It is to “think the great” that the PS or public investment – publico

                 

                         
                     

                 

 
                         

It was through public investment that the United States reached the moon, were public money that allowed the emergence of the iPhone. The PS organized on Monday at ISEG, Lisbon, the conference “More Innovation, Best Economy” with a defined objective. The intention was to demonstrate, as the PS Secretary-General would conclude at the end, the “catalytic effect that the State may have” an economy.

                     

                         So, what better than to bring professor at the University of Sussex, specializing in Innovation Economy to present the data able to overthrow the “myth” about the role of the public sector. Throughout nearly an hour Mariana Mazzucato was restating the graphics that fill his book called “The entrepreneurial state.” With examples around the world of how are the states that “go beyond” the intention to “regulate the market” that are paving the way for the “smart growth” that guarantees them a future in the community of nations.

The first case presented at the outset look like a contradiction in terms. “Unlike the United States, Europe did not have enough state in the chain of innovation.” After all, the study of scientific progress capable of generating wealth, showed that, in the country considered the epicenter of venture capital, public investment is dominating.

The first example is Silicon Valley. Mazzucato has listed about dozen “public institutions” that financed the one who would become the world capital of technology. The NSF, NIH acronyms, DARPA, NASA, SBIR, ARPA-E was the footprint of the American state, amounting to billions of euros, which had the “patience” to wait for the results, as opposed to the modest contribution of “venture capital. “

For there to be no doubt, Mazzucato then presented an image of the iPhone, which connected the different technologies it installed the programs funded by the US State. They were there all the letters as described above and others like Army Research Office and the Department of Defense. The conclusion summed up in one sentence. “All that is smart on the Iphone was funded by the Government.”

Adding to the evidence, Mazzucato then added another essential condition for the success of an “Entrepreneur State”. The state had to take the lead, advance the “visionary thinking”, set goals and “think the great”. For the supreme example of this strategy, the teacher returned to the United States. “The decision to go to the moon” was “vision” – which at first seem unattainable. – But it turned out to support the creation of new technologies and markets that exist today

The solution was “not choose a sector “to bet on but choose a” mission “as” go to the moon “after that” 17 sectors have made it happen. ” António Costa was not that far. It was by the example of “renewable energy”.

But the intervention of the teacher was the motto for the application of the debate Portuguese environment.

John Jesus Caetano went for the exploitation of ” resources of the sea “as the” design “in which the country could bet. After the lifting of the “stages of technological maturity”, warned of the need for the state to “be” the decisive phase of the “Valley of Death” in which companies have to make a “demonstration” of their research before moving to marketing. Maintained that the decisive bet would have to be in “technology centers, engineering and innovation.” At the same time, concluded the State had to take the definition of areas where betting.

The economist Caldeira Cabral was also there to defend the “increased funding” of the interfaces between universities and businesses. Currently, warned Cabral, were “underfunded” because of cuts made by the government. But the recovery made by the textile and footwear sector, by linking universities and research centers, was proof to the economist at the University of Minho, that this was the way.

Lino Fernandes recalled another case, the Portuguese company from the “e-passport system” and technology “biometrics”, developed for the Portuguese State, ended up creating a “competitive offer internationally” with the result of exporting its technology to ” airports in England and Finland. “

” Innovation calls innovation “, would conclude António Costa Mazzucato with book in hand. “The error is not in the public investment in science and education. The error is the failure of our businesses to take advantage, “he said.