The ‘public’ nature of knowledge that underpins innovation
IP granting, legal infrastructure, promote knowledge generation
2. The uncertainty often hinders the process of innovation
Subsidizing, tax advantages, joint R&D projects, economic stability
3. The need for certain kinds of complementary assets
Electricity, water, road, communication system, industrial districts
4. The need for cooperation and governance, resulting from the nature
of certain technologies
Enhance and promote the diffusion of new technologies and innovations
5. Politics
Contribution to international and regional standards