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This paper aims to investigate the impacts of different sources of innovation funding on company performances in the context of an emerging economy. Brazilian software companies are selected as a case for this investigation. Data – related to the types of funding support received and eight types of company performances measured in binary scales – was collected through an online survey from 188 companies located across Brazil. A multivariate probit model was estimated to assess the impacts of different funding schemes on company performances – controlling for other confounding effects. The findings confirmed the critical importance of public innovation funding, and revealed that companies that: (1) Used public funds were more likely to become nationally competitive; (2) Used loans from commercial banks were less likely to become nationally and internationally competitive; (3) Reinvested revenues were more likely to gain market share, and help in increasing the number of employees; (4) Not aware of public funding schemes were less likely to invest on research, development, and innovation. The overall findings suggest the positive impacts of innovation funds on company performance. They can serve as a policy guide to develop targeted performance strategy to determine which funding scheme would be effective to foster what outcomes. [ABSTRACT FROM AUTHOR]

The term 'smart cities' is a widely used, but at the same time a highly fuzzy concept. The fuzziness hinders our understanding on the benefits of its adoption, and explains the existence of many relevant activities with fragmented or distorted views of what a truly smart city is. The aim of this paper is to undertake a comprehensive review of how smart cities are perceived in the literature and in the light of the findings propose a clearer definition. Overview of the key terms, concepts and definitions associated to smart cities, reported in this paper, demonstrates that the definitions found in the academic literature have limited scope, and are overly focused on strategic drivers and specific actions, instead of making explicitly the connection between the concept of smart cities and the creation of environments that promote happiness and wellbeing of their residents-which should be the main function of a city. Following the thorough review on the smart cities literature, the paper proposes a comprehensive, human-centred, and context-free definition for smart cities. This definition brings an endogenous view on smart cities in which the central element is the direct participation of local actors and stakeholders in the process of thinking, defining, planning, and executing social, technological and urban transformations in cities. [ABSTRACT FROM AUTHOR]