View Article |
Financial support for innovation: implementation of a technology driven policy initiative in emerging economies
Dzulkifli Mukhtar1.
Emerging economies have introduced a portfolio of policies to propel economic
development. Policies are acknowledged as powerful tools to promote industrialisation and
economic diversification. The features of these policies are not only confined to established
emerging economies but also mid-ranking emerging economies like Malaysia. As the country
moves towards a knowledge-based economy, this study provides insight into how a policy
comprising a financial initiative introduced by Malaysian Government has been used to enhance
capabilities of indigenous small and medium enterprises particularly for innovation. This study
is exploratory since it seeks to find out how firms developed and enhanced their innovation
capabilities in the presence of government policy. It identifies the implementation of the financial
initiative in particular is in line with the specific objectives of the policy which is intended to
support commercialisation of research outputs among indigenous small firms. This study also
found that this policy initiative tends to affect the latter end of the innovation process (i.e. in
particular in the exploitation phase) rather to the innovation process in general. This study
contributes to closing some of the gaps in research into public support for innovation and
development of knowledge-based economy within emerging economies. In particular it identifies
the target group and impact of such policy initiative, particularly in the context of policies
designed to upgrade firm’s capacity to carry out new product development process for hightechnology
products.
Affiliation:
- Universiti Malaysia Kelantan, Malaysia
Download this article (This article has been downloaded 170 time(s))
|
|
Indexation |
Indexed by |
MyJurnal (2021) |
H-Index
|
1 |
Immediacy Index
|
0.000 |
Rank |
0 |
|
|
|