Sectoral innovation

Policy Profiles

New industrial policies

The Internet is an important driver of innovation and growth. It accelerates the diffusion of information, boosts communication efficiency, facilitates networking among firms, and reduces geographical distance. The eco-system of the digital economy is mainly composed of high-speed communications infrastructure, digital content and smart applications. Read more...

Cluster policy and smart specialisation

Clusters are a geographic concentration of firms, higher education and research institutions, and other public and private entities that facilitate collaboration on complementary economic activities. While some of the world’s leading clusters specialise in high-technology industries (e.g. Silicon Valley, Bangalore) they are also found in sectors ranging from wine making to automobiles to biotechnology. Read more...

Service innovation and non-technological innovation

In the face of lagging productivity and job creation, many OECD governments are looking for new sources of growth and have recognised the importance of services in this regard. Services already account for around 70% of gross domestic product (GDP) and most employment across the OECD. Services also contribute half or more of all the value added in total exports. Read more...

Innovation and the digital economy

Governments in many countries are increasingly aware of the importance of harnessing the benefits of the digital economy for innovation, growth and social prosperity. This awareness comes as the cost of data collection, storage and processing continues to decline dramatically and computing power increases, social and economic activities are increasingly migrating to the Internet. Read more...

Health Innovation for rare diseases

Is our therapeutic innovation system in sync with public health needs? Many factors affect the health of individuals and communities. Global, socioeconomic determinants such as income and social status, education, families and communities, food and nutrition, environment, life style, and health care services have led to an epidemiological transition, leading to reduced fertility, lower mortality and ageing of populations. Read more...

Innovation in the space economy

The space sector is experiencing a profound transformation that is being driven by developments both inside and outside the space domain. The utilisation of space applications is growing worldwide, and satellite signals and data play an increasingly pivotal role in the efficient functioning of societies and their economic development. Read more...

Innovation in the oceans economy

Interest has been growing in the huge potential offered by the future development of ocean-based industries. The many economic activities that make use of the ocean possess great potential for boosting economic growth, employment and innovation. The “ocean economy” is defined as the sum of the economic activities of ocean-based industries, together with the assets, goods and services of marine ecosystems. Read more...

Innovation in the bioeconomy

The bioeconomy encompasses industrial biotechnology, other modern biotechnologies, green chemistry, bio-based production and biomass production, and recent policy is aiming to develop the bioeconomy as part of the broader effort to achieve sustainability. However, the bioeconomy can mean more, e.g. pulp and paper production, even farming. How it is defined does make a difference. Read more...