States faces and focuses on what drives innovation, what constrains it, and what advantages we have to leverage. Recasting … crucial role of the "software" of innovation. By strengthening its politics, social relations, and institutions that move … position as a global power. With up-to-the-minute economic and political data, this is a resounding call to tie innovation to …

growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …