The Role of OSEO in the Financing of Innovation

Masquin, Benoît

The Role of OSEO in the Financing of Innovation - 2013.


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OSEO is a key source of financial support for French businesses, in particular for their innovation efforts. Its broad remit enables it to support firms throughout their growth. Focusing on OSEO’s support for innovation, we analyse the economic legitimacy of its role and assess its performance, notably in project selection. Specifically, we show that OSEO selects effective projects: for the same level of R&D expenditures, a project selected and 33%-financed by OSEO generates three times as many patents as a project not supported by OSEO.

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