<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Innovation is crucial for companies to stay competitive, provide value to customers, and generate profits. Likewise, research and development (R&amp;D) is critical for companies to sustain productivity growth. Spain has lagged behind other countries in terms of R&amp;D investment, with only 1.4% of its GDP allocated to R&amp;D, well below the European average. To improve this situation, the government offers subsidies to stimulate R&amp;D in Spanish companies. This study examines the profile of subsidized companies in Spain. The aim is to provide insight into the support for companies that apply for innovation subsidies by analyzing the profile of subsidized companies and identifying key variables influencing the success of obtaining innovation grants. The study is based on advanced estimation methods. Natural language processing (NLP), artificial neural network (ANN) techniques, and clustering are used to perform rigorous and robust analysis of the profile of subsidized companies in Spain. The study thus contributes to knowledge in the field of innovation subsidies</p> 
</abstract>

Innovation is crucial for companies to stay competitive, provide value to customers, and generate profits. Likewise, research and development (R&D) is critical for companies to sustain productivity growth. Spain has lagged behind other countries in terms of R&D investment, with only 1.4% of its GDP allocated to R&D, well below the European average. To improve this situation, the government offers subsidies to stimulate R&D in Spanish companies. This study examines the profile of subsidized companies in Spain. The aim is to provide insight into the support for companies that apply for innovation subsidies by analyzing the profile of subsidized companies and identifying key variables influencing the success of obtaining innovation grants. The study is based on advanced estimation methods. Natural language processing (NLP), artificial neural network (ANN) techniques, and clustering are used to perform rigorous and robust analysis of the profile of subsidized companies in Spain. The study thus contributes to knowledge in the field of innovation subsidies

Unlocking the secrets of Spain’s R&amp;D subsidies: An advanced analysis of applicant companies

Department of Financial Economics and Accounting

Department of Communication and Social Psychology

Applied Mathematics and Nonlinear Sciences

This work is licensed under the Creative Commons Attribution 4.0 International License.

Unlocking the secrets of Spain’s R&D subsidies: An advanced analysis of applicant companies

Innovation is crucial for companies to stay competitive, provide value to customers, and generate profits. Likewise, research and development (R&D) is critical...

Unlocking the secrets of Spain’s R&D subsidies: An advanced analysis of applicant companies

Publié en ligne: 31 oct. 2023

Pages: 3521 - 3544

Reçu: 29 mars 2023

Accepté: 04 juil. 2023

DOI: https://doi.org/10.2478/amns.2023.2.01144

Mots clés
Innovation subsidies, public funds, R&D, innovation strategy, natural language processing, neural network, finite mixture model

© 2023 Mónica Espinosa-Blasco et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Unlocking the secrets of Spain’s R&D subsidies: An advanced analysis of applicant companies

Publié en ligne: 31 oct. 2023

Pages: 3521 - 3544

Reçu: 29 mars 2023

Accepté: 04 juil. 2023

DOI: https://doi.org/10.2478/amns.2023.2.01144

Mots clésInnovation subsidies, public funds, R&D, innovation strategy, natural language processing, neural network, finite mixture model

© 2023 Mónica Espinosa-Blasco et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Mots clés
Innovation subsidies, public funds, R&D, innovation strategy, natural language processing, neural network, finite mixture model