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Market, firm, and project-level effects on the innovation impact of FP RTD projects

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  • Market, firm, and project-level effects on the innovation impact of FP RTD projects
  • Vonortas, Nicholas S.
  • Science and Technology Policy Institute


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Title Market, firm, and project-level effects on the innovation impact of FP RTD projects
Similar Titles
Material Type Articles
Author(English)

Vonortas, Nicholas S.

Publisher

Seoul:Science and Technology Policy Institute

Date 2010-06
Journal Title; Vol./Issue STI Policy Review:vol.1(no.2)
Pages 20
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Science/Technology
Holding Science and Technology Policy Institute

Abstract

This paper explores the determinants of the innovation impact of publicly funded R&D
projects along three broad dimensions, namely project, firm and market-related factors. In
addition to these factors we examine the attributes of the research result per se and aspects of
the commercialization process. The observations from empirical and qualitative analyses are
based on R&D projects funded by the Fifth and Sixth Research Framework Programmes of
the European Union. Firm size, prior experience, innovation culture, the nature of the project
itself, explicit intension to commercialize, consortium management and strategy are the
factors with the strongest effect on project success, defined in terms of product/process innovation
and/or technical knowledge creation. The paper provides important implications for
the organization, objectives, and management of public programmes that fund R&D and for
project and participant selection.

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