Jaime Amsel Posted almost 2 years ago Mariana Mazzucato: Government -- investor, risk-taker, innovator Great idea! wrong approach. Innovation flourishes within an innovative "state of mind." that can be nurtured or hindered by the state (pun intended). Innovation is not in the "Googles," "Facebooks" or "Nokias" (last one added on purpose), those are the outliers of a bigger innovation wave, carried mostly by many small and medium innovative enterprises. SBIR is good in driving these small and medium enterprises. SBIR was established more than a decade after the funding for the internet. Government aptly funded the R part of the internet R&D, but without the D part there is no innovation. I totally agree with the Innovation Fund idea, and yes, the state needs to keep looking at the issue long term and strategically. Equity is the small part of the equation. Could those innovative government employees (a minority) please take the lead?