The State of the Entrepreneurial State: Empirical Evidence of Mission-Led Innovation Projects around the Globe

Maral Batbaatar, Johan P. Larsson (), Christian Sandström () and Karl Wennberg ()
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Maral Batbaatar: Stockholm School of Economics
Johan P. Larsson: The Ratio Institute
Christian Sandström: The Ratio Institute
Karl Wennberg: The Ratio Institute

A chapter in Moonshots and the New Industrial Policy, 2024, pp 125-143 from Springer

Abstract: Abstract This chapter reviews theoretical rationales for mission-oriented innovation policy and provides an empirical overview of extant 28 papers and 49 cases on the topic. We synthetize varieties of mission formulations, actors involved, and characteristics of missions described as more or less failed or successful. Fifty-nine percent of the studied missions are still ongoing, 33 percent are considered successful, and 8 percent as failures. Sixty-seven percent of the studied missions have taken place in Europe, 24 percent in North America, and 8 percent in Asia. The majority of innovation projects referred to as missions do not fulfill the criteria defined by the OECD. Results suggest that missions related to technological or agricultural innovations are more often successful than broader types of missions aimed at social or ecological challenges. Challenges regarding the governance and evaluation of missions remain unresolved in the literature. We find no case that contains a cost-benefit analysis or takes opportunity cost into account.

Keywords: Innovation; Government agencies; Mission-oriented policies; Grand societal challenges; H11; H50; L26; L52; O32 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:inschp:978-3-031-49196-2_8

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DOI: 10.1007/978-3-031-49196-2_8

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