Prioritizing Methods of Financing Innovation and Research and Development for Economic Growth

mahbubeh delfan ¹ ( Assistant Professor, Economics, Department of Economics, Faculty of Management and Economics, Lorestan University, Khorramabad, Iran )
Amin Beiranvand ² ( Assistant Professor, Economics, Department of Economics, Faculty of Management and Economics, Lorestan University, Khorramabad, Iran )

Submited date : 2025-05-12 Accepted date : 2026-05-07

Keywords: Financing, Research and Investigation, Innovation Fuzzy Delphi Method,

Abstract :

According the existing endogenous growth literature, research and development can be considered as a significant factor in enhancing gross domestic product (GDP). The objectives of research and development can be different but are generally categorized into four groups based on a review of the existing literature: 1 Expanding the frontiers of knowledge and enriching existing science, 2. Patent registration or innovation, 3. Increasing productivity, and finally 4. Creating innovation in the production process and production of new capital goods.

The present study seeks to prioritize the best financing methods for each of the aforementioned four objectives using the fuzzy Delphi method.

The results obtained from the Delphi questionnaire are as follows: 1. From the experts' point of view, private accelerators and incubator are the top priority for financing research aimed at creating new ideas and prod; 2. Regarding the most appropriate methods of financing research to expand the boundaries of knowledge, direct government investment is the primary method, followed by government loans, guarantees, and tax incentives; 3. For research aimed at improving productivity, venture capital funds, corporate venture capital are emphasized; 4. From the perspective of experts, corporate venture capital is the first priority for financing research to promote innovation in the production process, followed by various types of private venture capital

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