Policies Promoting Innovation in Small Firms: Evidence from the U.S. and U.K.

Donald S. Siegel, Charles Wessner, Martin Binks, Andy Lockett

Research output: Contribution to journalReview article

39 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)121-127
Number of pages7
JournalSmall Business Economics
Volume20
Issue number2
DOIs
StatePublished - Mar 1 2003
Externally publishedYes

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics and Econometrics

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