Policy intervention on innovative entrepreneurship
- Where can public intervention be most effective in support of innovative entrepreneurship? (see Policy rationales and objectives for innovative entrepreneurship [1])
- What instruments can governments use to achieve the policy objectives they have set?( see Supply-side policy instruments for innovative entrepreneurship [2], Demand-side policy instruments for innovative entrepreneurship [3] , Connectivity policy instruments for innovative entrepreneurship [4] , and Provision of knowledge services [5] )
- How can governments ensure efficient coordination between the various actors involved in innovative entrepreneurship policy? (see Policy-making contexts for innovative entrepreneurship [6] and Institutional governance [7])
- How can governments achieve coherence and balance in policy portfolio? How can they avoid inconsistencies and redundancies between individual instruments and create synergies between them? (see Policy-making contexts for innovative entrepreneurship [6] and Strategy and policy coherence [8])
- What policy capacities and resources are needed to achieve policy objectives? (see Policy-making contexts for innovative entrepreneurship [6])
The main policy approaches to address challenges associated to policy intervention for innovative entrepreneurship deal with:
- Ensuring the coherence of policies in support of innovative entrepreneurship.
- Involving various stakeholders, such as innovative entrepreneurs, in the policy process for wider impacts.
- Ensuring co-ordination between the local, regional and national levels at different stages of the policy cycle and with other policies of the policy portfolio.
- Adapting the policy portfolio to country specific characteristics, as well as small/new ventures’ characteristics.
- Developing expertise and integrating new competencies within the public administration, to adapt to policy needs and instruments (e.g. skills for innovation- and small businesses-oriented procurement).
- Using external competencies and expertise when necessary (e.g. using external experts to evaluate grant applications).
- Integrating evaluation into the policy process (including policy definition, implementation and improvement) by adopting a comprehensive approach to evaluation and taking into account interaction between policies.
- OECD (2012), OECD Science, Technology and Industry Outlook 2012, OECD Publishing, Paris. http://dx.doi.org/10.1787/sti_outlook-2012-en [10]
- OECD (2011), Business Innovation Policies: Selected Country Comparisons, OECD Publishing, Paris. http://dx.doi.org/10.1787/9789264115668-en [11]
- OECD (2010), SMEs, Entrepreneurship and Innovation, OECD Studies on SMEs and Entrepreneurship, OECD Publishing, Paris. http://dx.doi.org/10.1787/9789264080355-en [12]