• As governments increasingly position themselves as catalysts for economic transformation, a central question emerges: can the state actively shape the creation of billion-dollar companies, or is its true power in enabling the right conditions for private innovation to scale? • This session brings together perspectives from leaders who have built and scaled platform-based businesses, financial infrastructure serving hundreds of millions, and frontier technology companies in advanced computing and hardware. Drawing on real-world experience across emerging and mature markets, the discussion will examine how public policy, infrastructure investment, and market forces intersect—and where government involvement meaningfully accelerates growth versus where it risks limiting entrepreneurial ambition.