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What is Economic Subsidy

Handbook of Research on Digital Transformation and Challenges to Data Security and Privacy
The economic subsidy consists of a direct contribution of public resources to companies to carry out innovative projects.
Published in Chapter:
Digital Transformation, Public Policies, and the Triple Helix: A Case Study of the City of Salvador
Ivan Euler Paiva (SENAI CIMATEC, Brazil), Sérgio Maravilhas (SENAI CIMATEC, Brazil & UNIFACS, Salvador University, Brazil), Flavio Souza Marinho (SENAI CIMATEC, Brazil), and Renelson Ribeiro Sampaio (SENAI CIMATEC, Brazil)
DOI: 10.4018/978-1-7998-4201-9.ch017
Abstract
This exploratory and descriptive study aims to analyze the impacts and effectiveness of a public innovation policy promoted by a city hall in a Brazilian state capital involving startups, large companies, and a scientific and technological institution between 2017 and 2019; the purpose of this study is to promote economic development and address urban problems common to large metropolises. The strategy adopted, inspired by the propositions of the Triple Helix, was able to bring together startups, large companies, a city hall, and an important representative of academia. The results indicate the evolution of indicators of entrepreneurship in the city and present important lessons for the formulation of municipal innovation policies in Brazil.
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