The project investigates how public R&D subsidies, in combination with private venture capital, influence the formation, development, and long-term survival of technology-based startups across Europe. It focuses on understanding whether public support can effectively foster entrepreneurial activity and whether it complements or substitutes for private funding mechanisms. By leveraging a rich set of firm-level data on innovation, financing, and startup ecosystems, the project provides empirical evidence to inform current debates on the design and impact of innovation policy. In addition to generating academic insights, the project aims to deliver practical recommendations for the future development of public R&D support schemes at the European level.
Start: 01/2022
Duration: 4 Years
Funded by: Supported by Anniversary Fund of the Oesterreichische Nationalbank
Project lead/contact: Karl-Heinz Leitner
Project team member: Georg Zahradnik, Thomas Schnerngell, Anna Wolfmayr, Jonas Konrad
