Procuring innovation: the “industrial revolution” for the 21st Century?

The question on everyone’s lips (not only in the UK but across Europe – and indeed, globally) is: where is growth going to come from? We are noticing an emerging theme around the idea of not necessarily doing “more” but investing in doing it “better”, and using public procurement as a tool to drive that investment in innovation.

Back on 10 August we posted on the pioneering work of Birmingham Science City in seeking to use public procurement as a tool to promote innovation and to help “near to market” solutions across the line.

A week or so later we noted the encouragement to Member States from the Internal Market Committee of the European Parliament to “buy innovation”.

This article from the international centre-left think tank, Policy Network, develops the argument and posits that Europe’s future competitiveness depends on buying and fostering innovation.

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