Abstract
14.00 Normal 0 false false false EN-US X-NONE X-NONE Innovation drives wealth creation, economic growth, and human wellbeing, and its rate differs in different countries. Why is that, even in the era of global competition? Most industrialized countries are mixed economies, and in order to boost innovation, their governments have developed national systems of innovation (NSI). NSIs consist of educational and research institutions, funding agencies, tax credits, government procurement systems, venture capital providers, as well as other actors and measures to facilitate innovation. Not all NSIs are equally effective, however. In order to understand why, we present a comparative case study of innovation systems in two jurisdictions, Finland and Alberta, Canada. Placing the two systems in their historical, political, and cultural contexts allows us to shed light on the reasons for the differences and to make suggestions for effective innovation policy and practice.
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