7th international venture capital forum, 28-29 june 2006 incubating the future
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7th International Venture Capital Forum, 28-29 June 2006 Incubating the Future. Data. Information. Knowledge. Ubiquitous. Product. Solution. Innovation. Ecosystems. Competition. Cooperation. Collaboration. Coopetition. 50’s – 70’s. 70’s – 90’s. 90’s – 2000’s. Today?. - PowerPoint PPT PresentationTRANSCRIPT
The Economic Evolution towards the Networked Society
Product
Data
Competition
50’s – 70’s
Coopetition
Ecosystems
Ubiquitous
Today?
Cooperation
Solution
Information
70’s – 90’s
Knowledge
Innovation
Collaboration
90’s – 2000’s
ICT for Business Ecosystems
[Source: Gerald Santucci, European Commission Directorate-General Information Society Unit D5: ICT for Business, Global Forum 2004]
Bilateral Investment Treaties, 2003
0 1 to 30 31 to 60 61 to 90 > 91
Source: UNCTAD
Formal
F I N L A N D
N O R W A Y
I C E L A N D
D E N M A R K
Italy
S W E D E N
Luxembourg
Liechtenstein
United kingdom
Switzerland
Austria
Greece
France
Belgium
Netherlands
Ireland
Spain
G E R M A N Y
Portugal
Non-formal
Source: ENSR Enterprise Survey 2003
Formal and Non-formal SME cooperation in Europe, % of SMEs
40 7050 60 803020100
Specialisation, clusters and linkages: cooperation and competition
Dynamics of innovation and cluster development
Inter-Actor Inter-Actor Network CreationNetwork Creation
Cluster Cluster FormationFormation
New Technology New Technology & Firm Growth& Firm Growth
Female and male entrepreneurial activity
Source: Scientific Analysis of Entrepreneurship and SMEs (SCALE) paper N200510, 2006.
0
5
10
15
20
25
Japa
nBe
lgiu
mR
ussi
aFr
ance
Spai
nSw
eden
Slov
enia U
KG
erm
any
Finl
and
Net
herla
nds
Pola
nd Italy
Den
mar
kH
unga
ryN
orwa
ySw
itzer
land
Irela
ndAu
stral
iaSo
uth
Afric
aC
anad
aIc
elan
dU
.S.
Kore
aC
hile
Mex
ico
Braz
ilAr
gent
ina
Indi
a
Global Entrepreneurship Monitor (GEM) Countries (2002)
Perc
enta
ge o
f 18
to 6
4 ye
ars o
ld
Female Male
R&D expenditure in relation to GDP, 2003
Source: OECD MSTI 2005
0,0% 0,5% 1,0% 1,5% 2,0% 2,5% 3,0% 3,5% 4,0% 4,5% 5,0%
Denmark
Finland
France
Germany
Japan
Korea
Netherlands
Norway
Sweden
Switzerland
United Kingdom
United States
Belgium
Canada
Ireland
New Zealand
Spain
Industry Higher education Government
Abandoning the linear model
From research needs to innovation system bottlenecks
Actors
Instruments
Single Multiple
Multiple
Single
Innovation Systems
RTDI Programmes
From evaluations as events to evaluations as
learning processes
Time
Innovation System Analysis = hypothesis
Programme execution
Programme Management
Evaluations produce data by which corrections of the innovation system analysis and programme plans continuously are made
”Timing matters”
ISA
Monitoring/Evaluation
High-tech venture capital as a percentage of total venture capital investment, 2000-2003
Source: OECD, Science Technology and Industry Scoreboard, 2005
0
20
40
60
80
100
Spa
in
Slo
vak
Rep
ublic
Por
tuga
l
Net
herla
nds
Aus
tral
ia (
2)
Uni
ted
Kin
gdomIta
ly
Japa
n (2
)
EU
Fra
nce
Ger
man
y
Sw
eden
Kor
ea (
2)
Sw
itzer
land
Bel
gium
Fin
land
Gre
ece
Pol
and
Icel
and
(1)
Aus
tria
Hun
gary
Cze
ch R
epub
lic
Nor
way
New
Zea
land
(2)
OE
CD
Den
mar
k
Uni
ted
Sta
tes
Can
ada
Irel
and
%
Communications Information technology Health/biotechnology
(1) 2000-2002, (2) 1998-2001
Lack of seed funding
Science Developm. Launching Expansion Established technology
Public PrivateGap
Science Park agenda?
• Mainly incubation?
• Creation and growth in the Science Park?
• Serve firms created through the Science Park?
• Serve ”firms at large” in local environment?
• Test-bed/lab for developing programmes for incubation and skills upgrading?
SMEs & Skills Upgrading
• Lack of skilled labour has been the main constraint on business performance of European SME:s in the last two years (ENSR Enterprise Survey 2002)
• Increasing numbers of SME:s are in the process of outsourcing and off-shoring parts of their production activities.
• SME:s are bestowed with limited skills acquired through formal education as well as restricted planning capabilities managing the internationalisation process.
Contradictory incentives:
• Challenge for SME:s to both identify and capture the gains from skills upgrading.
&
• Challenge for Universities to address specific needs that are compatible with SME:s requirements
Bridging the supply of general training by universities and the demand for idiosyncratic skills on the part of
SME:s through specific programmes and more effective mobilisation of external professional service providers
Science Parks & Incubators can help match supply and demand in regard to skill upgrading
Boundary crossing
• Between the idea & firm creation
=> University based-knowledge & technology, building on the specialisation of the university while promoting linkages, bridging and connecting to stakeholders in firm creation
• Between the actors, firms & the wider network in which the actors are situated.
=> bridge the rise of complimentary skills
• Between the local environment and outer structures
=> National innovation systems
Science Park Jönköping
Business Lab
Objective: To support idea generation, product and business idea development for individuals, companies, and organizations
Area: Start up
A networking environment between the university and the corporate sector for idea generating activities and projects
Business Incubator
Objective:To support the commercialization and development of new businesses
Area: Development
Development through business developing services and projects
Business Growth
Objective:To support continuous growth and development of technology- and knowledge intensive companies
Area: Growth
Development through networking and clusters
Science Park Jönköping
Business Lab
Objective: To support idea generation, product and business idea development for individuals, companies, and organizations
Area: Start up
A networking environment between the university and the corporate sector for idea generating activities and projects
Business Incubator
Objective:To support the commercialization and development of new businesses
Area: Development
Development through business developing services and projects
Business Growth
Objective:To support continuous growth and development of technology- and knowledge intensive companies
Area: Growth
Development through networking and clusters
Science Park Jönköping
• Problem-based learning methodology
• Market oriented view on entrepreneurship
• An active interface between university, science park and firm population
• Endorse a customer/market oriented development process
•Students and researchers are encouraged to start up businesses during their studies.(=> direct marketing to 75% of university students => 170 unique business ideas => 60-70 start ups annually => survival rate app. 70%)
• Identify and strengthen emerging clusters
• Hands-on, professional, individualised training (non-linear)
• Business failures are accepted => learning experience
• Building climate of creative meeting-places