State support of R&D and innovation in the business sector of the European Union`s countries

The article describes a set of state support measures R & D and innovation in the business sector of the European Union member countries. The content of direct and indirect methods for subsidizing R & D and innovation activities is revealed, the instruments of their practical implementation in the entrepreneurial sector of various EU countries are systematized. The characteristic long-term trends in the growth volume of state support of R & D and innovation in the business sector and the displacement of the vector of this support in favor of indirect measures (in the form of tax benefits and preferences)

Keywords: R&D funding, innovation, government regulation, tax relief, European Union

References

  1. O. V. Bogacheva, O. V. Smorodinov. Actual issues of the organization of public financing in the OECD countries//Financial Journal. 2019, № 2. pp. 37–50.
  2. E. S. Vylkova, N. N. Pokrovskaja. Improvement of state regulation of R&D of private business for the purpose of innovative growth//Journal of New Economy. 2016. № 6. pp. 75–88.
  3. V. G. Zinov, N. G. Kurakova, A. V. Ozornin. Drivers of economic development: university science or industrial companies?//Innovations. № 4. 2015. pp.21–26.
  4. V. P. Klavdienko. Tax incentives for innovative activity in business sector//Innovations. № 7. 2018. pp. 28–32.
  5. Final Report available — Benchmarking of innovation procurements investments and policy frameworks across Europe. European Commission. 16 April 2021.
  6. Framework for state aid for research and development and innovation. European commission//Official Journal of the European Union. 27.06.2014.
  7. Government`s many roles in fostering innovation. PwC. 2010.
  8. OECD (2020). Compendium of information on R&D incentives 2020//http://oe.cd/rdtax
  9. OECD (2021). Main Science and Technology Indicators. Paris. 2020. Vol.2.
  10. OECD (2021). Measuring Tax Support for R&D and Innovation. Paris. 2021.
  11. OECD (2017). Science, Technology and Industry Scoreboard. Paris. 2017.
  12. OECD (2016). Science, Technology and Innovation Outlook. Policy Profile. Paris. 2016.
  13. OECD (2021). Science, Technology and Innovation Outlook. Paris. 2021.
  14. State Aid in research, development&innovation. A guide for universities. Association for University Research and Industry Links (AURIL). 2016.

Authors