Home  Journals  Finance and Credit  24(456) - 2011 June

Ways of public financial support for innovation abroad

Available online: 23 June 2011

Subject Heading: Foreign experience

JEL Classification: 

The article investigates the role of the state in providing innovative development of major developed and developing economies, associated with the direct participation of their governments in financing science and facilitating private capital inflows to this sector due to various fiscal and financial instruments. Special focus is made on public-private partnerships which promote concentration of resources and streamline the process in the most innovative and cutting-edge areas of development.

Keywords: financing innovation, expenditure on research and development (R&D), GERD, investments in science and technology (S&T), business angels, start-up companies, venture capital funds, tax incentives and mechanisms, preferential loans, guarantees, grants, business incubators, technology parks

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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