Fostering innovation in low- and middle-income countries through challenge funds and prizes Lessons for development co-operation
For centuries, governments in high-income countries have offered financial incentives to external parties for innovative solutions to complex problems. However, open innovation mechanisms like challenge funds and prizes have been less prevalent in low-income countries. This working paper explores th...
| Main Author: | |
|---|---|
| Other Authors: | , , |
| Format: | eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
2024
|
| Series: | OECD Development Co-operation Working Papers
|
| Subjects: | |
| Online Access: | |
| Collection: | OECD Books and Papers - Collection details see MPG.ReNa |
| Summary: | For centuries, governments in high-income countries have offered financial incentives to external parties for innovative solutions to complex problems. However, open innovation mechanisms like challenge funds and prizes have been less prevalent in low-income countries. This working paper explores the effects of such mechanisms on innovation ecosystems and how challenge funds and prizes have contributed to building dynamic capabilities in public sector entities |
|---|---|
| Physical Description: | 47 p. 21 x 28cm |