Integrating the supply and demand sides of public support to new technology-based firms
2015 (English)In: Science and Public Policy, ISSN 0302-3427, E-ISSN 1471-5430, Vol. 42, no 4, 514-529 p.Article in journal (Refereed) Published
This paper analyses public support and argues that supply does not match demand in terms of the support needs of different types of new technology-based firms (NTBFs). The demand side of public support to NTBFs is analysed by developing a typology of NTBFs, based on venture origin and degree of innovativeness. Each types characteristics, challenges and support needs are identified. The supply side is analysed in terms of the goals, instruments and level of aggregation of the two main policy areas that provide support for NTBFs: small and medium-sized enterprise policy and science, technology and innovation policy. Finally, the demand and supply sides are compared and three main shortcomings of existing public support to NTBFs are identified. This paper makes a twofold contribution: first, the typology gives guidelines for policy-makers with respect to the support needs of the NTBFs. Second, it identifies shortcomings in existing public support and recommends improvements.
Place, publisher, year, edition, pages
OXFORD UNIV PRESS , 2015. Vol. 42, no 4, 514-529 p.
technology-based firms; science and technology policy; innovation policy; small and medium-sized enterprise policy; entrepreneurship policy
Economics and Business
IdentifiersURN: urn:nbn:se:liu:diva-121765DOI: 10.1093/scipol/scu072ISI: 000361041500007OAI: oai:DiVA.org:liu-121765DiVA: diva2:859357