The encouragement of innovation at the regional level has been the subject of a series of EU initiatives, but there is, as yet, no overarching framework that provides clear, effective and widely accepted guidance for policy-makers. We identify some of the limitations facing innovation policy in...

Despite many attempts to develop high-impact venture capital (VC) policies, most VC markets in Europe are still underdeveloped. Many of these policies were based on ‘traditional’ (Rosiello et al, 2009) VC policy involving a mix of monetary incentives and institutional changes. In this...