<-Volver a Introducción | Innovation, diversification, and entrepreneurship

POINT

María Callejón
Professor of Applied Economics and Vice-Rector for International Policy, University of Barcelona

Intelligent selection of public policies to promote new enterprises

It is possible to stimulate innovation and the economy with enterprise-creation programs, but the design of such policies must be carefully chosen. A public program to incentivize new enterprises should take the following factors into account: turbulence, heterogeneity, and size. Public agencies providing state financing might extend their corporation with regional entities to include new entrepreneurs offering special expertise.

COUNTERPOINT

Marcel Prunera
Entrepreneur

Ringfencing innovation in the current context

The best investment Spain can make in its economic future is a firm commitment to improvinginnovation. It is crucial that small and SMEs can make the same commitment. There are two kinds of action that should be taken in this respect. First, innovation must be established as one of the essential values enshrined in education plans and all other plans with a public purpose, and should be a crucial driving force in all public policy. Second, we must sustain and increase the public resources destined for R&D and innovation in the form of public spending, public financing, or tax incentives.

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