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Navigating the impact-innovation double hurdle: The case of a climate change research fund |
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| Authors: | Fiona Lettice Palie Smart |
| Institution: | a Norwich Business School, University of East Anglia, Norwich, Norfolk NR4 7TJ, UK b Cranfield School of Management, Cranfield University, Cranfield, Beds MK43 0AL, UK c Rouen Business School, Boulevard Andre Siegfried, 76130 Mont-Saint-Aignan, France d Cranfield School of Management, Cranfield University, Cranfield, Beds MK43 0AL, UK |
| Abstract: | This paper analyses how the funding for research grants was allocated from a specific research fund which aimed to support innovative research projects with the potential to have research impact by reducing carbon emissions. The fund received a total of 106 proposals, of which 27 were successful at obtaining financial support. Our aims were to test which factors influenced the funding decision and to discover whether or not and to what extent the fund met its intended objectives through the allocation of monies. The allocation process and its outcomes were analysed using correlation, logistical and linear regression to test our research hypotheses. Using this research funding process as a single study, we found that trying to clear the impact-innovation double hurdle in a single funding initiative ultimately compromises both goals. This paper therefore contributes to our understanding of innovation management within the context of carbon emission reduction and explains which factors influenced success in securing research monies through the funding process. |
| Keywords: | Research funding Carbon emissions reduction Innovation Research impact |
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