Public spending on R&D has positive effects

4subsea has received funding from RCN and SkatteFUNN. – These are very interesting findings, and we are pleased that the evaluation shows that research is profitable, for society and businesses alike. A more research oriented industry is necessary to ensure value creation, competitiveness and efficient utilisation of resources. The Research Council will encourage more research-based innovation in all business sectors in the future, says Arvid Hallén, Director General of the Research Council of Norway (RCN).

(Photo: Sverre Jarild) The report, "Evaluation of R&D- and innovation-supporting policies" (in Norwegian only), was published by Statistics Norway on 8 April. They have studied the effects of government financing policies aimed at promoting value creation and innovation. Statistics Norway's analysis includes the tax incentive scheme SkatteFUNN, the innovation-oriented policy of Innovation Norway (IN) and relevant instruments under the auspices of the RCN, as well as export supporting programmes by the Norwegian Export Credit Guarantee Agency (GIEK) and Export Credit Norway.

Key findings

  • When a company receives funding, it scales up operations. Revenues increase, as does the number of employees. Calculations show that NOK one million in support through SkatteFUNN results in between 1.2 and 1.7 new full time employees.
  • NOK one million in funding from SkatteFUNN increases value creation in a company by1.8 million per year compared with similar entities that have not received funding.
  • Research capital in businesses that the RCN or SkatteFUNN have supported gives a 7 percent return on investment.
  • Support under NOK 500,000 shows no documentable effects.
  • Support over NOK 1.5 million provides the greatest effects.
  • SkatteFUNN can document very positive results – among them a positive effect on young businesses.

The RCN supports research-intensive businesses that over time may conduct many large-scale projects of high quality. For SkatteFUNN and Innovation Norway, the threshold for financial support is lower, but the survey shows that support from these two sources may serve as door openers for obtaining funding for major research projects from the RCN later.


Related news

Latest news

Great interest in smart options

An increasing number of people become aware of how smart options can make the construction process more efficient and life for residents easier, says product manager NorDan Smart, Olav Hjørungnes.

Salmon Wellboat Sails Electric

The new MS SEIHAV has now gone on chart with the Norwegian salmon farming company Lerøy Seafood Group. A reliable and environmentally sustainable propulsion arrangement has been chosen for MS SEIHAV.

Servogear at Interferry 2016

It is almost time for the 41th annual Interferry Conference. From October 15-19, Servogear will be present in Manila.

Strainstall mooring monitoring for Hywind

Strainstall provides specialised mooring monitoring for pioneering floating offshore wind farm project, Hywind. Collaboration with MacGregor delivers fully integrated mooring solution to monitor the forces on the floating ...

NSM Signs contract with Embraer

Norwegian Special Mission signed a contract with Embraer to supply six (6) UNIFIS 3000 Navaids Flight Inspection Systems to be integrated into six Embraer Legacy 500 aircraft.

Designing the energy solutions for autonomous airships

The Stratobus project is a new concept for an autonomous airship, operating at an altitude of about 20 kilometers. It is led by Thales Alenia Space (TAS). CMR Prototech has been chosen by Thales Alenia Space to s...

Expanded collaboration with DNV GL - Business Assurance

Steinsvik and DNV GL - Business Assurance have signed a framework agreement on product certification of barges for aquaculture.

"Maud" Returns Home

CMR had two men working on the research ship "Maud", Harald Ulrik Sverdrup and Odd Dahl. Both helped Roald Amundsen to get his project through and this highly scientific expedition could be realized. Sverdrup was scientifi...

The impact of NORCOWE

"NORCOWE has been instrumental for StormGeo’s positioning in the [offshore wind] market, " StormGeo’s vice president Renewables Jostein Mælan declared at NORCOWE 2016.