A Government-Subsidies Incentive Mechanism for Research and Development of Industrial Generic Technologies

The research and development (R&D) of industrial generic technologies (IGTs) is a collaborative innovation involving many stakeholders. The key to ensure the R&D success of IGT is how to effectively mobilize various stakeholders to take a more active approach to increase the degree of joint efforts and cooperation. Considering that the degree of effort and cooperation among the stakeholders, and the commonality of IGT and the difficulty of subsequent commercialization have an important impact on its success, in this article, we exploit the thought and methods of gray-target decision model, group negotiations, and game theory to design a government-subsidies incentive mechanism. Besides, considering the government's special role in the R&D, we introduce the stakeholders’ risk preferences of IGTs and discuss the decision-making behaviors of different stakeholders under the circumstances of either cooperation or noncooperation. At the end, we confirm the rationality and validity of our model by using a real case.