Business Strategy and Public Policy
Edited by Yannis Caloghirou, Nicholas S. Vonortas and Stavros Ioannides
Chapter 3: Subsidized Research Joint Ventures in Europe
3. Subsidized research joint ventures in Europe Yannis Caloghirou, Stavros Ioannides, Aggelos Tsakanikas and Nicholas S. Vonortas This chapter focuses on a special form of collaborative R&D: subsidized Research Joint Ventures that have been established through project-based ventures in the European area. Research Joint Ventures (RJVs) can be deﬁned as ‘cooperative agreements engaging companies, Universities and government agencies and laboratories in various combinations to pool resources in pursuit of a shared R&D objective’ (Council of Competitiveness 1996).1 The RJVs examined here are contractual agreements among independent entities, with at least one member of the consortium being a ﬁrm. Other member entities may include ﬁrms, universities, Research Institutes and other organizations. Our analysis draws information from a new extensive database – the STEP TO RJVs Databank. The chapter attempts to map the trends of shared funded Research Joint Ventures that have been established through EU Framework Programmes (EU-FWPs), the Union’s major policy initiative for the promotion of collaborative R&D, over a period of 16 years. An overview of their characteristics is presented both at the level of the research consortium and at the level of individual participants. The overview also contrasts these ventures with those formed under the EUREKA programme. The latter are nationally funded agreements for cooperative R&D, to which a European Committee awards the EUREKA label. The descriptive analysis of this chapter provides some evidence on the following questions: ● ● ● What are the major characteristics of these RJVs? Examination of their time trend, duration, size...
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