@techreport{Cantner2009Picking,
abstract = {This paper investigates the allocation of R&D subsidies given to start-ups. Considering the coexistence of various R&D project schemes, we take an aggregate view and analyze the determinants of the receipt of (any) R&D subsidies within the first three business years of the start-ups. We argue that policymakers and funding authorities follow a strategy of picking the winner. Analyzing a unique data set of start-ups in the East German state of Thuringia, we conduct logistic regressions and find ambiguous support. R&D subsidies are given to start-ups with innovative business ideas, especially academic spin-offs. On the other hand, the ambitions and the patent stock of the founder(s) do not decide the receipt of R&D subsidies. These insights into the overall allocation of R&D subsidies are important since they have implications for policy effectiveness and efficiency. The implied difficulties of policy targeting fundamentally question the massive subsidization of private R&D.},
address = {Jena},
author = {Uwe Cantner and Sarah K\"{o}sters},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O38; L26; L52; 330; Start-ups; R&D subsidies; Subsidy allocation; Forschungssubvention; Unternehmensgr\"{u}ndung; Wirtschaftsf\"{o}rderung; Forschungskooperation; Wirkungsanalyse; Th\"{u}ringen},
language = {eng},
number = {2009,093},
publisher = {Univ. [u.a.]},
title = {Picking the winner? Empirical evidence on the targeting of R&D subsidies to start-ups},
type = {Jena economic research papers},
url = {http://hdl.handle.net/10419/32623},
year = {2009}
}
