Income contingent loans for business innovation

Glenn Withers, Glenn Withers, Nitin Gupta, Nitin Gupta

    Research output: Chapter in Book/Report/Conference proceedingChapter


    Income contingent loans have principally been considered in the field of higher education, both in matters of analysis and in practical application. However the underlying issues can also be seen to apply to the wider world of ideas and especially for the case of business innovation. It is argued in this chapter that income contingent loans, subject to important complementary policy conditions, potentially offer a highly cost-effective option for government support for business innovation. Such an approach would focus public dollars on the core financing problem for much innovation and provide a financial as well as wider return on those dollars for the community, including for ploughing back into the scheme itself. It is affirmed that such an approach would also likely have substantial public support.
    Original languageEnglish
    Title of host publicationINCOME CONTINGENT LOANS: Theory, Practice and Prospects
    Editors Bruce Chapman, Timothy Higgins & Joseph E Stiglitz
    Place of PublicationBasingstoke and New York
    PublisherPalgrave Macmillan Ltd
    ISBN (Print)9781137413185
    Publication statusPublished - 2014


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