ERC science and invention: Does ERC break free from the EU Paradox?

IF 7.5 1区管理学 Q1 MANAGEMENT Research Policy Pub Date : 2024-06-24 DOI:10.1016/j.respol.2024.105038

Jay Prakash Nagar , Stefano Breschi , Andrea Fosfuri

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引用次数: 0

Abstract

We explore the relationship between government-supported science and its translation into inventive activities, focusing on the European Research Council (ERC), the principal funding mechanism for top-quality research in Europe. We show that, compared to similar European research, ERC science accrues a greater number of patent citations. Moreover, patents that draw upon ERC research are of superior quality, measured by forward citations. Compared to similar European research, inventive activities arising from ERC science are more likely to be housed within universities and public research organizations. In absolute terms, however, US organizations, especially US companies, still lead in deriving the greatest benefits from ERC science. The significant disparity in corporate sector patenting linked to ERC science in the US and EU is fueled by inventions undertaken by startups, highlighting the crucial role of a dynamic startup landscape in driving inventions at the frontier of science. Overall, our findings suggest that ERC science continues to face challenges associated with the so-called European Paradox.

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ERC 科学与发明：ERC 是否摆脱了欧盟悖论？

我们以欧洲顶级研究的主要资助机制--欧洲研究理事会（ERC）为重点，探讨了政府支持的科学与其转化为发明活动之间的关系。我们发现，与欧洲同类研究相比，欧洲研究理事会的科学成果获得了更多的专利引用。此外，根据正向引用情况衡量，利用 ERC 研究成果的专利质量更高。与欧洲的类似研究相比，ERC 科学研究产生的发明活动更有可能在大学和公共研究机构中进行。然而，从绝对值来看，美国组织，尤其是美国公司，仍然是从 ERC 科学中获益最多的组织。在美国和欧盟，与 ERC 科学相关的企业部门专利申请的巨大差异是由初创企业的发明促成的，这突出表明了充满活力的初创企业环境在推动科学前沿的发明创造方面发挥着至关重要的作用。总之，我们的研究结果表明，ERC 科学仍然面临着与所谓的欧洲悖论相关的挑战。

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来源期刊

Research Policy MANAGEMENT-

CiteScore

12.80

自引率

6.90%

发文量

182

期刊介绍： Research Policy (RP) articles explore the interaction between innovation, technology, or research, and economic, social, political, and organizational processes, both empirically and theoretically. All RP papers are expected to provide insights with implications for policy or management. Research Policy (RP) is a multidisciplinary journal focused on analyzing, understanding, and effectively addressing the challenges posed by innovation, technology, R&D, and science. This includes activities related to knowledge creation, diffusion, acquisition, and exploitation in the form of new or improved products, processes, or services, across economic, policy, management, organizational, and environmental dimensions.