1 / 12

Competitiveness Strategy for the Slovak Republic Promoting Innovation

Competitiveness Strategy for the Slovak Republic Promoting Innovation. Bratislava, January 20, 2005 Jean-Eric Aubert and Itzhak Goldberg World Bank. Contents. Background (planned economy innovation system) Recent RD and innovation indicators Innovation processes (reminders)

bailey
Download Presentation

Competitiveness Strategy for the Slovak Republic Promoting Innovation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Competitiveness Strategy for the Slovak Republic Promoting Innovation Bratislava, January 20, 2005 Jean-Eric Aubert and Itzhak Goldberg World Bank

  2. Contents • Background (planned economy innovation system) • Recent RD and innovation indicators • Innovation processes (reminders) • Comments on government plans for RD support • Venture capital issues • Regulatory and other obstacles to innovation

  3. The Soviet Innovation System Sc Ac. Institutes Branch Institutes Design Bureaus Enterprises

  4. Business R&D Business R&D as a % of GDP Note: Data for 2002 or nearest year available. Source: OECD, MSTI database, November 2003.

  5. RD/innovation indicators (EU 2004)

  6. Innovation poles • Concentration of talents and resources • Zilina example: • University with high quality teaching and research (fund shortages) • Excellence in selected fields (transport, management systems) • Spin-offs: innovative SMEs subsidiaries of foreign firms (German), and emerging firms (software, media,…) in recently open technology park (in search of development capital) • Town’s support and interest (but lack of experience and confusion on administrative responsibilities)

  7. GOVERNMENT ROLE GARDENING INNOVATION Watering (finance, support to innovation projects) Removing weeds (competition, deregulation) Nurturing soil (research, education, information)

  8. Government support to R&D (plans) • Public RD: new university research/SAV institutes; basic institutional funding + competitive project-based funding; Basic research (excellence) VS technical research (relevance); • Private RD: support through co-financing (matching grants) • Joint RD business-university projects - need for supporting/eliciting • Involve international expertise for project evaluations (to ensure quality, independence and prevent risk of corruption)

  9. Venture and development capital • Demand for VC, but need to attract experienced Venture Capitalists and develop Deal Flow/project ideas • Need for strong involvement of the private sector and hands-off support by government – Fund of Funds • Need for exit mechanisms (capital markets) • Importance of private equity investments (as exit mechanisms for venture capitalists and source of development capital for established enterprises with growth potential) • Review tax system to eliminate undue obstacles to mobilization of venture and development capital

  10. Obstacles to innovation • Overall business environment has remarkably improved in recent years (WB Doing Business, 2005), • But need to consider possible specific obstacles to innovation: • Mobility of scientists from academy to business (career rules, pension issues, etc) • Conditions of enterprise creations and growth (corruption issues) • IPR and other protections • Product regulations (standards, norms, etc) • Supplier/subcontracting relations with LE and MNC • Tax treatments • etc Possible need for an audit of the innovation climate (regulatory and informal obstacles)

More Related