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Article

Market-, Firm-, and Project-Level Effects on the Innovation Impact of Collaborative R&D Projects

Kostopoulos K. C., Spanos Y., Soderquist K. E., Prastacos G., Vonortas N.

This study determines the factors that exert important influences on the success of collaborative research and development (R&D) projects. The study uses data from a cross-European sample of collaborative R&D projects under EU Framework Programs, supported with relevant qualitative evidence from a series of case studies, and focuses on three levels of possible factors: market, firm, and project levels. The results indicate that partnering firm innovation experience, innovation protection mechanisms, effective management of rules and regulations, and the existence of commercially driven projects that open up new technological areas are the factors with the strongest significant effect on product and/or process innovation. The findings contribute to understanding of how and under what conditions innovation can be developed in collaborative R&D projects.