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

Maarten Cornet, Björn Vroomen and Marc van der Steeg

No 58, CPB Discussion Paper from CPB Netherlands Bureau for Economic Policy Analysis

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.

JEL-codes: C93 O38 (search for similar items in EconPapers)
Date: 2006-02
New Economics Papers: this item is included in nep-ent, nep-ino and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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