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Do innovation vouchers help SMEs to cross the bridge towards science?

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  • Maarten Cornet
  • Björn Vroomen
  • Marc van der Steeg

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    Abstract

    The Dutch innovation voucher aims to stimulate the interaction between small and medium-sized enterprises (SMEs) and public research institutes. This document provides an estimate of the effectiveness of the innovation voucher instrument, employing the fact that the vouchers were assigned randomly by means of a lottery. The main conclusion is that the innovation voucher instrument does stimulate SMEs to engage in many new assignments with public research institutes. Out of every ten vouchers, eight are used for a project that would not have been assigned without such a voucher, one is used for a project that would have been assigned anyhow, and one voucher is not used. An overall assessment of the innovation voucher also needs to take into account the value added of the additional assignments, however. No insights have yet been obtained here.

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    Bibliographic Info

    Paper provided by CPB Netherlands Bureau for Economic Policy Analysis in its series CPB Discussion Paper with number 58.

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    Date of creation: Feb 2006
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    Handle: RePEc:cpb:discus:58

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    1. David, Paul A. & Hall, Bronwyn H. & Toole, Andrew A., 2000. "Is public R&D a complement or substitute for private R&D? A review of the econometric evidence," Research Policy, Elsevier, Elsevier, vol. 29(4-5), pages 497-529, April.
    2. Erik Canton & Debby Lanser & Joëlle Noailly & Marieke Rensman & Martijn van de Ven, 2005. "Crossing borders; when science meets industry," CPB Document, CPB Netherlands Bureau for Economic Policy Analysis 98, CPB Netherlands Bureau for Economic Policy Analysis.
    3. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 99(397), pages 569-96, September.
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    Cited by:
    1. Commission of Experts for Research and Innovation (EFI), Berlin (ed.), 2013. "Research, innovation and technological performance in Germany - EFI Report 2013," Research, innovation and technological performance in Germany: Report, Expertenkommission Forschung und Innovation (EFI), volume 127, number 2013e, June.

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