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

Author

Listed:
  • Maarten Cornet
  • Björn Vroomen
  • Marc van der Steeg

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.

Suggested Citation

  • Maarten Cornet & Björn Vroomen & Marc van der Steeg, 2006. "Do innovation vouchers help SMEs to cross the bridge towards science?," CPB Discussion Paper 58, CPB Netherlands Bureau for Economic Policy Analysis.
    • Handle: RePEc:cpb:discus:58
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    References listed on IDEAS

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    1. Erik Canton & Debby Lanser & Joëlle Noailly & Marieke Rensman & Martijn van de Ven, 2005. "Crossing borders; when science meets industry," CPB Document 98, CPB Netherlands Bureau for Economic Policy Analysis.
    2. 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, vol. 29(4-5), pages 497-529, April.
    3. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-596, September.
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    Cited by:

    1. Kleine, Marco & Heite, Jonas & Huber, Laura Rosendahl, 2022. "Subsidized R&D collaboration: The causal effect of innovation vouchers on innovation outcomes," Research Policy, Elsevier, vol. 51(6).
    2. Rahel Falk & Hasan Bakhshi & Martin Falk & Wilhelm Geiger & Susanne Karr & Catherine Keppel & Hannes Leo & Roland Spitzlinger, 2011. "Innovation and Competitiveness of the Creative Industries," WIFO Studies, WIFO, number 41510, January.
    3. Hasan Bakhshi & John Edwards & Stephen Roper & Judy Scully & Duncan Shaw & Lorraine Morley & Nicola Rathbone, 2013. "An Experimental Approach to Industrial Policy Evaluation: The case of Creative Credits," Research Papers 0004, Enterprise Research Centre.
    4. Oliver Falck & Siegfried Schönherr, 2016. "An Economic Reform Agenda for Croatia: a comprehensive economic reform package prepared for the Croatian Statehood Foundation," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 70, July.
    5. Albert Bravo-Biosca, 2020. "Experimental Innovation Policy," Innovation Policy and the Economy, University of Chicago Press, vol. 20(1), pages 191-232.
    6. Oliver Falck & Johannes Koenen & Tobias Lohse, 2015. "Die Bedeutung von Programmevaluation in der deutschen Innovationspolitik," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(22), pages 52-55, November.
    7. Mauricio Camargo & Laure Morel & Pascal Lhoste, 2021. "Progressive University Technology Transfer of Innovation Capabilities to SMEs: An Active and Modular Educational Partnership," Post-Print hal-03140931, HAL.
    8. Dragana Radicic & Geoffrey Pugh, 2017. "R&D Programmes, Policy Mix, and the ‘European Paradox’: Evidence from European SMEs," Science and Public Policy, Oxford University Press, vol. 44(4), pages 497-512.
    9. Spyros Arvanitis, 2013. "Micro-econometric approaches to the evaluation of technology-oriented public programmes: a non-technical review of the state of the art," Chapters, in: Albert N. Link & Nicholas S. Vonortas (ed.), Handbook on the Theory and Practice of Program Evaluation, chapter 3, pages 56-88, Edward Elgar Publishing.
    10. EFI - Commission of Experts for Research and Innovation (ed.), 2013. "Research, innovation and technological performance in Germany - EFI Report 2013," Reports on Research, Innovation and Technological Performance in Germany, Expertenkommission Forschung und Innovation (EFI) - Commission of Experts for Research and Innovation, Berlin, volume 127, number 2013e, June.
    11. Dragana Radicic & Geoffrey Pugh & Hugo Hollanders & René Wintjes & Jon Fairburn, 2016. "The impact of innovation support programs on small and medium enterprises innovation in traditional manufacturing industries: An evaluation for seven European Union regions," Environment and Planning C, , vol. 34(8), pages 1425-1452, December.
    12. Vladimír Baláž & Tomáš Jeck & Miroslav Balog, 2024. "Knowledge Transfers and Business Performance in Creative Networks," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 4428-4454, March.
    13. Bakhshi, Hasan & Edwards, John S. & Roper, Stephen & Scully, Judy & Shaw, Duncan & Morley, Lorraine & Rathbone, Nicola, 2015. "Assessing an experimental approach to industrial policy evaluation: Applying RCT+ to the case of Creative Credits," Research Policy, Elsevier, vol. 44(8), pages 1462-1472.

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    More about this item

    JEL classification:

    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments

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