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ISSN 1995-459X print
E-ISSN 2312-9972 online
ISSN 2500-2597 online English

Leonid Gokhberg


Ricardo Seidl da Fonseca1
  • 1 George Washington University’s Elliott School of International Affaires, 11957 E St NW, Suite 403 Washington, D.C. 20052, United States

The Practice and Future of Financing Science, Technology, and Innovation

2018. Vol. 12. No. 2. P. 6–22 [issue contents]

The importance of financing science, technology and innovation (STI) is growing increasingly relevant and is changing its content. New, more comprehensive financing mechanisms are emerging. With STI costs rising and government budgets shrinking, research and innovation has become more cooperative and network-based.

The paper discusses the different instruments and incentives available for governments to improve the financing of innovation. Two case studies illustrate government efforts from the United Kingdom and Brazil towards innovation financing issues. Lastly, recent and future STI financing trends are reviewed.
Governments continue to play a crucial and determining role in STI financing, whether through financial incentives, fiscal incentives or a mix of both. Countries with low national innovation performance should assign more weight to fiscal incentives, while countries with high innovation performance financial incentives prove more efficient.


Seidl da Fonseca R., Pinheiro-Veloso A. (2018) The Practice and Future of Financing Science, Technology, and Innovation. Foresight and STI Governance, vol. 12, no 2, pp. 6–22. DOI: 10.17323/2500-2597.2018.2.6.22

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