Chapter 6 examines how structured and well-implemented public policies contribute to innovation outcomes. It analyzes five funding mechanisms overseen by the Shenzhen Science and Technology Innovation Commission, including innovation vouchers, startup grants, and support for technological development and fintech initiatives. Based on empirical evaluation, the chapter highlights how such policies help reduce early-stage innovation risk, catalyze private investment, and support experimentation. Rather than replacing market forces, government programs act as facilitators of innovation ecosystems. The analysis contributes to broader discussions on how public administration and innovation policy design can align to support enterprise-led innovation.

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Innovation and Well-Functioning Government

  • Jie Tang,
  • Xin Dai,
  • Qiang Pan

摘要

Chapter 6 examines how structured and well-implemented public policies contribute to innovation outcomes. It analyzes five funding mechanisms overseen by the Shenzhen Science and Technology Innovation Commission, including innovation vouchers, startup grants, and support for technological development and fintech initiatives. Based on empirical evaluation, the chapter highlights how such policies help reduce early-stage innovation risk, catalyze private investment, and support experimentation. Rather than replacing market forces, government programs act as facilitators of innovation ecosystems. The analysis contributes to broader discussions on how public administration and innovation policy design can align to support enterprise-led innovation.