Strategies for the Development of Science, Technology and Innovation as a Public and Social Good

Abstract

There is growing interest in the understanding how science, technology and innovation can be utilized for the benefit for society. Therefore, this article explores the literature on science, technology and innovation and their characteristics as a public and social good. It then outlines the importance of firms to transfer newly created knowledge into a useful social and economic entity. In this context citizen entrepreneurship is delineated as an effective mean to transform knowledge from science and innovation into a social benefit. Based on this understanding eight strategies to support the formation of citizen entrepreneurship in a region involved in science and the development of innovation are outlined. These strategies focus on strengthening (1) individuals, (2) institutions and (3) networks.