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Startup-centric innovation policy

Startup-centric innovation policy

Seng, Julian (Jun Yuan) ORCID: 0000-0002-3899-5520 , Klingler-Vidra, Robyn, Chalmers, Adam and Pacheco Pardo, Ramon (2023) Startup-centric innovation policy. In: International Conference on Industrial Policy 2023 (ICIPo2023), 25th - 27th Aug, 2023, Bangkok, Thailand. (Unpublished)

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Governments around the world implement a variety of policy initiatives to promote startups in an effort to boost innovation and economic growth. Yet we lack a sufficiently focused definition of what, precisely, constitutes startup-centric innovation policy. This paper identifies four main attributes of startup-centric innovation policy as delineated in state-of-the-art literature, and then uses text-as-data techniques to test the appearance of these attributes in a global database of 298 policies from 192 countries. We find that startup-centric innovation policy: (i) targets firms that are up to five years old; (ii) does not necessarily focus on the technological frontier; (iii) targets wider entrepreneurial ecosystem actors, particularly accelerators, incubators, and universities; and (iv) uses instruments that strive to enhance economic, human, physical, and social capital. With our conceptualization of key attributes of startup-centric innovation policy, we strive to offer greater the analytical clarity around how this growing policy set fits within the broader industrial and innovation policy types. We also aim to offer policymakers actionable insight into how to operationalize startup-centric innovation policy.

Item Type: Conference or Conference Paper (Paper)
Uncontrolled Keywords: industrial policy
Subjects: H Social Sciences > H Social Sciences (General)
Faculty / School / Research Centre / Research Group: Faculty of Business
Last Modified: 03 May 2024 15:03

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