71key to successful innovation, economic growth, and improvements in overall wellbeing.

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85Innovation Without Entrepreneurship: The

Pipe Dream of Mission-Oriented Innovation

Policy

Johan P. Larsson

Abstract In this chapter, I analyze state entrepreneurship, as exercised through mission-oriented innovation policy: the mobilization of large pools of resources and capabilities to solve the pressing issues of our time. The state entrepreneur is not subject to real risk, often faces no market, and cannot be properly evaluated. It pays