innovation and change

Table of Contents
1. Abstract ........................................................................................................3
2. Introduction to innovation ....................................................................3
3. Benefits of innovation to businesses ..................................................5
4. Why should government support innovation? ..............................6
5. National Innovation Systems ................................................................8
5.1. Role of the Government ...............................................................9
5.2. Innovation Policies .....................................................................10
5.3. Aim of Innovation Policies .......................................................10
5.3.1. National Innovation System of Europe ..........................10
5.3.2. Government of UL ..................................................................11
5.3.3. Government of India .............................................................11
5.3.4. Government of Finland .........................................................12
5.3.5. Government of China .............................................................13
6. Observations and Conclusions ...........................................................15
7. Referencing ...............................................................................................16

Abstract
This document addresses the need for innovation in the economies and how governments play a role in promoting innovation. Innovation is the key to sustain in the competitive global markets.
Many governments are forming the National Innovation Systems which intend to create conditions in which science and technology develops even faster. Innovation is promoted in the economy by establishing and investing in R&D, forming educational systems, government policies, collaboration of private and public firms through public private

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