Shaping A New Industry - A Market Perspective
In contemporary policymaking there is a strong consensus that industries related to advanced knowledge and science are important for national competitiveness and economic growth. The underlying assumption is that the use of new knowledge, products and processes can strengthen industrial competitiveness and increase national wealth. Although the potential of innovation as a value-creator is eminent, the empirical evidence of the benefit of public management of industrial development and innovation is ambiguous. In this paper the authors will look closer into this issue by investigating a public effort to manage and create an industry. They aim to increase the understanding of the activities that make up the creation of an industry.