Nesta has launched the Innovation Growth Lab (IGL) – the first global collaboration dedicated to uncovering, testing and sharing the best ways to accelerate innovation, entrepreneurship and growth.
The IGL will bring together researchers and public and private organisations around the world to trial different support programmes and help to make them more impactful.
Led by Nesta in partnership with the Kauffman Foundation in the US, the collaboration includes the UK’s Business, Innovation and Skills Department, Innovate UK (formerly known as the Technology Strategy Board), the Swedish Agency for Growth Policy Analysis, the Danish Business Authority, the Australian Department of Industry and the Dutch Ministry of Economic Affairs.
The IGL has three aims:
Among the first questions being tested are:
The Innovation Growth Lab is unique in that its approach will follow randomised controlled trials (RCTs) to test whether interventions are having the desired impact.
RCTs have been adopted in a number of fields such as development, health, education or social policy. But to date they have been underutilised in the area of innovation and high-growth entrepreneurship.
Albert Bravo-Biosca, lead on the Innovation Growth Lab, said: “Every year governments around the world spend billions on policy interventions to support innovation and business growth. But we don’t really know much about how effective these are because there’s little evidence. The Innovation Growth Lab aims to contribute to fill this gap by using randomised controlled trials to find out what works and what doesn’t.”
The launch follows the funding of ten pilot research projects by Nesta and the Kauffman Foundation as part of the IGL Grants programme.
The IGL is now inviting new research proposals for the second round of the IGL Grants programme.
Applications are open until 5th January 2015 and can be made via the IGL website at: www.innovationgrowthlab.org