Tackling the grand challenges of the 21st century requires the public, private and third sectors to work together to drive innovation. In this endeavor, the public sector cannot be limited to fixing market failures and ‘de-risking’ business. It needs to actively co-create and shape the markets of the future, and welcome the underlying process of experimentation and exploration. This requires building new forms of competencies and adaptive dynamic capabilities inside public institutions, which are oriented towards producing public value.
IIPP is a new UCL institute providing radical thinking about public policy driven by public purpose. We will offer a new lens through which to approach these grand challenges.
To learn more, please visit: UCL Institute for Innovation and Public Purpose