Recent research shows that, owing to the presence of uncertainty and ambiguity, new ventures have great difficulties in defining a viable business model from the outset and that minor or major adaptations to this initial business model are needed as the venture evolves. Technology-based...

This article provides an overview of the most important insights from economic literature on private investment into research and development activity and how it may be constrained by market failure. The focus is on implications from empirical studies for the identification of financially...

This article provides an overview of the most important insights from economic literature on private investment into research and development activity and how it may be constrained by market failure. The focus is on implications from empirical studies for the identification of financially...

This article provides an overview of the most important insights from economic literature on private investment into research and development activity and how it may be constrained by market failure. The focus is on implications from empirical studies for the identification of financially...

This paper presents an empirical study on productivity growth using data from the Flemish part of the Community Innovation Survey 2005. In particuiar, we investigate growth differences between R&D-performing firms and non-R&D performers. As internal R&D is only one source of innovativeness, we...

This guidebook describes why quantitative counterfactual impact evaluations (CIE) of research, development and innovation (RDI) State aid policy schemes should be carried out, and how such CIE studies can be implemented. It discusses the motivation for governmental intervention in the market for...