The Effectiveness of Public Support in the Form of Innovation Vouchers - Czech regional case

摘要

Currently knowledge and innovation play important role in regional economy. We can say that innovations are engines of economic growth. Each region is trying to encourage innovation by certain tools. However, there is no universal approach, how effectively support creating a sustainable environment for creation and spread of innovation from public finance. In this context the tool supporting knowledge transfer from research institutions to private sector was developed. This tool is the innovation vouchers, which have been used for the first time in Czech Republic region - South Moravian Region (NUTS3) - since 2009. This paper is focused on evaluation of the effectiveness of financial resources spent on innovation voucher program in South Moravian Region. Evaluation will be conducted via descriptive analysis of available and published data. The obtained results will be the basis for deciding whether the public support in the form of innovation vouchers is suitable tool for the support and diffusion of innovation.