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Subsidies to business sector R&D can be given either as R&D tax credits or direct grants. Majority of the OECD countries use both policy tools, Finland has used only grants. The Finnish support system has been functioning relatively well, but it has been argued that it does not support well...
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mandates (i) to educate, (ii) to conduct academic research, and (iii) to impact societal welfare. The second change is the … establishing and re-enforcing longterm research cooperation between the academia and the Industry. The final change is the … to inventions made in sponsored research that, according to the principle of the professor's privilege, were considered …
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We summarize and compare previous studies considering the impact of R&D subsidies on firm-level labor productivity. These studies conclude quite consistently that the subsidies provided by Tekes do not have statistically significant impact on its client firms’ labor productivity. These studies...
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