Public policy enables, steers and channels knowledge and innovation. Public policies and instruments in science, technology and innovation can reduce market and system failures, shape markets and help stimulate knowledge creation and innovation.
History has shown that it is often public funding that is used to support high risk research, leading to technological breakthroughs and nurturing new industries.
The Institute contributes to a better understanding of the role of the state in creating, maintaining and developing the conditions for science, technology and innovation. By fully understanding the policy process, we conceptualise and advance the understanding of the relationship between governance and funding arrangements on the one hand, and knowledge and innovation production on the other.