Sustainable innovation policy in non-walled technoparks

Abstract

Several governments support environmentally friendly initiatives in an effort to expand the reach of their national brands internationally. Because sustainability and learning growth have comparable meanings, all paths leading in this direction cross with a single phenomenon known as innovation. The more investment in innovation, the more value a company can gain. For over two decades, the Turkish government has been augmenting its financial assistance for sustainable innovation management. Two primary examples of this encouragement are the grant incentives provided for Research & Development (R&D) centers and Design centers, sometimes known as non-walled technoparks. This study focuses on how an R&D or design center contributes to the expansion of a multinational firm, especially when they receive incentives. The study uses secondary data collected from existing companies and the Ministry of Industry and Technology. The results show how sustainable innovation policy influences business activities. Also, gaining incentives from the government not only improves financial performance but also raises the bar for human resource qualifications, which can make organizations grow and get international recognition.

Keywords: Brand; design center; incentive; R&D center;  sustainable innovation.