We investigate the effect of Europe's largest multilateral subsidy program for R&D-performing small and medium-sized enterprises. The program applied a specific budget allocation rule, referred to as Virtual…
Assessing the role of publicly funded scientifc research in entrepreneurial ecosystems is of great interest for science and entrepreneurship policy. Knowledge from academic research fows into the private sector…
The paper analyses how geographical clustering of beneficiaries might affect the effectiveness of public innovation support programs. The geographical proximity of firms operating in the same industry or field…