The Five Best Policies to Promote Innovation -- And One Policy to Avoid

Photo of a researcher working in a lab

An evidence-based toolkit for governments looking to spark innovation was developed by researchers from Stanford University and MIT. Five policies which can effectively drive innovation are outlined as well as a few others that may boost innovation but aren't bolstered by much evidence. Lower U.S. federal funding for R&D which tends to focus on big picture projects with bigger payoffs which benefit entire industries has slowed economic growth in the U.S.