In the literature, it is widely discussed whether the pharmaceutical industry is going through an innovation crisis. Unfortunately, no comprehensive review exists to date that outlines the main empirical findings. In this paper, we provide an extensive survey on what is currently known about the...

Systemic innovation theory emphasizes that innovations are the result of an interdependent exchange process between different organizations. This is reflected in the current paradigm in European innovation policy, which aims at the support of collaborative R&D and innovation projects bringing...

Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments. Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....

The purpose of this study is to present a unique database on commercialized patents and to illustrate how it can be used to analyze the commercialization process of patents. The dataset is based on a survey of Swedish patents owned by inventors and small firms with a remarkably high response...

The paper analyzes how geographical clustering of beneficiaries might affect the effectiveness of public innovation support programs. The geographical proximity of firms operating in the same industry or field of technology is expected to facilitate innovation through knowledge spillovers and...

Seit 1999 fördert das Bundesministerium für Wirtschaft und Technologie (BMWi) im Programm "Förderung von innovativen Netzwerken (InnoNet)" größere Verbundprojekte zwischen öffentlichen Forschungseinrichtungen und mehreren kleinen und mittleren Unternehmen (KMU). Die Unternehmen kommen in...

Innovation is widely recognized as a key ingredient of productivity success. This article by Someshwar Rao, Ashfaq Ahmad, William Horsman, and Phaedra Kaptein-Russell of Industry Canada provides support for this view by finding a strong positive relationship between measures of fundamental...

Innovation has become a central theme and challenge in the literature of entrepreneurship, SMEs management, and strategic knowledge management and in the literature of organizational learning. Innovation needs a business environment that is conducive to long-term investments in new business...

This article proposes a model to characterize national innovation systems, and applies it to four outstanding countries in this respect (Germany, Spain, Finland and Ireland) and also to four Latin American countries which have declared their interest in these systems (Argentina, Brazil, Chile...

The U.S. National Science Foundation’s (NSF’s) Division of Policy Research and Analysis (PRA) supported academic research related to, among many other things, measurement of the returns to private and public R&D, during the early 1980s. The findings from this body of research became a...