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Public funding of innovation projects: Is it zime for a more flexible approach?

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  • Rammer, Christian
  • Klingebiel, Ronald

Abstract

Increasing investment in innovation has been a major goal of research and innovation policy in Europe over the past decade. Yet to secure competitive advantage and achieve growth, R&D investment has to be translated into successful innovations, and this is first and foremost the task of firms. Turning R&D into successful innovation is a tricky business, however. Consequently, managerial economics has proposed a variety of approaches for getting the most out of R&D investments. A recent study funded under the SEEK research programme examined the use of flexible resource allocation as a management tool for achieving successful product innovation.

Suggested Citation

  • Rammer, Christian & Klingebiel, Ronald, 2012. "Public funding of innovation projects: Is it zime for a more flexible approach?," ZEW policy briefs 2/2012, ZEW - Leibniz Centre for European Economic Research.
    • Handle: RePEc:zbw:zewpbs:22012
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    Cited by:

    1. Dominique Foray, 2019. "On sector-non-neutral innovation policy: towards new design principles," Journal of Evolutionary Economics, Springer, vol. 29(5), pages 1379-1397, November.
    2. Dominique Foray & Martin Eichler & Michael Keller, 2021. "Smart specialization strategies—insights gained from a unique European policy experiment on innovation and industrial policy design," Review of Evolutionary Political Economy, Springer, vol. 2(1), pages 83-103, April.
    3. Dominique Foray, 2022. "The Economics of Incomplete Plan -on Conditions, Procedures and Design of Future Mission- Oriented Innovation Policies," Hacienda Pública Española / Review of Public Economics, IEF, vol. 243(4), pages 123-146, December.

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