Why Firms (Do Not) Participate in EU Funded R&D Consortia
In their efforts to raise private R&D investments, governments increasingly are directing attention to support R&D collaboration. This holds a fortiori for the European Union, whose flagship policy instrument for stimulating R&D in Europe is the Framework Program (FP). But is this money and attention well spent? Does industry participate in publicly funded R&D collaboration and does it lead to higher innovative performance? Despite improvements to make the FP more business-friendly, industry participation has been declining over time. This paper tries to address why firms are (not) participating in EU funded R&D consortia. To this end we review the insights from the theoretical literature on benefits and costs for firms from joining (subsidized) R&D, and the empirical evidence on effects from publicly sponsored R&D in general and the EU FP programs specifically.
Year of publication: |
2010
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Authors: | Veugelers, R. |
Published in: |
Review of Business and Economic Literature. - Intersentia, ISSN 2034-7677. - Vol. 55.2010, 2, p. 275-292
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Publisher: |
Intersentia |
Saved in:
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