How does innovation policy respond to the challenges of a changing world?

(Press-News.org) Researchers from the University of Vaasa, Finland, and Kent Business School, UK, have gathered insights on innovation policy, its current status and future perspectives in their new book “The Evolving Innovation Space”. The book offers research-based insights on how innovation can best be used to drive economic change and to find solutions to global problems.

– In a changing world, where geopolitical tensions are rising and artificial intelligence is gaining ground, innovation policy must also be reconsidered from new perspectives, says Helka Kalliomäki, one of the editors. 

With digital tools and platforms, the role of individuals, communities, and households as innovators has grown, making innovation activities more democratic. Innovation processes are no longer confined within companies, and this must be taken into account in innovation policy and its evaluation. 

The book explores the current landscape of innovation, as well as new trends and future prospects in innovation policy. Case studies illustrate the transformative power and dynamics of innovations in various fields. 

The book examines innovation activities broadly: from the perspectives of products, processes, systems, marketing, organization, roles, relationships, norms, values, and practices. 

The book is edited by Senior Advisor Jari Kuusisto, Vice-Rector Martin Meyer, Senior Specialist Leena Kunttu, and Associate Professor Helka Kalliomäki from the University of Vaasa, as well as Professor Stephen Flowers from Kent Business School. The book is based on the ELVIS - Evolving Innovation Space, RDI Policies and Impact Evaluation research project, funded by Business Finland. The book launch event was held on 10 February in Helsinki.

END