Re-categorizing innovation policy according to broad-based innovation

This study lays the foundations for a theory of broad-based innovation and its potential role in innovation policy. The concept of broad-based innovation and its use in policy documents is discussed, followed by a discussion of the components of such innovation. This article proposes a re-categorization of modes of knowledge production in innovation activities to describe the need to more consistently consider and include different types of innovation activities in innovation policy. The study seeks to outline a novel theoretical structure that bridges a number of separate subfields in the study of innovation, providing a comprehensive treatment of the differential innovation puzzle. The study contributes by providing this novel theoretical framework for future planning and evaluation of innovation and innovation policies, systems and strategies.