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The Progressive Policy Think Tank

'Doing Capitalism in the Innovation Economy' with William H. Janeway

The innovation Economy begins with discovery and culminates in speculation. Over some 250 years, economic growth has been driven by successive processes of trial and error: upstream exercises in research and invention, and downstream experiments in exploiting the new economic space opened by innovation.

Thursday 28 February 2013, 15.00 to 16.30
IPPR, 4th Floor, 14 Buckingham Street, London, WC2N 6DF

Drawing on his professional experiences, William Janeway provides an accessible pathway for readers to appreciate the dynamics of the Innovation Economy. He combines personal reflections from a career spanning forty years in venture capital with the development of an original theory of the role of asset bubbles in financing technological innovation and of the role of the state in playing an enabling role in the innovation process.

Today, with the state frozen as an economic actor and access to the public equity markets only open to a minority, the Innovation Economy is stalled; learning the lessons from this book will contribute to its renewal.

Join us for a fascinating conversation with William Janeway along with noted policy experts Birgitte Andersen and Stian Westlake.


  • William Janeway, author of Doing Capitalism in the Innovation Economy
  • Birgitte Andersen, Director of the Big Innovation Centre and Professor of Business and Innovation at the University of Lancaster Institute for Entrepreneurship and Enterprise Development.
  • Stian Westlake, Executive Director of Policy & Research at NESTA and former Senior Associate at the Young Foundation, managing investments in social enterprises.
  • Marc Stears, Visiting fellow at IPPR and professor of political theory at the University of Oxford (chair)

If you would like to attend please RSVP to