Are R&D Loans Relevant for Supporting Industrial R&D: The Case of TTGV in Turkey

Abstract

In this paper, the relevance of R&D loans in Turkey has been investigated by using the example of TTGV. A descriptive analysis has been made with the help of the contemporary R&D funding literature. As a result, R&D loans provided by TTGV under the program of “Technology Development Projects” seem relevant and beneficial even though its effect is small on economic development. Its capacity should be enlarged by making it more attractive and compatible with the needs of firms, particularly of SMEs.

Keywords

• R&D loans
• R&D subsidies
• SMEs.

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