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...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Global Academic Excellence
2021
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| Online Access: | http://eprints.uthm.edu.my/6256/1/J13138_12fcd260aeb468d1991953c49b115cc9.pdf |
| _version_ | 1825710156807143424 |
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| 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 |
| collection | UTHM |
| 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. |
| first_indexed | 2024-03-05T21:53:21Z |
| format | Article |
| id | uthm.eprints-6256 |
| institution | Universiti Tun Hussein Onn Malaysia |
| language | English |
| last_indexed | 2024-03-05T21:53:21Z |
| publishDate | 2021 |
| publisher | Global Academic Excellence |
| record_format | dspace |
| spelling | 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 |
| 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 |
| title | 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_short | 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 |
| topic | HD45-45.2 Technological innovations. Automation TA168 Systems engineering |
| url | http://eprints.uthm.edu.my/6256/1/J13138_12fcd260aeb468d1991953c49b115cc9.pdf |
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