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date: 20 February 2020

Abstract and Keywords

Regions worldwide increasingly confront large-scale grand challenges: complex, transnational problems like climate change, vaccine development, and water security. While society typically views science as the primary mechanism for addressing complex problems that confront it, traditional scientific institutions and policies are not optimally structured to provide the resources, technical depth, or scale needed to successfully address grand challenges. The emerging grand challenge model of R&D, however, offers a promising vehicle for mobilizing existing, often geographically dispersed knowledge assets in furtherance of a common goal: solving grand challenges. This chapter investigates the emergence of the grand challenge model through the establishment of several grand challenge programs and initiatives, several key elements critical to its operation and success, and its implications for regional competitiveness.

Keywords: public-private partnership, R&D cooperation, management of technological innovation, grand challenge model, regional competitiveness

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