scholarly journals Public policy of support for small business innovation in the U.S.: lessons for Russia

2014 ◽  
pp. 164-171
Author(s):  
E. A. Zinovieva ◽  
A. Balyshev
Keyword(s):  
Small Business ◽  
Small Firms ◽  
High Technology ◽  
The United States ◽  
Policy Support ◽  
Actual Problem ◽  
Innovation Development ◽  
Business Innovation ◽  
Small Business Innovation ◽  
The Government

The article analyzes the characteristics of the program of Assistance to Small Business Innovation Research (SBIR) in the United States. This program is aimed at support and subsequent commercialization of high technology developed by small firms. The government agencies involved in the implementation of the program determine the research areas manage the allocated funds themselves. The program has been in operation for over 30 years and has proven to be effective. It provides business with funds necessary at the primary, the most risky phase of production of innovative goods and services, and also gives signals to the market about popular areas of innovation development. Participation in the program is a guarantee of a high level for innovative product or service produced by the firm and allows companies to raise additional funds. Conclusions drawn from the analysis of the SBIR may be useful for the policy support of science and technology in Russia. The implementation of programs similar to SBIR in Russia will solve the actual problem of innovation development, to reduce information asymmetry in the market of innovative products and services and help in attracting venture capital in high-technology projects.

scholarly journals Evaluation of the Small Business Innovation Research Program in Japan

SAGE Open ◽  
2017 ◽  
Vol 7 (1) ◽  
pp. 215824401769079 ◽  
Author(s):  
Hiroyasu Inoue ◽  
Eiichi Yamaguchi
Keyword(s):  
Small Business ◽  
Research Program ◽  
Empirical Data ◽  
Small Firms ◽  
Small Business Innovation Research ◽  
Regression Analyses ◽  
Business Innovation ◽  
Innovation Research ◽  
Sbir Program ◽  
Small Business Innovation

The Small Business Innovation Research (SBIR) program conducted by the Japanese government is intended to enable the rapid growth of small firms. Using comprehensive empirical data, this study examines the performances of firms that are directly affected by the program. First, to provide an outline, this study compares the changes in sales, employment, and the number of patents between SBIR awardees and matched firms. It cannot be shown that SBIR awardees have better performance using those indices. Second, this study conducts regression analyses to control for firm sizes, multiple awards, technological levels, the value of venture capital in a region, and population in regions. As a result, this study does not find that SBIR awardees have advantages after applying these detailed controls. This study shows that further detailed investigation is required to prove the benefit of the SBIR program.

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