Effective industrial policy implementation for open innovation: The role of government resources and capabilities

Abstract This study examines how the implementation of industrial policy through public research and development funding impacts the outcome of open innovation collaboration between public research institutes and firms. Based on empirical study of 153 public-private technology transfer projects in the context of Singapore economy and its biotechnology sector, we found that project funding significantly and positively influences their innovation collaboration outcome. We established that public research institutes’ top management team' capability in portfolio management partially mediates the conversion of project funding into innovation collaboration outcome.

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