Can Operation Warp Speed Serve as a Model for Accelerating Innovations beyond COVID Vaccines?
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Operation Warp Speed (OWS) was a U.S. government-led program to accelerate the development, production, and administration of COVID-19 vaccines. The program cut the typical ten-year timeline needed to develop a new vaccine down to ten months and began vaccinating vulnerable populations within a year after launch. OWS’s success has led to calls for a similar mission model to accelerate innovations addressing other pressing social needs, including a cure for Alzheimer’s disease or atmospheric-carbon removal to combat global warming. We provide a framework to understand which innovations call for a mission approach and apply economic principles to identify key design features that contributed to the success of OWS.
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Copy CitationArielle D'Souza, Kendall Hoyt, Christopher M. Snyder, and Alec Stapp, Entrepreneurship and Innovation Policy and the Economy, volume 4 (University of Chicago Press, 2024), https://www.nber.org/books-and-chapters/entrepreneurship-and-innovation-policy-and-economy-volume-4/can-operation-warp-speed-serve-model-accelerating-innovations-beyond-covid-vaccines.