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Policy support to commercialization and Europe’s ‘commercialization gap’

Szalavetz, Andrea (2015) Policy support to commercialization and Europe’s ‘commercialization gap’. [Conference Proceedings] (Submitted)

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    Despite substantial public funding dedicated to enhance the commercialization and the market uptake of research results (CMU), Europe’s perceived ‘commercialization gap’ vis-á-vis its main competitors has remained substantial. This paper discusses the factors that influence the effectiveness of commercialization policy instruments, based on case studies of 6 European and 4 non-European CMU policy measures. Five common features of successful policy instruments are identified. 1. Policy design is specific, suggesting that policy-makers have a clear concept of what they want to achieve. 2. Policy support transcends mere subsidy provision: financial support is embedded in a mix of complementary services. 3. Policy instruments allow for virtuous Matthew effects. 4. Recognizing that actors encounter a series of valleys of death, not just one, successful programs span several stages of the innovation cycle. 5. Effective policy instruments are not ‘born fully armed’ like Pallas Athena: it takes time they develop.

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    Item Type: Conference Proceedings
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > innovation policy
    EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 2015 (14th), March 4-7, 2015
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 27 Mar 2019 10:24
    Number of Pages: 35
    Last Modified: 27 Mar 2019 10:24

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