As we navigate an increasingly complex world, the strategic use of public procurement presents a unique opportunity to address pressing societal needs whilst simultaneously fostering innovation and economic growth. This research offers in-depth analysis and recommendations for harnessing public procurement as a catalyst for innovation.
The research examines several key aspects of innovation-driven procurement, including:
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Factors influencing procurement’s impact on innovation, including scale, technical capacity, and political considerations
The work also highlights the challenges faced in realising procurement’s full potential as an innovation driver. From risk aversion to fragmented budgets, the study offers insights into overcoming these barriers and provides recommendations for policymakers and public sector leaders.
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Meet the author
Chloe Billing
Chloe is a Research Fellow at City-REDI, Birmingham Business School, University of Birmingham.
Chloe Billings' current research explores the routes to developing a regional innovation ecosystem, to better support the transfer of university technologies into key sectors and help grow our local regional economies.
Part of this involves understanding both the challenges that universities are facing with their technology-transfer mechanisms, as well as, the barriers to innovation amongst local firms (such as skills and other productivity constraints).
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