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HS International Innovation Congress of III Astana Economic Forum Economy and the Knowledge Triangle Education, Research and Innovation Dr. Horst Soboll.

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Presentation on theme: "HS International Innovation Congress of III Astana Economic Forum Economy and the Knowledge Triangle Education, Research and Innovation Dr. Horst Soboll."— Presentation transcript:

1 HS International Innovation Congress of III Astana Economic Forum Economy and the Knowledge Triangle Education, Research and Innovation Dr. Horst Soboll Chair European Entrepreneurial Regions Astana July 02, 2010

2 HS Europe 2020 Strategy -Smart growth developing an economy based on knowledge and innovation -Sustainable growth promoting a more resource efficient, greener and more competitive economy -Inclusive growth fostering a high employment economy deliveringsocial and territorial cohesion

3 HS Dream of Clean, Endless Energy

4 HS Societal Challenges

5 HS Contribution to the Lisbon objectives: economic growth, employment creation, environmental protection, societal challenges: fight poverty, improve human health and quality of life ‏ The Knowledge Triangle

6 HS Research Investment and Economic Performance

7 HS Higher Level Education Education - Basis for society trained people for research and management scientific method - beyond the limits in depth analysis - interdisciplinary teams Research - Knowledge for innovation basis for new products, services, processes knowledge transfer via agency or people patents - licences as financial source Third Mission - link to economy and society needs link to grand challenges of society regional clusters - beyond fashionable themes

8 HS Creation of Ideas The right "kind of education" Basic education incl. critical spirit, accept criticism Good universities Mental / educational revolution - need to change youngsters attitude entrepreneurial spirit (schools, society incl CEO) corporate social responsibility, heroes promote risk taking, avoid security above all Set up rules that INDUCE workers to come up with ideas and bosses to LISTEN source xavier sala-i-martin

9 HS PASTEURs QUADRANT - basic and use inspired research

10 HS Culture to accept failure

11 HS Innovation depending on several issues Research MarketSociety

12 US Congressional Record 1875 Concerns associated to innovations ”A new source of power has been developed which burns a distillate of kerosene called gasoline. This so called internal combustion engine begins a new era in the history of civilization...Never in history has a society been confronted with power so full of potential danger. Stores of gasoline in the hands of people interested primarily in profit would constitute a fire and explosion hazard of the first rank. The menace to people, and potential poisoning of the atmosphere would call for prompt legislative action, even if the military and economic implications were not so overwhelming.”

13 HS Indicators for Innovativeness Innovation system Education as cornerstone of innovative capacity Research & Development investment esp. in high tech sectors Regulations Intellectual Property and legislation / registration Financing incl. venture capital Demand for research & development intensive goods and services Cooperation within the knowledge triangle (education, research, innovation) Implementation of ideas in the market via new products, processes, services Innovation Climate / Environment Interest in science and new technologies Positive attitude towards new technologies Openess to change - risk behaviour

14 HS

15 Innovation policy What is it not ? -just R&D subsidies -industrial policies, bureaucratic plans -white papers -promotion of clusters / technology parks What is it ? -generation of an environment conducive to the creation of ideas -implementaion into real products, processes and services source xavier sala-i-martin

16 HS The Innovation Process in Europe from a linear model in the past towards a network between stakeholders

17 HS European Innovation Partnership s (EIP) to address Grand Societal Challenges Innovation Education ResearchSociety Member States European Union Solutions For Grand Societal Challenges

18 HS Innovation Policy new ideas have to be implemented -infrastructures (efficiency) -institutional quality trust in law and order, tax system, policy certainty, crime etc. -regulation barriers ( bureaucracy) competition in labor markets financial markets source xavier sala-i-martin

19 HS Innovative economy develops in certain territories. It’s main resources are mobile and fluid … but they don’t move randomly … they tend to agglomerate themselves. Source: D. Foray Beware of investing in things that can move

20 HS Loan/ Equity schemes Various types of support schemes Government decide Firms decide Tax Incentives Open project grants Technology-specific project grants Government procurement source Georg Licht ZEW

21 HS A Simple Cost-Benefit Approach to Public Support of Private R&D Activity Present value of the benefits of subsidizing private R&D: Macroeconomic costs of subsidizing private R&D: P = program size; m= multiplier; s = social benefits; d = depreciation rate; r = time preference rate (“interest rate”); π = risk premium; c s = public administrative costs; c u = administrative costs of the firm; tx = macroeconomic costs of tax financing; λ = wage elasticity of labor; β = return to the alternative investment source Georg Licht ZEW

22 HS Project-based versus Tax Based R&D Incentives Lower allocative distortions than other types of support: Tax incentives entail less interference in the marketplace, and thus allow private- sector decision makers to retain autonomy Lower administrative costs to government and firms: Tax incentives require less paperwork and entail fewer layers of bureaucracy Tax incentives avoid the need to set nebulous and detailed requirements for receiving assistance (project proposals) Firms perspective: More predictable and more stable than support schemes which require periodic appropriations and can be changed by the government more easily Lower obstacles for participation especially for SMEs and firms without experience in project-based R&D support systems Governments perspective: The budget costs of a tax incentives system are hard to predict Low R&D multiplier effects on R&D investment due to relabelling of R&D? source Georg Licht ZEW

23 HS Economic Growth using the Knowledge Triangle ( Education, Research and Innovation ) Strengthen the complete knowledge triangle ( education, research, innovation ) increase resources / visibility / cooperation / link to society Generate critical mass for specific missions / societal challenges example EUs Strategic Energy Technology Plan ( SET Plan ) Strengthen cooperation in R & D between academia and business via "open innovation" and networks / partnerships Reduce innovation barriers along the complete innovation chain in standards and regulations or financial rules - more trust based and risk-tolerant - or the demand side via more innovative solutions in public procurement Adapt mind-set and society acceptance towards innovation education for increased openess and more risk mentality / entrepreneurship

24 HS Nothing great has ever been achieved without someone dreaming … that it should be so, someone believing … that it could be so, and someone being convinced … that it must be so! Charles F. Kettering (1878-1958)‏ US automotive engineer " Yes, we can "

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