Public sector innovation does not happen by itself: problems need to be identified, and ideas translated into projects that can be tested, implemented and shared. This report looks at how governments can create an environment that fosters innovation.

Innovation is essential to the improvement of public services; it is not an optional luxury but needs to be institutionalized as a deep value. This article presents a framework for thinking and action to foster higher levels of successful innovation in the public sector. The major barriers to innovation in the public sector are identified. Finally, some immediate and practical steps which government departments and public service organizations could take to foster innovation are described.

Due to the emergence of innovative technologies, various professional fields are transforming their traditional business practices. Specifically, the financial and legal markets are experiencing this digital transformation as professionals and researchers are finding ways to improve efficiency, personalization, and security in these economic sectors. Significant research is needed to keep pace with the continuous advancements that are taking place in finance. Fostering Innovation and Competitiveness with FinTech, RegTech, and SupTech provides emerging research exploring the theoretical and practical aspects of technologically innovative mechanisms and applications within the financial, economic, and legal markets. Featuring coverage on a broad range of topics such as crowdfunding platforms, crypto-assets, and blockchain technology, this book is ideally designed for researchers, economists, practitioners, policymakers, analysts, managers, executives, educators, and students seeking current research on the strategic role of technology in the future development of financial and economic activity.

List of Tables and Figures; List of Acronyms; Acknowledgements; Introduction: Thinking Big Again; Chapter 1: From Crisis Ideology to the Division of Innovative Labour; Chapter 2: Technology, Innovation and Growth; Chapter 3: Risk-Taking State: From 'De-risking' to 'Bring It On!'; Chapter 4: The US Entrepreneurial State; Chapter 5: The State behind the iPhone; Chapter 6: Pushing vs. Nudging the Green Industrial Revolution; Chapter 7: Wind and Solar Power: Government Success Stories and Technology in Crisis; Chapter 8: Risks and Rewards: From Rotten Apples to Symbiotic Ecosystems; Chapter 9: So.

This book explores innovation in the U.S. construction-related industries (i.e., design services, construction, building materials and products manufacture, and facilities operation and maintenance) and recommends a strategy for fostering new technology. These industries account for about ten percent of the U.S. economy; federal agencies themselves spend some $15 billion annually on construction. A government strategy based on federal agencies that encourage applications of new technology for their own projects, activities to enhance the pursuit and effective transfer of new technology to the U.S. private sector, and increased support for targeted efforts to develop new technologies in specific areas will yield many benefits. These include better cost, quality, and performance in government facilities, generally improved quality of life, and enhanced U.S. industrial competitiveness in international markets.

With the expansion of technology and ever-changing societal demands it is critical that public services are executed efficiently and effectively. Innovative thinking and process improvements are necessary for public organizations to improve productivity, reduce cost, improve staff retention, and promote teamwork and problem solving. By evaluating the barriers to public sector innovation, this study seeks to obtain evidence how the hierarchical environment, red tape, risk aversion and organizational inertia impact the innovation process. This study's expected results will bring awareness to the negative relationship between barriers and innovation within the organization. This research will be helpful for leadership to evaluate and strategize efforts to fostering innovation and assess if innovation opportunities exist.