Professor Michiko Iizuka - Private Sector Innovation - Policy in Focus
Major social and technological innovation is expected to be required if countries are to meet development challenges into the future. But government initiatives have typically had limited success in driving the transformative change required. Recent years have seen increasing instances of the private sector financing startups to meet societal challenges, while also generating business profits. What spurs private sector companies to innovate in ways that cater to lower-income customers, what forms do these innovations take, and how have governments responded to such innovation? In this week’s…
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