This is the most recent white paper to be issued by the World Economic Forum entitled Accelerating the Emergence and Development of Innovation Ecosystems through Procurement: a Tool Kit.
World Economic Forum’s Global Futures Council on Innovation Ecosystems was created to understand the features of successful innovation ecosystems and the role of various actors in their growth. Procurement represents 12% of gross domestic product (GDP) and 29% of total government spending across OECD countries in 2017. This toolkit seeks to answer the question: How can procurement be used to accelerate innovation ecosystems in ways that will drive sustainable and inclusive growth? Around the world, procurement processes are being redesigned and redeployed to create new demand for innovation.