Figure 7.
The diagram begins with S M E innovative linked to High risk and Yes, leading to Subsidies to innovative. Two boxes show Without complement and Complement with Self financing or credits. An arrow points to a triangle labelled R and D capacity is raised, with Low at the top and High at the bottom of the scale. If No from S M E innovative, Low risk leads to Public resources for non-innovators. The note explains that public subsidies enhance S M E innovation capabilities, especially when combined with self financing or credits. Sources Created by the authors.Efficacy of public resources on corporate innovation capacity when complemented with other financing channels