Edited by Claudio Petti

The book examines from different perspectives a number of fundamental issues in the process of transforming technological innovations into profits. Key cases and field insights from distinguished contributors show the role and the practices of government bodies, universities, private investors and companies within the transformation of new ideas into value, in start-ups as well as in incumbents. The book takes a systemic view of technological entrepreneurship, positioning the topic at the interface between entrepreneurial and strategic perspectives within the emergent strategic entrepreneurship field.

Chapter 2: The Role of Public Policies in Innovation Processes

Fabrizio Cobis

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

Extract

Fabrizio Cobis INTRODUCTION The role that governmental policies should play as regards the new and sometimes serious needs of the contemporary economy, which is increasingly ‘knowledge-driven’, has been deeply questioned in the last few years. The completely global dimensions of today’s economic dynamics force us to consider innovation as the real determining factor on which the competitiveness of a national economic system should be founded. Such competitive ability appears to be more and more structurally assured by a type of innovation which has its main engine in research, its characterizing element. The ability to produce knowledge, together with the ability to quickly transform that knowledge in economic value, and therefore to rapidly produce high level innovation, represents the key to economic growth and to the competitive success of a country. Moreover, the strong link between the role of knowledge in innovation and the global characteristics in economic dynamics must be underlined: technological knowledge and economic globalization appear to be mutually enabling factors. The more the economy becomes global, the more innovation plays a fundamental role; an overwhelming technological development yields to wider economic borders, in an endless swirling effect. THE ‘TRIPLE HELIX’ MODEL Within such a context innovative processes, conceptual schemes defining related dynamics, the action and nature of the involved partners, and their relationships are all aspects that have been going through a deep change. In 1945 Vannevar Bush, scientific advisor of American President Roosevelt, writing his report entitled ‘Science, the endless frontier’ theorized 26 The role of public...

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