Jay Prakash Nagar

POLISS research theme

Government Venture Capita and ‘Equity Gaps’ Across the Regional Economies

Host institution

Bocconi University

Secondment institutions

Utrecht University
Intesa Sanpaolo

Supervisory team


I hold a Master’s Degree in Economics from Delhi School of Economics ( Delhi, India) and a Bachelor of Technology in Electrical Engineering from the Indian Institute of Technology (Delhi, India).

Before enrolling at Bocconi University (Milan, Italy), I worked as an Economist in the Institutional Equity Research team at B&K Securities and Elara Capital (Mumbai, India). Furthermore, I have worked as a research associate for the Centre for Advanced Financial Research and Learning (CAFRAL) at the Reserve Bank of India, Mumbai. I also completed research projects on Urbanisation and Corporate Finance at the Institute of Economic Growth (Delhi, India) and the Indian Institute of Management (Ahmedabad, India).


Understanding the impact of large-scale grants on scientific research and innovation, especially in the context of European Research Council funding in Europe. Studying the geographical disparity in patenting of innovation grounded upon existing scientific research in EU regions.

Current Research Question

Evaluating the applied value of the European Research Council grant in creating social-valuable outcomes, i.e., patents based on scientific publications. Are the projects funded by ERC producing more publications with a higher probability of citation in patents compared to other European research projects? The geographical distribution of innovation and patenting activities based on ERC-funded science in EU regions is also studied.

Data & Methods

We are using the patent and publication level data for the ERC-funded research project sourced from ERIS Database, PATSTAT, Scopus, and Microsoft Academic Graph. We build a novel dataset of patents citing the publication produced by ERC-funded research projects using text-mining and web-scraping methods.

Societal interest

Measuring the social value of the public investment in science becomes difficult as most academic research projects generate scientific publications that may appear to have very little direct utility to the public. The fruits of scientific research may divert to places where laws are less stringent or a large market for scientific innovation exists. The geographical disparity of opportunities can lead to the diversion of the value created by public funding of science.