Innovation Strategy Management Lecture 23

Programme l Part 1 – The basis of Innovation l Part 2 – Innovation and New Product Development l Part 3 – Innovation and Technology development l Part 4 – Innovation and Intellectual Property l Part 5 – EU Green paper of Innovation l Part 6 – Innovation policies

Part 6 Innovation policies

Lecture 23: The European Trend Chart on Innovation l Innovation policy trends 2000 l The European Trend Chart on Innovation l Two-pronged approach

The Trend Chart is a navigation tool in the hands of policy-makers. It capitalises on the diversity of innovation policy practice in Europe.

Innovation policy trends 2000 l The results of the Trend Chart pilot phase will be published in Innovation Policy Report 2000, which will provide examples of good practice, and contact details. In the meantime, highlights of some of the major innovation policy trends are discussed here.

l Innovation policy trends 2000 –Cluster policies –Innovation-friendly environment –New roles for innovation policy

Cluster policies l Two types of cluster and network based policies have emerged: –nationwide competence networks –region-based technology valleys

l Cluster policies – to providing access to risk capital, typical measures to simulate innovation and start-up firms include encouraging entrepreneurship, especially in public research and higher education, easing technology transfer and licensing, and creating incubators.

Innovation-friendly environment l New innovation-related policies are often complemented by reforms of the existing legal and administrative framework. l The increased awareness of the economic value of knowledge has led to schemes facilitating its exploitation, such as the use of patents and patent information systems.

New roles for innovation policy l New innovation councils are being set up while existing science councils are being reorientated towards innovation. l Links are developing bteween innovation policy and remedies for social exclusion, ethics, security and health problems.

l Another recent innovation policy trend has been towards providing an environment to support the globalizatio of resources and the mobility of intellectual capital around Europe.

The European Trend Chart of Innovation l The Lisbon Council in March 2000 confirmed the growing interest in the link between: –innovation, –economic growth –employment.

l The European Commission is committed to achieving the strategic goal for Europe the most competitive and dynamic knowledge-bades economy in the world, capable of suitainable economic growth with more and better jobs, and greater social cohesion. l Innovation is the key to reaching this goal.

l The European Trend Chart of Innovation –A systematic approach –Networking expertise –Step-by-step guide to the Trend Chart

l The action is being carried out by the European Commissions Innovation programme, and provides innovation policy-makers in Europe with: –a common point of reference for innovation policies and indicators –a gateway to innovation policy measures throughout uhe European Union –a benchmarking and analytical tool to compare approaches to innovation –a forum for the exchange of good practice, and –a platform for the dissemination of the findings and conclusions

A systematic approach l The Trend Chart on Innovation is a follow- up activity from the First Innovation Action Plan launche in 1996 as an initiative of the European Commission. l Data on innovation policy measures is being collected from all Member States according to the framework classification set out in the Action Plan.

Networking expertise l In parallel with this work on innovation policy measures, the Trend Chart project is also undertaking 2 other major activities: –a network of statistics expert –a series of benchmarking

Step-by-step guide to the Trend Chart Network of correspondents collects data on Innovation Policy Measures Trend Chart database Create Member State reports outlining their national innovation priorities and policies Network of statistics experts collects and analyses innovation statistics and indicators Innovation Scoreboard Conduct benchmarking workshops to encourage policy-markers to exchange ideas and experiences

Two-pronged approach l The creation of a European Innovation Scoreboard to measure innovation performance is well under way through the collection of quantitative information on innovation indicators.

l Two-pronged approach –The European Innovation Scoreboard –Innovation Policy Banchmarking

The European Innovation Scoreboard l The Innovation Scoreboard will concentrate on four policy areas which have been recognised as the key drives behind the creation of a sustainable European environment for innovation: –Knowledge creation –Technology transfer –Innovation finance –Innovation outputs

l Monitoring innovation –The scoreboard will include a limited number of core indicators, carefully designed to be of equal value and sustainable.

Innovation Policy Banchmarking l The work on the Innovation Scoreboard will also from the basis of a series of benchmarking workshops.