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Financing Instruments and Outcomes for R&D Public Funding

Author

Listed:
  • Olga K. Yastrebova

    (СEO LLC EKKONIS, Moscow, Russian Federation)

  • Oleg I. Karasev

    (Directorate of State Scientific and Technical Programs, Moscow, Russian Federation)

Abstract

The key actual task of improving the tools of scientific and technological policy is the focus of R&D on obtaining socially significant results, including the creation of in-demand innovative products and technologies. Its solution requires appropriate improvement of the system of financial support for science. The authors of the article consider the existence of a clearly structured relationship between the national goals set for the scientific field as a whole and specific tools for their achievement as a necessary condition for effective management of this sphere. The paper analyzes the key instruments of R&D financing from the point of view of approaches to ensuring their effectiveness. The necessity of linking the volume of funding with the achieved results is shown, and specific proposals to solving this problem are made, including those based on the assessment of the technology readiness level (TRL).

Suggested Citation

  • Olga K. Yastrebova & Oleg I. Karasev, 2023. "Financing Instruments and Outcomes for R&D Public Funding," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 27-42, August.
    • Handle: RePEc:fru:finjrn:230402:p:27-42
    DOI: 10.31107/2075-1990-2023-4-27-42
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    References listed on IDEAS

    as
    1. A. V. Sartori, 2022. "Improving Research Performance Through Planning by Readiness Levels in Lean R&D," Economics of Science, Delo Publishing house, vol. 8(1).
    2. Andrei I. Kostin, 2020. "Organization of Program- and Target-Oriented Funding for Research in Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 27-40, February.
    Full references (including those not matched with items on IDEAS)

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      More about this item

      Keywords

      S&T policy; R&D financing instruments; performance indicators; technology readiness level; state program;
      All these keywords.

      JEL classification:

      • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
      • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
      • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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