The government must promote innovation

Why innovation is important for governments?

The public administration program increasingly creates agendas, organizes conferences, and provides grants and awards based on innovation.Until now,innovations were related, discussed and dealt mainly from the viewpoint of entrepreneurs or innovative firms,but increasingly, the policy of innovation is an emerging discipline that many governments already include in their future plans.

As an example, United States President Obama has dedicated part of the budget toward compiling statistics in order to measure the influence of innovation on the country’s economy. He also spoke of building platforms to foster innovation in business and economic growth. This growing interest by the government to strengthen innovation in United States makes it clear that the involvement of governments is crucial in creating industries and jobs in the economy today.