By Klaus Gretschmann, Stefan Schepers
ISBN-10: 113755553X
ISBN-13: 9781137555533
ISBN-10: 1137555548
ISBN-13: 9781137555540
The goal of this ground-breaking e-book is to encourage the primary of innovation as a permeating software for Europe’s societies. After demonstrating early good fortune from the belief of a unmarried marketplace and unmarried foreign money, the eu cooperation approach is falling wanting supplying a lot wanted ends up in coverage components that are key for sustainable fiscal development and employment, particularly innovation coverage. Written through authors thinking about an autonomous tripartite excessive point team on ecu innovation coverage administration, Revolutionising ecu Innovation Policy analyses the main factors and gives recommendations for you to elevate either efficacy and democratic responsibility. proposing the advantages of an overarching innovation coverage, the authors draw realization to matters which have been ignored via examine and know-how established techniques to innovation, for instance tradition and schooling. Importantly, the publication examines the interaction among ecu innovation regulations and the calls for of companies, agencies, and social and political agencies to totally set up their innovation capability.
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Extra info for Revolutionising EU Innovation Policy: Pioneering the Future
Sample text
Building on those elements, the ecosystem will promote creative and bold thinking, free from useless bureaucratic constraints, and able to achieve innovative solutions that are eventually capable of addressing new challenges and specific problems. Schepers • understanding the symbiotic relationships between large corporations and small- and medium-sized enterprises; • result-oriented cooperation between public authorities, companies, and university research capabilities, with a preference for coaching over command and control functions, and ensuring engagement through a variety of incentives for all actors; • interpretation of existing regulations in a way that stimulates innovation; and • stable and coherent policy and regulatory frameworks, with minimum costs and fast procedures, which increase the probability of market success of innovation and hence facilitate its financing.
Tekes, the innovation agency in Finland, and the venture capital fund Finnvera, aim to find and support early stage companies. They have funded over 60 % of well-known Finnish innovations between 1985 and 2007. In 80 % of cases, the funding was found to have a significant impact on companies’ performances (Hyytinen et al. 2012). Of the 49 million Euros they contributed in 2011 to innovative companies seeking rapid growth, onethird was directed to firms in the Vigo acceleration program, from which around 130 companies are currently receiving funding.
This ecosystem is intended to create value for society. It should enhance the quality of life for its citizens and the competitiveness of its enterprises. It should foster intelligent interaction between a variety of stakeholders (whether companies, local/ regional/ national authorities, or international systems like the EU and its institutions) and centers of knowledge creation such as universities and research organizations. Reconstructing and unfolding the European innovation ecosystem will involve setting up Research Infrastructure Customers’ Demand Management & Staff Ideas Science Research Talent Industry Business Universities Education Entrepren .