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The Evolution of Innovation Policy: Two Promising Directions for Tackling Societal Challenges

Isabelle Liotard et al.

Journal of Innovation Economics2025https://doi.org/10.3917/e.jie.048.0001article
AJG 1ABDC C
Weight
0.50

What the paper says

This article explores how public innovation policies can address today's Grand Challenges -complex societal and environmental problems such as climate change and AI transformation.It presents two approaches: mission-oriented policies and local, procedural "small-wins" strategies.Missionoriented innovation policies emphasize proactive state involvement in steering large-scale transformations, as seen in ecological and AI-focused initiatives in Europe and France.These policies aim to shape markets and foster long-term technological breakthroughs.In contrast, small-wins strategies prioritize localized, iterative innovations driven by stakeholder engagement, flexibility, and experimentation.While mission-oriented policies set broad national directions, small-wins initiatives offer bottom-up, adaptive responses tailored to specific contexts.The article argues for a complementary use of both approaches to foster sustainable and inclusive innovation.

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https://doi.org/https://doi.org/10.3917/e.jie.048.0001

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@article{isabelle2025,
  title        = {{The Evolution of Innovation Policy: Two Promising Directions for Tackling Societal Challenges}},
  author       = {Isabelle Liotard et al.},
  journal      = {Journal of Innovation Economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.3917/e.jie.048.0001},
}

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The Evolution of Innovation Policy: Two Promising Directions for Tackling Societal Challenges

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.