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Information and Knowledge Society Requires Value Added Investments. International Conference Košice Invest 2010 19th October, 2010. Contents. Foreign Direct Investment Trends Foreign Direct Investments in R&D Slovakia - R&D Country New Types of Investments SARIO Promotion Activities
International Conference Košice Invest 2010
19th October, 2010
Foreign Direct Investment Trends
Foreign Direct Investments in R&D
Slovakia - R&D Country
New Types of Investments
SARIO Promotion Activities
"The most important factor behind location decisions are always people and networks of people"
Prof. Ricardo Baeza-Yates,
Universitat Pompeu Fabra, Barcelona
"R&D in Slovakia – Discover the Potential"
Expected global FDI flows:
The changing world - the global financial and economic crisis acceleratedthe majority of processes in business (e.g. time reduction in innovation cycles)
Source: World Invetsment Report 2010
Growing global competitiveness
Growth of urbanization
New specific customer demands
Innovation and R&D networks
Progress in ICT
Key world drivers of FDI in R&D
New forms of FDI (greentech, meditech, centres of excellence)
More motivating investment incentives
Search for cost-efficiency
Access to new technologies and talents
Growth of emerging markets
Specialization of national strategies
Source: Department for Business, Innovation & Skills., THE 2009 R&D SCOREBOARD, 2010
Source: Department for Business, Innovation & Skills., THE 2009 R&D SCOREBOARD, 2010; # - accounts not prepared using IFRS
The same meaning of terms:
"Globalization of corporate R&D"
"Internationalization of R&D"
"FDI in R&D"
Globalization of corporate R&D is an opportunity not just for the host countries but also for corporate subsidiaries, since the latter are more involved in the corporate group's innovation activities.
What it means?
Corporate subsidiaries are very important element in attracting FDI in R&D
FDI in R&D - evolution or expansion of established subsidiaries
- greenfield investments
Way for SLOVAKIA
Source: Guimón, J.: Government Strategies to Attract R&D-Intensive FDI. OECD Global Forum on International Investment. March 2008.
Source: Here or There? A Survey on the Factors of Multinational R&D Location, 2006, www.nap.eduJerry Thursby, Emory University and Marie Thursby, Georgia Institute of Technology, 250 respondents from various industries
Source: Adapted according to Guimón, J.: Policies to benefit from the globalization of corporate R&D: An exploratory study for European Union countries
Production Networking (1995-2005)
OEMs – Suppliers Nets (2000-2010)
Clusters Networking (2010-2015)
R&D Institutions Networks (2015-...)
Harmonisation of the national/regional innovation systems with corporate R&D strategies
Improve UNIs and R&D infrastructure; talent development and attracting talents; collaboration with foreign subs., improving IPR regime
Enhance R&D investment climate
International promotion of national R&D capacities, preinvestment and AC services, integration to global networks
Promote inward FDI in R&D
Absorb benefits from foreign presence
AfterCare services, technology linkage programmes, promote collaboration
Support international expansion of domestic R&D centres and UNIs, set up overseas technology units
Absorb benefits from outward FDI in R&D
Source: Guimón, J.: Policies to benefit from the globalization of corporate R&D: An
exploratory study for European Union countries
High-Tech and Medium High-Tech
Domestic R&D infrastruture
Natural and technical sciences universities
Success stories in R&D
Presence of clusters
Availability of scientists and engineers
Quality of engineers
Competitive R&D costs in EU
Strategic Geographic location
FDI and technology transfer (Rank out 133 countries)
To what extent does foreign direct investment (FDI) bring new technology into your country? (1 = not at all; 7 = FDI is a key source of new technology)
Very good base for FDI in R&D
Production process sophistication (Rank out 133 countries)
In your country, how sophisticated are production processes? (1 = not at all—labor-intensive methods or previous generations of processtechnology prevail; 7 = highly—the world’s best and most efficient process technology prevails)
Source: The Global Competitivenes Report 2009-2010, World Economic Forum, 2010
Building up 45 Centres of Excellence in Slovakia
Almost 60 research institutes of the SAS
More than 30 foreign R&D centres in Slovakia
Wide range of university centres and laboratories
More than 20 domestic R&D organizations
Building up 8 regional innovation centres
& Supplier Sector
Johnson ControlsEngineering Centre
LEONI AutokabelSlowakia Trenčín
Systems R&D Centre
Slovakia - R&D Country Established US Foreign Investor in Slovakia: Johnson Controls
VW and JC-JIT
Source: Johnson Controls Engineering Centre, Trenčín
Example from Germany (1)
Example from Germany (2)
more than EUR 500 million -
Objective: 1 million electric vehicles on German roads by 2020
Can we consider this to be an inspiration for Slovakia?
Investments into electromobility infrastructure development
Focus on Greentech & Services Innovation
Source: IDA Ireland Strategy – Horizon 2020
Investing in Low-Carbon Economy
Low-carbon foreign investments – can be defined as transfer of technologies, practices or products by TNCs to host countries, through equity (FDI) an non-equity TNC participation, generating significantly lower GHG emissions than would otherwise be the case. (WIR 2010)
3 Key Low-Carbon Business Areas and Industries
Low-carbon technology manufacturing (wind turbines, solar panels, biofuels)
Alternative/Renewable electricity generation
TNCs are key actorsincontributing to the establishment of climate-friendly economies
Source: World Investment Report 2010GHG – green house gas emissions, TNC – Transnational Corporation
2 types of Low-carbon Foreign Investments
Introduction of low-carbon processes reducing GHG emissions related to how products are made
(upgrade of existing TNC operations as well as new investments)
Creation of low-carbon products and services lowering GHG emissions in how they are used
(e-cars, "power saving" electronics and light bulbs, RES equipment, integrated transport systems)
The main sectors (areas of emissions):
Governments should to identify opportunities for such investment in their countries and formulate strategies to promote it.
Source: World Investment Report 2010GHG – green house gas emissions
Publication of Informative Promotion Materials
Increasing of awareness about R&D (conferences, seminars...)
Investment Seminars Abroad
SARIO = Associated partner in cluster´s projects
Communication & Networking with UNIs & other R&D institutions
PANASONIC CENTER, TOKYO
(R&D Investment Seminar in Japan-2009)
"Our TREASURE is in our highly educated PEOPLE!"
"...Discover the Potential"
Ing. Vladimír Švač, PhD.
Martinčekova 17 821 01 Bratislava
Tel.: +421 2 58 260 343