Project R-12643

The synergetic or cannibalizing effect of a mixed instrument of subsidies for innovation and venture capital on the innovative and competitive power of companies. (Research)

This study examines a joint investment project of VLAIO and LRM (the "Doorbraaklening") in which innovative business investment projects are supported by a combination of private funding (LRM) and innovation subsidies (VLAIO). We investigate the conditions under which this mixed financing has a synergistic or cannibalizing effect. We further examine under which circumstances both instruments (together and separately) are effective as leverages for competitiveness-enhancing innovation through projects in the domains of digitization, sustainability or internationalization. We adopt both existing databases in which these combinations can be found, and set up our own empirical research among participating firms. In parallel, we follow several participating companies longitudinally via strategy process analysis

01 July 2022 - 30 June 2025