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dc.titleImplementing Innovation Policies: Capabilities of National Development Banks for Innovation Financing
dc.contributor.authorCarreras, Marco
dc.contributor.authorGriffith-Jones, Stephany
dc.contributor.authorOcampo, José Antonio
dc.contributor.authorXu, Jiajun
dc.contributor.authorHenow, Anne
dc.contributor.orgunitCompetitiveness, Technology and Innovation Division
dc.coverageBrazil
dc.coverageChile
dc.coverageChina
dc.coverageColombia
dc.coverageFrance
dc.coverageRepublic of Korea
dc.coverageMexico
dc.coverageLatin America and the Caribbean
dc.coverageEurope
dc.coverageSouthern Cone
dc.coverageSouth America
dc.coverageAsia
dc.date.available2022-07-26T00:07:00
dc.date.issue2022-07-26T00:07:00
dc.description.abstractThis comparative note describes common and distinct practices on capabilities to support the innovation activities of seven national development banks (NDB): BNDES (Brazil), CORFO (Chile), China Development Bank, CDB (China), BANCOLDEX (Colombia), Bpifrance (France), Korean Development Bank, KDB (South Korea), and NAFINSA (Mexico). The analysis studies the strategies followed by the selected NDBs for the design and implementation of innovation support programs and the capacities they need to be successful. Little is known about the experience of these NDBs in the world that have been the most successful in designing and implementing programs to support innovation. Building on the primary data collected through flexible semi-structured interviews with current or former NDBs officials, validated and supplemented by interviews with stakeholders outside the NDB, this study asks the following research questions: (i) What priority do NDBs assign to the financing of innovation projects?; (ii) Which operational models would be most effective in financing high-potential innovation projects, avoiding capture? Should they operate on the first and/or second tier?; (iii) What capabilities(a) governance; (b) technical (financial and technological); and (c) operational (implementation and sustainability)should NDBs develop to support innovation credit?; (iv) how, based on their contact with clients, can NDBs help identify market failures faced by innovative companies and thus produce and organize information on potential projects with high social returns?; and (v) What is the best framework for coordinating the work of the NDBs with the innovation agencies?
dc.format.extent100
dc.identifier.doihttp://dx.doi.org/10.18235/0004390
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Implementing-Innovation-Policies-Capabilities-of-National-Development-Banks-for-Innovation-Financing.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectDevelopment Bank
dc.subjectFinance
dc.subjectInnovation Policy
dc.subjectInnovation
dc.subjectEconomy
dc.subjectInvestment
dc.subjectSmall Business
dc.subjectBank Loan
dc.subject.jelcodeO12 - Microeconomic Analyses of Economic Development
dc.subject.jelcodeO16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance
dc.subject.jelcodeO23 - Fiscal and Monetary Policy in Development
dc.subject.jelcodeO31 - Innovation and Invention: Processes and Incentives
dc.subject.jelcodeO38 - Government Policy
dc.subject.keywordsinnovation;national development banks;public financial resources
dc.typeMonographs
idb.identifier.pubnumberIDB-MG-01035
idb.operationRG-E1715
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