Access to public funding for innovation: the role of commercialization capabilities
Small and Medium-sized Enterprises [SMEs] are still the ones that least access funds made available by public funding for innovation. The literature review identified the capacity to commercialize technologies in all stages of new product development in Information Technology [IT] companies, includi...
| Autores: | , , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2023 |
| País: | Brasil |
| Institución: | Centro Universitário de Belo Horizonte (UNIBH) |
| Repositorio: | Revista e-xacta |
| Idioma: | portugués |
| OAI Identifier: | oai:ojs.periodicos.uninove.br:article/18876 |
| Acceso en línea: | https://periodicos.uninove.br/exacta/article/view/18876 |
| Access Level: | acceso abierto |
| Palabra clave: | Commercialization capability Innovation Public Funding SMEs Capacidade de comercialização Inovação Financiamento público PME |
| Sumario: | Small and Medium-sized Enterprises [SMEs] are still the ones that least access funds made available by public funding for innovation. The literature review identified the capacity to commercialize technologies in all stages of new product development in Information Technology [IT] companies, including fundraising. This research, therefore, aims at verifying the practice of this capability in obtaining reimbursable public financing. Therefore, we conducted a qualitative study based on interviews with SMEs managers and entrepreneurs in the IT sector who were granted reimbursable lines of public funding focused on innovation by a development bank. The results suggest that the capabilities in commercializing new technology are supported by understanding the criteria of funding notices, by the company's capability to present its product's innovative potential and social-economic impact to the Bank, and in the capability of displaying the solidity of its business. Such capabilities are highly associated with the proposal's credit approval. |
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