This is a revision presentation covering aspects of innovation in markets. A PDF version of the presentation designed as a handout can be downloaded here.

Drivers of innovation

Recession (necessity the mother of invention?)
Tax credits for R&D and lower corporation tax
Entrepreneurship – an “agent of innovation”
Creative clusters / external scale economies
Open Global Trade and Investment
Migration of skilled workers / diversity of pop
Investment in science & tech (human capital)
Decentralised management / willingness to take risks and survive failures
Protection of Intellectual Property so that returns from innovation can be commercialised
Horizontal co-operation between firms
Innovation and invention prizes

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