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A literature review on how tax incentives could assist innovation and SME research ecosystem

In an effort to foster the innovation and commercialization ecosystem in Malaysia, the government has introduced various tax mechanisms such as the allocation of funds from tax incentives to provide financial assistance to small and medium-sized enterprises (SMEs). As against large corporations whic...

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Main Authors: Ahmad, Nurazwa, Abdullah, Nor Hazana, Ahmad, Anita, Abu, Ghazali
Format: Article
Language:English
Published: Global Academic Excellence 2021
Subjects:
HD45-45.2 Technological innovations. Automation
TA168 Systems engineering
Online Access:http://eprints.uthm.edu.my/6256/1/J13138_12fcd260aeb468d1991953c49b115cc9.pdf
http://eprints.uthm.edu.my/6256/
https://doi.org/10.35631/AIJBES.39016
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spelling my.uthm.eprints.62562022-01-31T00:43:37Z http://eprints.uthm.edu.my/6256/ A literature review on how tax incentives could assist innovation and SME research ecosystem Ahmad, Nurazwa Abdullah, Nor Hazana Ahmad, Anita Abu, Ghazali HD45-45.2 Technological innovations. Automation TA168 Systems engineering In an effort to foster the innovation and commercialization ecosystem in Malaysia, the government has introduced various tax mechanisms such as the allocation of funds from tax incentives to provide financial assistance to small and medium-sized enterprises (SMEs). As against large corporations which have substantial research and development budgets to start with, limited capital and financial constraints in SMEs companies hinder their capabilities to fund their own R&D which in turn affect their innovation capabilities. This paper reviews various tax mechanisms and initiatives used by other countries to facilitate the SMEs’ innovation capabilities and how universities collaborate the R&D efforts with industries through grants and incentives. The findings are later compared to the research ecosystem in Malaysia, the government, the policy, and the challenges of implementation. It is concluded that SMEs could benefit from the spill over of funds from tax mechanisms to finance their R&D collaboration. This government-university-industry symbiotic triple helix linkage could create a conducive research ecosystem and benefit the SMEs in innovation capabilities and product commercialization. Global Academic Excellence 2021 Article PeerReviewed text en http://eprints.uthm.edu.my/6256/1/J13138_12fcd260aeb468d1991953c49b115cc9.pdf Ahmad, Nurazwa and Abdullah, Nor Hazana and Ahmad, Anita and Abu, Ghazali (2021) A literature review on how tax incentives could assist innovation and SME research ecosystem. Advanced International Journal of Business, Entrepreneurship and Smes (aijbes), 3 (9). pp. 228-243. https://doi.org/10.35631/AIJBES.39016
institution Universiti Tun Hussein Onn Malaysia
building UTHM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tun Hussein Onn Malaysia
content_source UTHM Institutional Repository
url_provider http://eprints.uthm.edu.my/
language English
topic HD45-45.2 Technological innovations. Automation
TA168 Systems engineering
spellingShingle HD45-45.2 Technological innovations. Automation
TA168 Systems engineering
Ahmad, Nurazwa
Abdullah, Nor Hazana
Ahmad, Anita
Abu, Ghazali
A literature review on how tax incentives could assist innovation and SME research ecosystem
description In an effort to foster the innovation and commercialization ecosystem in Malaysia, the government has introduced various tax mechanisms such as the allocation of funds from tax incentives to provide financial assistance to small and medium-sized enterprises (SMEs). As against large corporations which have substantial research and development budgets to start with, limited capital and financial constraints in SMEs companies hinder their capabilities to fund their own R&D which in turn affect their innovation capabilities. This paper reviews various tax mechanisms and initiatives used by other countries to facilitate the SMEs’ innovation capabilities and how universities collaborate the R&D efforts with industries through grants and incentives. The findings are later compared to the research ecosystem in Malaysia, the government, the policy, and the challenges of implementation. It is concluded that SMEs could benefit from the spill over of funds from tax mechanisms to finance their R&D collaboration. This government-university-industry symbiotic triple helix linkage could create a conducive research ecosystem and benefit the SMEs in innovation capabilities and product commercialization.
format Article
author Ahmad, Nurazwa
Abdullah, Nor Hazana
Ahmad, Anita
Abu, Ghazali
author_facet Ahmad, Nurazwa
Abdullah, Nor Hazana
Ahmad, Anita
Abu, Ghazali
author_sort Ahmad, Nurazwa
title A literature review on how tax incentives could assist innovation and SME research ecosystem
title_short A literature review on how tax incentives could assist innovation and SME research ecosystem
title_full A literature review on how tax incentives could assist innovation and SME research ecosystem
title_fullStr A literature review on how tax incentives could assist innovation and SME research ecosystem
title_full_unstemmed A literature review on how tax incentives could assist innovation and SME research ecosystem
title_sort literature review on how tax incentives could assist innovation and sme research ecosystem
publisher Global Academic Excellence
publishDate 2021
url http://eprints.uthm.edu.my/6256/1/J13138_12fcd260aeb468d1991953c49b115cc9.pdf
http://eprints.uthm.edu.my/6256/
https://doi.org/10.35631/AIJBES.39016
_version_ 1738581469448634368
score 13.211869

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