Public Policies Towards Research Joint Venture: Institutional Design and Participants' Characteristics Articles uri icon

publication date

  • July 2008

start page

  • 1057

end page

  • 1065

issue

  • 6-7

volume

  • 37

international standard serial number (ISSN)

  • 0048-7333

electronic international standard serial number (EISSN)

  • 1873-7625

abstract

  • In this paper, we present several insights regarding the influence of institutional design on the process of Research Joint Venture (RJV) formation. Our results are obtained with a firm-level dataset on RJVs formed under the umbrella of the Eureka initiative and of the European Union's Framework Programmes (EU-FPs) for science and technology. We focus on firms that are known to have a high probability of forming RJVs, with the latter identified as firms with a past experience in collaborative research. The results indicate that EU-FP RJVs are consistent with a "top-down" and "mission oriented" research policy. By contrast, Eureka RJVs appear as more market driven and "bottom-up".