The Dutch innovation voucher aims to stimulate the interaction between small and medium-sized enterprises (SMEs) and public research institutes. This document provides an estimate of the effectiveness of the innovation voucher instrument, employing the fact that the vouchers were assigned randomly by means of a lottery. The main conclusion is that the innovation voucher instrument does stimulate SMEs to engage in many new assignments with public research institutes. Out of every ten vouchers, eight are used for a project that would not have been assigned without such a voucher, one is used for a project that would have been assigned anyhow, and one voucher is not used. An overall assessment of the innovation voucher also needs to take into account the value added of the additional assignments, however. No insights have yet been obtained here.
Number of assignments per firm. Value of assignment(s). Timing of assignment(s).
Number of Assignments: 90% of the SMEs with innovation vouchers actually used them for an assignment, whereas only 10% of SMEs in the control group commissioned an assignment. The additionality of the innovation vouchers was calculated to be 8/10. 76% of SMEs in treatment group reported they would have commissioned less assignments if they had not received the voucher, whereas 86% in the control group said they would have commissioned an assignment had they been given the voucher. Value of assignment(s): 38% of firms in treatment group reported topping up the voucher with firm funds. However, due to lack of information from the control group on this the effect cannot be compared. Timing of assignment(s): Not enough information obtained to conduct quantitative analysis of this effect. With help of participant opinions from interviews, some small timing effects can be seen.