Entrepreneurial State

The "Entrepreneurial State" refers to the idea that governments can play a proactive role in driving innovation and economic growth by investing in new technologies, research, and infrastructure. Instead of just creating rules or supporting existing industries, the state actively takes risks and fosters opportunities that private companies might avoid due to uncertainty or costs. This approach recognizes that many groundbreaking innovations often come from public sector initiatives, which can then be commercialized by private firms, creating jobs and advancing society. Essentially, it highlights the government’s vital role as a catalyst for innovation and economic progress.