The limits of established innovation processes have become clear as nations increasingly champion innovation as a tool of the ever-important 'knowledge economy'. This timely book analyses the effectiveness of innovation efforts, presenting challenges to the traditional approaches whilst developing more contemporary theories.Focusing on the interplay between three key players - knowledge organisations, firms and the public sector - this insightful volume will be invaluable to a wide-ranging audience including researchers, practitioners and students of science and technology, business and management, public policy and European studies.