This document discusses challenge-driven innovation and provides examples from Sweden's innovation agency, VINNOVA. It describes VINNOVA's Challenge Driven Innovation Programme, which provides funding for multi-sector collaborations to address major societal challenges. The program received 625 applications and selected 94 pilot study projects and 7 first phase projects across challenges like sustainable transportation, healthcare, and cleantech. The document also briefly outlines how the European Union and Japan are also pursuing issue-driven and challenge-based approaches to science and innovation funding.