Small Wins through Inducement Prizes: Introducing Challenge-Oriented Regional Prizes (CORP)

Arnault Morisson, Isabelle Liotard () and Valérie Revest ()
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Arnault Morisson: Institute of Geography [Bern] - UNIBE - Universität Bern = University of Bern = Université de Berne
Isabelle Liotard: CEPN - Centre d'Economie de l'Université Paris Nord - CNRS - Centre National de la Recherche Scientifique - Université Sorbonne Paris Nord
Valérie Revest: Iaelyon - Iaelyon School of Management - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon

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Abstract: There is an emerging consensus that innovation policies must be geared towards solving societal challenges. The policy complexity of the third generation of innovation policy (TGIP), however, puts less-developed European regions at risk of being left behind from this novel policy paradigm due to lower institutional and governance capacities. Building on the concept of a small wins strategy that focuses on small-scale and bottom-up initiatives that are guided by a shared mission to address wicked problems, the article's methodology uses expert interviews, examples of challenge prizes, and desk research to explore whether inducement prizes can potentially engage less-developed regions (LDRs) in TGIP to address place-based societal challenges through a small wins strategy. The article introduces the concept of a challenge-oriented regional prize (CORP) as a stepping-stone policy tool to engage LDRs in TGIP through a small wins strategy, namely regarding issues of directionality, legitimacy, responsibility, and strategic orientation. CORPs are, however, not a silver bullet policy tool for LDRs to engage in TGIPs due to their design and implementation constraints.

Keywords: inducement prizes; societal challenges; open innovation; regional policy; mission-oriented innovation policy (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ino and nep-sbm
Note: View the original document on HAL open archive server: https://hal.science/hal-03981968v1
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Published in Sustainability, 2023, 15 (4), pp.3240. ⟨10.3390/su15043240⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03981968

DOI: 10.3390/su15043240

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