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Project 3 Innovation in smes

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ERC3 - Project 3 Innovation, growth and productivity in SMEs

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Project 3 Innovation in smes

  1. 1. Innovation, growth and productivity in SMEs Stephen Roper, Nola Hewitt-Dundas, Bettina Becker, Jo Turner
  2. 2. Linking investment, innovation and productivity Source: Roper, S (2018) Exploring the links between design investment, innovation and productivity, ERC Insight paper, forthcoming. Research funded by the Design Council Design engagement increases the probability of innovating by around a third or by 8 pp
  3. 3. Research Questions 1. What drives innovation in SMEs? How important is R&D? Analysis by sector and size. 2. Which types of innovation (NTM, NTF, organisational strategic etc.) have the greatest productivity payoffs? 3. How do these payoffs vary depending on whether the innovation was publicly or privately funded? 4. How does the use of formal intellectual property protection influence these payoffs?
  4. 4. Building blocks Key insights Rosenbusch, N.; J. Brinckmann; and A. Bausch. 2011. Benefits of innovation are contextual sector matters as does ambition and the stage of development of the firm Vahter, P.; J.H. Love; and S. Roper. 2014. Small firms are different in terms of the returns to innovation and collaboration Vanino, E.; B. Becker; and S. Roper. 2017. Public policy impacts vary by type of support, firm size etc. Czarnitzki, D. and C. Lopes-Bento. 2014. Public and private payoffs may vary – complementarity between EU and national funding Hervas-Oliver, J. L., Sempere-Ripoll, F., Boronat-Moll, C., & Rojas, R. (2015). Innovation without R&D – collaboration and management investment can act as substitutes
  5. 5. Data sources RQ1 What drives innovation in SMEs? How important is R&D? Analysis by sector and size. RQ2 Which types of innovation (NTM, NTF, organisational strategic etc.) have the greatest productivity payoffs? UK innovation survey – add 2017 survey and use the panel and cross-sectional elements of the survey. BSD match for longer-term productivity payoffs. Micro- business data for micros RQ3 How do these payoffs vary depending on whether the innovation was publicly or privately funded? UK innovation survey/ BSD matched with GtR data and also region/national/EU government funding indicators in UKIS RQ4 How does the use of formal intellectual property protection influence these payoffs? UKIS/BSD/GtR data matched with IPO data on formal protection mechanisms
  6. 6. Project timeline Research question Timing Publicly and privately funded R&D impacts – an initial look July 2018, ERC Insight Paper What drives innovation in SMEs? How important is R&D? Analysis by sector and size. September, Research Paper 1 Which types of innovation (NTM, NTF, organisational strategic etc.) have the greatest productivity payoffs? Nov/Dec, ERC Research Paper 2 How do these payoffs vary depending on whether the innovation was publicly or privately funded? Nov/Dec, ERC Research Paper 2 How does the use of formal intellectual property protection influence these payoffs? February, ERC Research Paper 3
  7. 7. References Rosenbusch, N.; J. Brinckmann; and A. Bausch. 2011. Is innovation always beneficial? A meta- analysis of the relationship between innovation and performance in SMEs. Journal of Business Venturing 26:441-457. Vahter, P.; J.H. Love; and S. Roper. 2014. Openness and Innovation Performance: Are Small Firms Different? Industry and Innovation 21:553-573. Vanino, E.; B. Becker; and S. Roper. 2017. Assessing the business performance effects of receiving publicly-funded science, research and innovation grants. ERC Research Paper Czarnitzki, D. and C. Lopes-Bento. 2014. Innovation Subsidies: Does the Funding Source Matter for Innovation Intensity and Performance? Empirical Evidence from Germany. Industry and Innovation 21:380-409. Hervas-Oliver, J. L., Sempere-Ripoll, F., Boronat-Moll, C., & Rojas, R. (2015). Technological innovation without R&D: unfolding the extra gains of management innovations on technological performance. Technology Analysis & Strategic Management, 27(1), 19-38.

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