ACCESS TO PUBLIC FUNDING FOR INNOVATION: The role of commercialization capabilities

Tatielle Menolli Longhini, Kenyth Alves de Freitas, Wandick Leão Féres, Francisco Vidal Barbosa

Resumo


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 technology in all stages of new products development in Information Technology (IT) companies, including fundraising. This research, therefore, aims at verifying the practice of this capability in obtaining reimbursable public financing. Due to this, a qualitative study was conducted with SMEs 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 the understanding of 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 their business. Such capabilities are highly associated with the proposal's credit approval.

Palavras-chave


Commercialization capability. Innovation. Public Funding. SMEs.

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Referências


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DOI: https://doi.org/10.5585/exactaep.2021.18876

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