On the structural barriers to public innovation support for SMEs and the opportunity COVID-19 can offer to overcome these barriers

COVID-19 pandemic-related direct public support mechanisms have received more attention than previously and budgets for SME subsidies have skyrocketed around the globe. Currently, most support measures focus on short-term liquidity needs. However, policy makers have already started thinking about wh...

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Bibliographic Details
Published in:Journal of innovation management (Porto) 2020-08, Vol.8 (2), p.16-25
Main Authors: Deschryvere, Matthias, Mikkola, Markku, Conn, Steffen
Format: Article
Language:English
Subjects:
Barriers
Budgets
Coronaviruses
COVID-19
Dust
Economic structure
innovation policy, public support, r&d subsidies, structural barriers, small and medium-sized enterprises, sme, covid-19
Innovations
Pandemics
Policy making
Public opinion
Renewal
Small & medium sized enterprises-SME
Subsidies
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Summary:COVID-19 pandemic-related direct public support mechanisms have received more attention than previously and budgets for SME subsidies have skyrocketed around the globe. Currently, most support measures focus on short-term liquidity needs. However, policy makers have already started thinking about which role subsidies should play in the renewal of the economic structure once the pandemic dust has settled. The pandemic offers a good opportunity to restructure a company support system taking into account the structural barriers that innovation support systems have been subject to over the last decade. The aim of the analysis in this paper is threefold: (1) to map the barriers to innovation support, (2) to offer policy makers and SME support agencies a set of solutions to overcome these barriers and (3) to re-interpret these results against the background of the COVID-19 pandemic that started to unravel shortly after finalising the set of research interviews.
ISSN:2183-0606
2183-0606
DOI:10.24840/2183-0606_008.002_0003