"We need to cut down on selective programs"


Roger Svensson, IFN, participated on Friday in a panel discussing Anders Gustafsson's dissertation "Industrial Policy: Political Considerations, Payoffs, and Peculiar Incentives." The seminar was organized by Ratio. "We have to pull down on selective programs," said Roger Svensson. He advocated a bottom-up-perspective, that is, today's financial support is replaced with general tax incentives so that more people can start innovative projects in companies. "Or give tax incentives for individuals to invest in unlisted companies, like in Britain."

Roger Svensson also proposed that existing programs be evaluated and revised before new launches. "There are 10 billion in state venture capital and only half are invested. Nevertheless, new programs start and add another 2.5 billion ..."

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