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Orientating the Estonian economy towards high value-added production

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  1. Orientating the Estonian economy towards high value-added production Erik PuuraUniversity of Tartu Institute of TechnologyDirector

  2. CONTENT • Economy heating up • Experience with top entrepreneurs • Can researchers take initiative? • Too much talking, too many strategies WAYS FORWARD: • Technology sector centered approach • Training in IP management • Valorisation of entrepreneurship

  3. Economy heating up • SIGNALS • Labour extensive foreign companies leaving Estonia • Real estate market stagnation • Salaries in public sector higher than in private • Trade deficite increasing

  4. Experience with top entrepreneurs • FACTS • Tour in all Estonian counties: Äripäev TOP seminars • In half of the counties, none of the top companies have cooperated with universities and have no plans to do it • In Tallinn and Tartu region, not more than 10% cooperation among top companies

  5. Can researchers take initiative? • DISCUSSION • Critical mass lacking – not enough that type of science, risk to continuence of education • Only 5% of professors might become good entrepreneurs • Examples could serve as training tools

  6. Too much talking, too many strategies • STRATEGIES • Increase of R&D costs relative to GDP • ICT, biomedicine, nanotechnology… in every country the same PROBLEMS • No significant increase in private sector R&D • Potential of traditional sectors underestimated

  7. 3 unsolved objectives in Estonia

  8. Technology sector centered approach • ONE KEY QUESTION TO ENTREPRENEURS AMONG KNOWLEDGE-BASED COMPANIES • Which activities would lead to - increased international competitiveness - increased number of workers - increased number of new companies in your segment of activity (eg ICT, biotech…) • The list should be analysed • I am sure these correspond to the strategies

  9. Training in IP management • COMPETENCE IN INTERNATIONAL IP MANAGEMENT IS VERY WEAK • Experts with international networks imported for 5 years • Serving companies and research institutions, simultaneous training • Not only in high-tech sector

  10. Valorisation of entrepreneurship • SCHOOLS TEND TO DIVIDE STUDENTS INTO • WINNERS AND LOSERS • Division based on study results, often given for knowing encyclopedia by heart • Entrepreneurship is based on art of using the knowledge, logic and risk • Many teachers still consider business as not appreciated activity

  11. Thanks