UK innovation policy instruments

Molchanova S.M.1,2, Drozdova A.P.1,2
1 Санкт-Петербургский государственный университет, Russia
2 аэрокосмического приборостроения, Russia

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Journal paper

Russian Journal of Innovation Economics (РИНЦ, ВАК)
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Volume 9, Number 4 (October-December 2019)

Citation:

Molchanova, S. M., & Drozdova, A. P. (2019). UK innovation policy instruments. Russian Journal of Innovation Economics, 9(4), 1215-1226. https://doi.org/10.18334/vinec.9.4.41289

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=42555565
Cited: 4 by 24.01.2023

Abstract:
The article notes the positive changes that have occurred in the system of venture investment and support for enterprises in the early stages of the life cycle in recent years in the UK. The existing shortcomings in some instruments of innovation policy are noted in comparison with innovatively efficient countries of the world. The scientific and technical leadership of the UK in financing projects is substantiated by examples of international cooperation in promising areas of science and technology. The effective implementation of integrated research in the British ecosystem is shown. Examples of a British innovative grant funding program are provided to support the most effective and commercially viable ideas in a number of technology areas

Keywords: innovative infrastructural elements, development of international cooperation, innovative strategy, economic and social needs, venture investment, preferential taxation, scientific and technical leadership, public funding, mechanisms for motivating the British ecosystem

JEL-classification: O31, O32, O33

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