RI2014142 ART.Aid for innovation and research partnerships in the united kingdom

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Abstract

Academic research in the United Kingdom is outstanding, of worldwide renown, second behind Germany’s in terms of the budget allotted under the EU’s seventh Framework Program on Research and Development. In 2011, funds for R&D from private sources amounted to 17,4 billion pounds in Great Britain. Although British academia is not traditionally very oriented toward applied research, public authorities have exerted efforts for over a decade in favor of developing relations between universities and firms. The objective is to facilitate the transfer of key technology from the laboratory toward the marketplace. Thanks to these efforts and the recent tax credit for research, the results are now becoming visible.

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A growing number of investors no longer seeks mainly to earn money by running businesses, but by making transactions on property rights of companies. The purchase and resale of industrial and commercial establishments are moments where large sums of money are exchanged quickly and in which fortunes are made ​​and unmade. What are the consequences of these changes in ownership on the constant long-term development of the institutions concerned and prosperity (or decline) of their stakeholders (employees, customers, suppliers, small investors and local) ? We propose here to examine these issues from the case study of European investment in the Brazilian bioethanol.

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