Areas Quote by Mariana Mazzucato
“Government support is not only investing in upstream areas like basic research, but also in downstream areas like applied research and early-stage financing for the companies themselves. This means there are great risks.”
About This Quote
State involvement should span from foundational science to market-ready innovations, acknowledging that such breadth introduces significant uncertainty.
In simple terms: Public funding covers basic to applied research, bearing high risk.
Key Takeaway
Government risk‑taking fuels innovation.
Themes
innovation policy
risk management
public investment
technology commercialization
economic development
Mood
optimistic
cautious
Type
policy statement
analytical observation
When to use this quote
- national R&D strategy
- startup ecosystem support
- strategic industry subsidies
Key Concepts
research pipeline
early‑stage financing
government‑industry partnership
Practical Applications
- designing balanced innovation portfolios
- guiding policy on public‑private research collaborations
Questions to Reflect On
- How can policymakers balance risk and reward in public R&D?
- What mechanisms ensure downstream funding translates into societal benefit?
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