Access to public funding for innovation: the role of commercialization capabilities

Authors

DOI:

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

Keywords:

Commercialization capability, Innovation, Public Funding, SMEs

Abstract

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 technologies in all stages of new product development in Information Technology [IT] companies, including fundraising. This research, therefore, aims at verifying the practice of this capability in obtaining reimbursable public financing. Therefore, we conducted a qualitative study based on interviews with SMEs managers and entrepreneurs 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 understanding 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 its business. Such capabilities are highly associated with the proposal's credit approval.

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Author Biographies

Tatielle Menolli Longhini, IFMG - Instituto Federal de Minas Gerais / Ouro Branco (MG)

Engenheira de Produção pela Universidade Federal de Viçosa (UFV). Doutoranda e Mestre em Administração pela Universidade Federal de Minas Gerais (UFMG). Docente do Instituto Federal de Minas Gerais (IFMG)

Kenyth Alves de Freitas, Grupo Educacional Ibmec / São Paulo (SP)

Doutor em Administração de Empresas pela Fundação Getulio Vargas (EAESP). Bacharel em Ciências Econômicas (2013) e Mestre em Administração (2015), ambos pela Universidade Federal de Minas Gerais (UFMG)

Wandick Leão Féres, Insper – Instituto de Ensino e Pesquisa / São Paulo (SP)

Doutor em Administração de Empresas pela Fundação Getulio Vargas (EAESP). Bacharel em Administração de Empresas pelo Centro Universitário Metropolitano de São Paulo (UNIMESP) e Mestre em Administração de Empresas pelo Centro Universitário FEI

Francisco Vidal Barbosa, Universidade Federal de Minas Gerais (UFMG) / Belo Horizonte (MG)

Professor titular da Universidade Federal de Minas Gerais e professor visitante da University of Applied Sciences Schmalkalden - Alemanha desde 2002. Pós-doutorado em Gestão de empresas de base tecnológica - setor de biotecnologia pela Harvard University em Cambridge - EUA (2001/2002), doutorado em Competitividade Empresarial - Aston University em Birmingham - Reino Unido (1996), mestrado em Administração pela Universidade Federal de Minas Gerais (1984). Possui graduação em Engenharia Mecânica pela Universidade Federal Fluminense (1977), graduação em Administração pela Universidade Federal de Minas Gerais (1983)

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Published

2023-06-12

How to Cite

Longhini, T. M., Freitas, K. A. de, Féres, W. L., & Barbosa, F. V. (2023). Access to public funding for innovation: the role of commercialization capabilities. Exacta, 21(2), 398–430. https://doi.org/10.5585/exactaep.2021.18876

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