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Linking business to knowledge: new challenges

Discover the importance of innovation in business development and the link between knowledge and technology to exploit market opportunities. Explore strategies, financial support, and advisory services for fostering innovation in businesses.

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Linking business to knowledge: new challenges

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  1. Linking business to knowledge: new challenges Dr Kastytis Gečas, Lithuanian Innovation Centre

  2. Innovation Policies: why innovation If the GDP volume in Lithuania grows in the current speed, it will overtake the average EU level only by the year 2040 • Jump to a knowledge-driven economy • national consensus • Innovation is essential for business development • a key component in enterprise policy • innovation strategy vs. growth strategy • Towards support for innovation • financial support/grant schemes for SMEs • advisory services and networking

  3. If science is the transformation ofmoneyinto knowledge, innovation is the transformation ofknowledgeintomoney EUREKA • Innovation is related to a process connecting knowledgeand technologywith the exploitation ofmarket opportunitiesfornew or improved products,services and business processescompared to those already available on the common market,and encompassing a certaindegree of risk. • Community Framework for State Aid for Research and Development and Innovation, 2006 Innovation is a business process connected with exploiting market opportunities for new products, services and business processes. EC Communication COM(2005) 121 final, 06/04/2005, Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL establishing a Competitiveness and Innovation Framework Programme (2007-2013)

  4. Structure of Lithuanian industry Source: Science and technology, Eurostat/ 2005

  5. Innovative companies and turnover (23.4% of total number) Source: Innovation Activity Development, Dept. of Statistics of Lithuania, 2006

  6. Source: European Innovation Scoreboard’ 2004

  7. To increase (innovation) supply = Technology push Links between science and industry: bridging Exploitation of research results, (technology) absorptive capacity, Technological innovation (and may be non-technological innovation) Technology transfer = exploitation of research results Support services = research - exploitation-oriented (industry liaison, technology transfer, technology information, etc.) Science and technology parks, spin-offs Risk capital Global competitiveness Prioritty-based policies = high-tech business development (e.g. bio, IT, etc.) Financial support to pioritised sectors Linear model (creation, tranfer support, companies) To increaase innovation demand = Market pull Company as a focal point: higher added value by innovation Innovation diffusion, exploitation of knowledge, innovation capacity, innovation culture Non-technological innovation (and may be technological innovation) Technology transfer = technology partnerships Support services = specialised infrastructure (to access knowledge, partners, finances, …) Clusters, platforms, and other network-type activities, transnational networks Public and private consultancy services “Innovation everywhere” as a means for competitiveness Financial support as (innovation) risk decreasing tool (industrial R&D, innovation, networking, …) Non-linerar, multifacet model (partnerships, diffusion, innovation transfer, innovation management and content, etc.) Knowledge-based competitiveness. Two complementary paradigms

  8. R&D-based innovation vs. innovation diffusion V Source: European Innovation Scoreboard’ 2003

  9. Innovative companies and turnover (23.4% of total number) Source: Innovation Activity Development, Dept. of Statistics of Lithuania, 2006

  10. Non-technological innovation Source: Innovation Development, Dept. Statistics Lithuania, 2006

  11. Innovation cooperation partners Source: Innovation Activity Development, Dept. of Statistics of Lithuania, 2006

  12. Innovation Sources Source: Innovation Activity Development, Dept. of Statistics of Lithuania, 2006

  13. Corporate innovation financing: soft vs.hard Source: Innovation Activity Development, Dept. of Statistics of Lithuania, 2006

  14. Innovationpartnerships

  15. Obstacles to innovation HR risk Market risk Financial risk Source: Innovation Development, Dept. Statistics Lithuania, 2006

  16. Decreasing risks: fostering inovation in business • State policies – favourable conditions • Programme for Innovation in Business (2000, 2003) • National Lisbon Strategy • Public Support (national, EU Structural Funds) • Linking business to knowledge • Specialised infrastructure and services • Domestic and international networking

  17. Innovation support services at universities • Research as knowledge production • Labs as knowledge centres – intellectual assets • Knowledge transfer centres (industry liaison, technology information and technology transfer, management techniques, IP management) • Professionalism, competence and skills • Preconditions • Favourable Institutional set-up • Intellectual property set-up and proper management • Focusing on market (industry and services) demands • Research as service • Contractual R&D: towards instu • Consultancy: technological/non-technological innovation capacity building • Precondition • Institutional set-up • Focusing on market needs • Research as networking activity • Acting for ( on behalf of) companies internationally, e.g. FP projects, partnering, etc. • Facilitators? • …

  18. Dr Kastytis Gečas, Director, Lithuanian Innovation Centre,k.gecas@lic.ltwww.lic.lt, www.inovacijos.lt …innovation does not wait

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