Unlocking the potential of innovation

This episode of The Sound of Economics focuses on innovation.
There is widespread agreement that innovation is vital for
European economy, but how can we get from smart ideas to economic
growth?


We asked Reinhilde Veugelers, Senior Fellow at Bruegel, why
innovation matters for our economies, and why it is important for
the components of the innovation system to be interconnected.


Dominique Guellec, Head of Science and Technological Policy in
the Directorate of Science at the OECD, to shared with us his
opinion on the main weaknesses in European innovation.


We also spoke with Scott Stern, Professor of Management of
Technology at the MIT Sloan School of Management. He outlined why
he believes Europe needs to think local if it wants to get the
full economic benefit of innovation.


We asked Karen Wilson, another Senior Fellow at Bruegel, why
Europe seems to fare badly on this compared to other regions such
as the US. She stressed the importance of completing the Single
Market to support high-growth firms.


Access to capital is a vital factor for expansion of innovative
firms. Karen shared her opinion on what the EU can do on this
topic, while Reinhilde discussed why funding for innovative
growth should come from capital markets.


SPEAKERS Reinhilde Veugelers, Senior Fellow, Bruegel Dominique
Guellec, Head of Science and Technological Policy, Directorate
for Science, Technology and Industry, OECD Scott Stern, Professor
of Management of Technology, MIT Sloan School of Management Karen
Wilson, Senior Fellow, Bruegel


CREDITS Presented by Bryn Watkins Produced by Vanessa Cotterell,
Giuseppe Porcaro, Bryn Watkins