Dual Policy–Market Orchestration: New R&D Institutions Bridging Innovation and Entrepreneurship

This study investigates how new R&D institutions mediate policy–market disjunctures to foster integrated innovation and entrepreneurship ecosystems. Employing a longitudinal case analysis (2013–2023) of the Jiangsu Industrial Technology Research Institute (JITRI), we delineate a three-phase evolutionary process: (1) an initial government-dominated phase, stimulating foundational capability development through contract R&D; (2) a subsequent marketization phase, enabling systemic resource integration via co-creation centers and global networks; and (3) a culminating synergy phase, where policy–market alignment facilitates ecosystem optimization through crowdsourced R&D and cross-domain collaboration. Three core mechanisms underpin this adaptation: policy–market coupling (providing external momentum), endogenous capability development (absorption to innovation), and dynamic resource orchestration (acquisition to optimization). JITRI’s hybrid governance model demonstrates that stage-contingent interventions—specifically, policy anchoring in early stages followed by market-responsive resource allocation—effectively transmute inherent tensions into productive synergies. These findings yield implementable frameworks for structuring innovative ecosystems and underscore the necessity for comparative studies to establish broader theoretical generalizability.