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Albanian Investment Development Agency (AIDA) June 12, 2012

Albanian Investment Development Agency (AIDA) June 12, 2012. 1. Brief information. Albanian Investment Development Agency (AIDA) Business Relay and Innovation Centre (BRIC) Innovation Fund. 2. Albanian Investment Development Agency ( AIDA ). Public owned Agency (Board of Directors)

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Albanian Investment Development Agency (AIDA) June 12, 2012

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  1. Albanian Investment Development Agency (AIDA) June 12, 2012 1

  2. Brief information • Albanian Investment Development Agency (AIDA) • Business Relay and Innovation Centre (BRIC) • Innovation Fund 2

  3. Albanian Investment Development Agency(AIDA) Public owned Agency (Board of Directors) • Supports private sector development • Improves the business climate • Follows SMEs in all their economic activities • Collaborates with investors and public institutions 3

  4. AIDA Mission: • To assist and accelerate the inflow of foreign investment into the Albanian economy • To improve the competitiveness of Albanian exporters • To enhance innovation and assist the growth amongst the Albanian SMEs 5

  5. Vision of BRIC • Promote and develop a culture of innovation for businesses in Albania • Support businesses in Albania to adopt a process of innovation • Increase competitiveness of SMEs both in domestic and foreign markets

  6. Business Relay and Innovation Centre (BRIC) Implementing arm for Business Innovation Technology Strategy (BITS) which aims to: • Assist and stimulate firms to innovate and upgrade technologically. • Enable the SMEs to develop more competitive products. • Improve products and services. • Support SMEs to adopt new ICT systems and technology through technological upgrading and positioning in their supply chains. 7

  7. BUSINESS INNOVATION TECHNOLOGY STRATEGY (BITS) Programmes 1. Innovation Fund 2. Business Innovation Services 3. Business Incubators 4. Business Clusters

  8. INNOVATION FINANCING INNOVATION FUND PRIORITY 1 ENABLING COMPETITIVENESS PRIORITY 2 DEVELOPING COMPETITIVENESS MEASURE 1.1 INNOVATION AND TECHNOLOGY AUDIT MEASURE 2.1 PRODUCT DEVELOPMENT MEASURE 2.2 PROCESS IMPROVEMENT MEASURE 1.2 INTERNATIONAL TECHNOLOGY MEASURE 2.3 ICT ADOPTION MEASURE 2.4 INTERNATIONAL-ISATION 9

  9. Strategic Innovation Technology Audit (SITA) • Targeted diagnosis enabling SMEs to assess their current positions and options regarding innovation. • Analytical information about development options. • Support learning process within the firm. • Effective decision making support tool.

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  11. Quick Appraisal (QA) • A tool to interview with the entrepreneur. • 1+ hour. • Self-assessment performed by the entrepreneur and the auditor. • Free of charge marketing tool serving to sell the full auditing process. • Microsoft Excel Sheet to assess the 5 dimensions. • QA Graphic Report. 18

  12. Five main dimensions

  13. Dimension Subcategories

  14. SITA SCORE : AN EXAMPLE 21

  15. In Depth DiagnosisOverview & Patterns • 2nd part of the SITA process. • Company staff has to be interviewed. • Provides further insight to the firm's 5 dimensions. • Provide further detailed analysis for the 5 dimensions and sub-dimensions. • The IDD is a static process and not a dynamic one. • It tells/describes the “what is” and “how it is” in a company. • It does not aim to do the “what might be”, “how it might be” question. 22

  16. PROCESS of IDD • Minimum staff to be interviewed should be three. (3) • Maximum staff to be interviewed should be six. (6) • Staff interviewed should not be within the entrepreneur’s inner circle. • In Depth Questionnaire with the company’s staff. • Microsoft Excel Sheet to assess the 5 following dimensions: • QA Graphic Report • bar chart and pentagon 23

  17. IDD Consolidated Graphic Report

  18. INNOVATION OPTIONS PROCESS • Last phase of the SITA process. • A prospective activity/report to help the firm to develop/improve. • Provides a maximum of 3 (three) investment options which the audited firm wishes to pursue. • Serves as a miniprospective investment plan for the entrepreneur. 25

  19. Thank you INNOVATION IS EVERYBODY’S BUSINESS

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