Abstract:

The role of science-industry interaction has received considerable attention in the case of knowledge-based economy. However, it requires some research in the field of funding mechanism, which can give incentives for key actors of the knowledge transfer process. The implication is using best practice of European countries experience in emerging economy countries in the aim of improvement science-industry interaction. On the other hand, it could be driving force to exchange and create knowledge in the framework of R&D cooperation. Besides it provides firms with the opportunity to better access the broad knowledge base of universities, leading to product innovations with a higher degree of novelty. The study further define perspectives of using innovation voucher schemes taking into account funding resources.