Dipartimento di Ingegneria Gestionale

Assessing Innovation Policy

About the project

Evaluating through quantitative techniques, i.e. mainly micro-econometric analyses, recent national policy initiatives issued in the domain of firms’ innovative activities, with a specific geographic focus on the Italian context. Particular attention is paid on the study of the impact of Start-up measures aiming at enhancing the human capital, the strategies put in place and the achieved performances of innovative start-ups.

Principal Investigator:  Luca Grilli

Researcher team: Luca Grilli, Emanuele Giraudo, Boris Mrkajic, Giancarlo Giudici

Funders: Multiple

Duration: 2014-2018

Partners: MISE, Politecnico di Torino, Università di Bergamo

KEY RESEARCH QUESTIONS

Innovation policy stresses more and more the importance of start-ups in bringing innovations to the market and the scope of entrepreneurship policies is becoming increasingly vertical by targeting selected innovative start-ups and SMEs rather than new firms in general. This stylized fact is reflected in the number of Startup Acts, which have been issued worldwide to sustain the creation and the growth of innovative start-ups. In this domain, our line of research, focuses especially on the Italian Startup Act and other related policies recently issued in the Italian context (e.g. Patent box, Italia Startup Visa) to evaluate, from a microeconomic perspective and mainly through the use of quantitative techniques, whether policy interventions can alter the demography of entrepreneurs and the strategies these latter pursue, and in doing so, it may positively impact the performances of innovative start-ups. Contextually, we also explore the arising of possible complementarity of substitution effects between different innovation policy measures targeting similar firms, in order to explore possible coordination gains to be achieved by policymakers.

OUTPUTS & IMPACTS

  • Colombelli, A., Grilli, L., Minola, T., Mrkajic, B. (2019). Can the government shield the innovation of its start-ups? How different policy mechanisms affect the appropriability strategies of young innovative companies, SIEPI Conference 2019, Rome.
  • Grilli, L., Mazzucato, M., Meoli, M., Scellato, G. (2018). Sowing the Seeds of the Future: Policies for Financing Tomorrow’s Innovations, Technological Forecasting and Social Change, 127, 1-7.
  • Giraudo, E., Giudici, G., Grilli L. (2018), Entrepreneurship policy and the financing of young innovative companies: evidence from the Italian Startup Act. Best paper award R&D Management Conference 2018, Milan, 2-4 July 2018.
  • Grilli, L., Mrkajic, B., Giraudo E. (2017), Do the rules of the game determine who is playing? Institutional Change, Entrepreneurship and Human Capital, DRUID 2017 Conference, New York.

FUNDERS

Free-research through sponsored access to databases made available to the principal investigator as a member appointed by the Italian Ministry of Economic Development (MISE) of the National Committee on the “Monitoring and Evaluation of National policies for the Eco-system of Italian Innovative Start-ups and SMEs”.