Innovation policies are increasingly questioned by researchers and policymakers in the face of the changing economy and with regards to the role played by local grassroots initiatives in driving structural change at the regional level. This paper aims to enrich existing policy frameworks by emphasizing the notion of local commons as a means to drive local innovation dynamics. Building on this latter concept, two policies are presented to supplement existing policy agendas: community-based policies and experience-based policies. The paper argues that these two types of policies may offer complementary ways to assist local communities in local discovery processes, thus opening new paths for inclusive growth and development.