Key policies to encourage innovation. How the institutional setting has to be formulated to encourage innovation?

Organizer

UNDP

Moderator

  • Leire Pajin, former Minister, Director, International Development, ISGlobal Barcelona Institute for Global Health, Spain

Panelists

  • Karen Maguire, Counsellor in the Regional Development Policy Division and Project Manager for Regional Development and Innovation Regional Development Policy, Organisation for Economic Co-operation and Development (OECD)
  • Selin Arslanhan Memis, Director of Center for Biotechnology Policy, Economic Policy Research Foundation (TEPAV), Turkey
  • Madlen Serban, Director of European Training Foundation (ETF)
  • Mariela Fodde, Director of Social Economy and Employment Integration (DINESIL), Ministry of Social Development, Uruguay
  • Cecilia Miranda, Technical Analyst of Serviço Brasileiro de Apoio às Micro e Pequenas Empresas (SEBRAE), Brasil
  • Shannon Joseph, Senior Manager, Research and Development, Green Municipal Fund Federation of Canadian Municipalities, Canada

Interventions from the floor:

  • Mirela Koci, Executive Director of the Local Economic Development Agency of Vlore (AULEDA), Albania
  • Edna Guidi Gutiérrez, Coordinator of the Latin American Office, Iberoamerican Union of Municipal Leaders (UIM)

The key question of the framework conditions that favour innovation – enabling its potential as a driver of inclusive growth – has primarily to do with institutional settings and policies. The focus on institutions concerns prevailingly the ‘rules of the game’ – as the set of formal norms, regulations, and the bodies in charge of enacting them. However, for the sake of addressing the needs of low-income markets, it is key to recognize informal institutions and capture underlying behavioural norms embedded within local social relations. Key policy implications of conducive institutional settings for innovation apply to the business enabling environment; macro-economic management and investment in R&D and knowledge diffusion infrastructure; education, human capital and skills development; governance and corruption; social inclusion and gender equity as basis for fully exploiting human resources potential. Effective institutional settings for innovation should be multi-level and multi-actor in nature, and embed the crucial skills dimension in the economic and development strategies at different levels.

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Panel
Location: Michelangelo - Palazzo Reale Date: October 15, 2015 Time: 11:15 am - 1:00 pm