TY - JOUR
T1 - Policies Promoting Innovation in Small Firms
T2 - Evidence from the U.S. and U.K.
AU - Siegel, Donald S.
AU - Wessner, Charles
AU - Binks, Martin
AU - Lockett, Andy
N1 - Funding Information:
Government support for NTBFs can assume various forms, including direct subsidies for projects funded by private firms (e.g., the U.S. Advanced Technology Program (ATP) and the U.K. “Small Firms Merit Award for Research and Technology” (SMART) Program)) or legislative set-asides for innovative small firms (e.g., the Small Business Innovation Research (SBIR) program in the U.S. and Enterprise Zone Initiatives in the U.K.). Another avenue of government assistance is through the establishment of a public-private partnership, which receives some level of support from a public institution.
PY - 2003/3
Y1 - 2003/3
N2 - We provide background information on U.S. and U.K. policies promoting innovation in small firms and also summarize the papers that appear in this special issue. These studies were presented at a recent workshop that was jointly organized by the University of Nottingham Institute for Enterprise and Innovation (UNIEI) and the Board on Science, Technology, and Economic Policy (STEP) of the U.S. National Academy of Sciences. Based on a synthesis of these papers and other evidence that was presented during the workshop, we conclude that: (1) program evaluation is much more prevalent in the U.S. than in the U.K.; (2) the U.S. Advanced Technology Program (ATP) and Small Business Innovation Research (SBIR) program have been successful; and (3) shared costs between government and industry and frequent assessment are the keys to ensuring that such programs are successful.
AB - We provide background information on U.S. and U.K. policies promoting innovation in small firms and also summarize the papers that appear in this special issue. These studies were presented at a recent workshop that was jointly organized by the University of Nottingham Institute for Enterprise and Innovation (UNIEI) and the Board on Science, Technology, and Economic Policy (STEP) of the U.S. National Academy of Sciences. Based on a synthesis of these papers and other evidence that was presented during the workshop, we conclude that: (1) program evaluation is much more prevalent in the U.S. than in the U.K.; (2) the U.S. Advanced Technology Program (ATP) and Small Business Innovation Research (SBIR) program have been successful; and (3) shared costs between government and industry and frequent assessment are the keys to ensuring that such programs are successful.
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U2 - 10.1023/A:1022271914246
DO - 10.1023/A:1022271914246
M3 - Review article
AN - SCOPUS:0037273639
SN - 0921-898X
VL - 20
SP - 121
EP - 127
JO - Small Business Economics
JF - Small Business Economics
IS - 2
ER -