EU Financing and Innovation in Poland

Breznitz, Dan; Ornston, Darius

doi:10.2139/ssrn.3119663

Cited by 12 publications

(16 citation statements)

References 48 publications

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“…A large number of methods for financing innovative vectors of scientific and educational institutions have been proposed by modern researchers [16][17][18][19][20][21][22][23][24][25][26][27]. All of them are integral and complex: some contain more indicators, others -less.…”

Section: Discussion Of the Results Of Determining Targeted Investment Based On An Integrated Approach In Terms Of Indicators Of Innovativmentioning

confidence: 99%

“…They proved the need for an integrated approach to such an assessment. The agreement with such a vector of financing innovativeness can be traced in the study [20], which deals with a comprehensive approach to financing the innovative orientation of the state of Poland. It was also emphasized alization was measured by the percentage of foreign faculty (teachers) and students.…”

Section: The Problem Of Supporting Scientific and Educational Institutions Is Considered A Methods Of Selective Financing Of Scientific Amentioning

confidence: 99%

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Development of a method for selected financing of scientific and educational institutions through targeted capital investment in the development of innovative technologies

Левченко

Dmytriieva

Shevchenko

et al. 2021

EEJET

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The problem of supporting scientific and educational institutions is considered. A method of selective financing of scientific and educational institutions that create innovative technologies taking into account their investment in innovative developments is proposed. On the basis of statistical data on the indicators for assessing the activities of scientific and educational institutions and the indicator of the innovative potential of a scientific and educational institution from the production of innovations (PNn), their rating was calculated. The essence of PNn is to compare the indicators of the volumes of income of the special fund Dsfn and the volume of expenditures of the scientific and educational institution Vn. In order to stimulate scientific and educational institutions to create innovative technologies, it was proposed to introduce targeted investments. The problem of quantifying the rate of premium on the basis of an integrated approach in terms of indicators of innovative potential from the production of innovations and the rating of a scientific and educational institution for 2 institutions (namely: K and H) has been solved. Institution K will receive a large increase, and institution N will receive a smaller increase, the value of which will be 56.23 % and 43.76 %, respectively. The results showed the independence of the indicator of the innovative potential of a scientific and educational institution from the production of innovations from the previous rating of a scientific and educational institution, or vice versa. The proposed methodology has been tested by an experimental method, targeted investments have been determined based on an integrated approach in terms of indicators of innovative potential and the rating of a scientific and educational institution. This study is of practical interest to government authorities and grantors when allocating funds according to the vector of selective financing of scientific and educational institutions through targeted investments in the development of innovative technologies, and theoretically – to researchers dealing with issues of financial security, protectionism and public administration

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Section: Discussion Of the Results Of Determining Targeted Investment Based On An Integrated Approach In Terms Of Indicators Of Innovativmentioning

confidence: 99%

Section: The Problem Of Supporting Scientific and Educational Institutions Is Considered A Methods Of Selective Financing Of Scientific Amentioning

confidence: 99%

Development of a method for selected financing of scientific and educational institutions through targeted capital investment in the development of innovative technologies

Левченко

Dmytriieva

Shevchenko

et al. 2021

EEJET

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“…But old agencies and new departments may still operate in the same area, and their individual priorities may continue to adversely affect the effectiveness of activities and of expenditures. Moreover, the creation of the Innovation Council is a step in the right direction, but it has attracted private-sector scepticism, as it relies exclusively on public-sector institutions (Breznitz and Ornston, 2017). As policies that promote innovation are difficult for governments to design and even more difficult for them to successfully implement, greater privatesector involvement could help the government identify the right policies, as in several productivity commissions of OECD countries, such as Denmark and New Zealand (Banks, 2015).…”

Section: Ensuring the Effectiveness Of Government Support To Smes Andmentioning

confidence: 99%

“…This may be especially problematic for young Polish companies that intend to roll their product out to the market, as venture capital plays a prominent role at a late stage of the innovation cycle. Venture capital investments had been subject to double taxation though CIT and PIT, as the profit achieved by the funds and dividends paid to shareholders were both taxed (Stroiński and Prager, 2012;Breznitz and Ornston, 2017). Regulatory uncertainty is also high.…”

mentioning

confidence: 99%

Financing innovative business investment in Poland

Goujard¹,

Guérin²

2018

OECD Economics Department Working Papers

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JT03434116 This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. ECO/WKP(2018)28 Unclassified English-Or. English ECO/WKP(2018)28 2 OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the author. Working Papers describe preliminary results or research in progress by the author(s) and are published to stimulate discussion on a broad range of issues on which the OECD works.

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“…In addition, they also emphasised the need for a supportive policy environment for companies undertaking investment in innovation, and in the subsequent commercialisation of that innovation. Similar points were raised by Breznitz and Ornston (2017) who provided the example of Finland and Israel, where long-term and consistent funding for R&D and innovation from starting in 1970s had managed to transform countries into knowledge-intensive economies.…”

Section: Funding Availability and Financial Readinessmentioning

confidence: 57%

Factors affecting outcomes of EU-supported investments in innovation among SMEs in the Greater Poland (Wielkopolska) region, Poland

Mikołajczak

Pawlak

2017

JRME

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Structured Abstract:Purpose: The European Union offers support mechanisms to help small and medium sized enterprises (SMEs) to innovate and grow. Given the substantial contribution of SMEs to national economies, the present paper explores what factors tend to be associated with the success of EU-supported innovation by SMEs in Poland during its early post-accession period.Design/methodology/approach: A conceptual model relating the type of innovation, investment purpose, funding type and financial readiness, location and collaboration possibilities, company size and sector of operation to changes in the capital base, employment, unit price and revenue is proposed. This model is operationalised and estimated as a structural equations model and estimated using a sample of 110 SMEs surveyed in 2008 in the Greater Poland (Wielkopolska) region in Poland.Findings: Two approaches to the successful use of innovation support have been observed among the studied companies. The first approach implements market innovations to establish a presence in foreign markets and to move the product or service up the value chain. The second approach uses the funding to de-risk workforce expansion and increase production capacity.Originality/value: The paper provides the first systematic disaggregate level analysis of an early post-accession context where impacts of EU support for SME innovation are decomposed into effects of specific investment conditions and innovation type on changes in capital base, employment, unit price and ultimately revenue. The insights provided here are valuable for managers developing business and innovation strategies on the one hand, but also for policy-makers responsible for creating an entrepreneurship-friendly environment in emerging economies.

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EU Financing and Innovation in Poland

Cited by 12 publications

References 48 publications

Development of a method for selected financing of scientific and educational institutions through targeted capital investment in the development of innovative technologies

Development of a method for selected financing of scientific and educational institutions through targeted capital investment in the development of innovative technologies

Financing innovative business investment in Poland

Factors affecting outcomes of EU-supported investments in innovation among SMEs in the Greater Poland (Wielkopolska) region, Poland

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