The impact of public funding : A qualitative study analyzing the Vinnova program VINN-verifiering

Sammanfattning: The purpose of this report was to investigate how the innovation process impact commercialization of innovations with funding. This was accomplished by conducting qualitative interviews, an extensive literature review and a review of corporate documents. The empirical data was that was used to address the purpose was gathered from the program VINN-verifiering at Vinnova, Sweden’s innovation agency. The program was expected to help business concepts to become commercialized, or come closer to commercialization. The intention of the report was to highlight the importance of funding for business concepts by analyzing the program VINN-verifiering. It was also intended to provide insight into how the funding impacts innovations. The most important findings were that the public funding during the innovation process overall had a positive impact on the commercialization. The funding was not enough to reach commercialization in any case. However, this was expected as the funding was limited. The public funding during the innovation process did, however, shorten the time to commercialization. It made it also possible for them to reach as far as they did, without funding more projects would still be in a scientific research phase.