Great Expectations: Innovation Policy's Real Impact #sciencefather


Innovation policy is often heralded as the key to solving major societal challenges, from climate change to healthcare disparities. Governments and organizations invest heavily in research, technology, and entrepreneurship, expecting groundbreaking solutions. However, structural barriers such as regulatory hurdles, funding limitations, and social inequalities can constrain the impact of innovation. While policies encourage progress, they must align with broader systemic changes to be truly transformative. A realistic approach—one that acknowledges both the potential and the limitations of innovation policy—is necessary. Without this balance, the gap between expectations and reality may continue to widen, leaving critical issues unresolved.

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