Strategic public/private partnerships

For governments, public-private partnerships (PPPs) in science, technology and innovation (STI) can help make research and innovation policy more responsive to the changing nature of innovation and to social and global challenges. For business, partnering with public research can help solve problems, develop new markets or generate value through co-operation and co-production. For governments, PPPs are an attractive tool to address both market and coordination failures in research and innovation activities and leveraging private investment in STI activities. PPPs are also key instruments in addressing societal challenges of the coming decades -such as climate change, green growth or energy efficiency-.