education

partnership-agreement-hungary-summary_en.pdf

development and innovation system, including through matching the labour market demand through high quality higher education supply, cooperation with the business sector and increased private investment.

The funds will finance initiatives to improve the quality of education and training systems in view of ensuring a better match with labour market demand.

Vocational education and early childhood care and education also constitute important areas for investment. The funds will continue to finance projects that help people in difficulty

Concerning education, the ESI Funds will contribute reaching the 30.3%target of people acquiring higher education degrees (30-34 age cohort)

and vocational training for skills and lifelong learning; 418 200 606 1 246 399 567 0 54 949 286 0 1 719 549 459 (11) enhancing institutional capacity of public

Policies in support of high growth innovative smes.pdf

and Philipp Koellinger, Assistant professor in Economics, Erasmus University Rotterdam, Netherlands. Disclaimer Neither the European commission nor any person acting on behalf of the Commission is responsible for the use

and university industry collaborations. The government's 2009 New Growth Strategy identifies SMES as an engine for future high economic growth.

and operate business innovation projects in collaboration with other firms, universities and research institutions. Philipp Koellinger, Assistant professor in Economics at Erasmus University Rotterdam.

He is associate editor of the Small Business Economics journal and has research interests and a sound publication track record in the fields of entrepreneurship and innovation.

and recognition of business relationships of university researchers in peer groups. Markets are indispensable to sell innovative products and services on the output side:

Die Zeit, 27.10.2010, pp. 23-14, quoting Lars-Henrik Röller, President of the European school of Management and Technology in Berlin.

Infrastructure includes physical infrastructure for transportation, communication (e g. broadband), energy/water as well as institutions for security, health education and the legal system.

e g. company leadership Social recognition from peers, e g. at universities from society at large Innovation & growth triangle Markets New business regulation Trade conditions Demand conditions (Internal

) Market rules Standards Framework conditions Infrastructure Facilities for transport, communication, energy/water Institutions for security, health education, legal system (e g. employment and bankruptcy law) Economic stability Right

education systems not sufficiently preparing for running and growing a company, university and research systems not targeted sufficiently towards transferring innovative ideas to business, difficulties in protecting intellectual property, 36 a lack of international orientation in marketing products,

and a still fragmented European market. Social recognition of entrepreneurs or the lack of it

the Executive Training Programme to link talented undergraduates from Singapore universities with growth-oriented SMES;

establishing"a learning community of SME coaches and intermediaries, strategically sharing proven operational know-how"."sme-MPOWER materials are freely available under an open license arrangement.

the venture businessmen's special lecture programmes on entrepreneurship at universities; the youth start-up education programme;

strengthening encouragement of start-up activities of professors, researchers and students; improved support to spin-offs by executives and employees of large enterprises;

financial support and training for entrepreneurs'clubs at universities; offering start-up courses for would-be entrepreneurs or starters.

Matching funds for SMES for developing new products with the help of universities, research institutes and other enterprises.

%In addition, the government plans to facilitate venture investment by institutional investors, the post office, insurance firms, universities,

Business incubators The SMBA supports business incubators which are operated usually by universities and public research institutes.

and there are now five graduate schools specialising in the venture business. However, figures for 2009 may indicate a decline caused by the worldwide economic crisis.

established by professor or researcher 582 1, 555 Number of graduate schools for venture business 0 5 Venture capital (in 100 mio.

there is considerable interest in learning for Korea's SME policies from the EU, especially from Germany and France.

and Invited Professor of Korea University, on behalf of the INNO-Grips. Sources: Interviews: Dr. Lee, Joon Ho, Senior Research Fellow, International Economic Analysis, KOSBI (Korea Small Business Institute), 12 october 2010.

35 Management Development Scholarships were awarded and 45 Executive Development Scholarships were awarded. The Business Advisors Programme was created to attach experienced professionals, managers, executives and technicians as business advisors to potential high-growth SMES.

In 2009,93 business advisors were matched with 63 SMES. The Executive Training Programme helps SMES groom the next generation of potential business leaders by linking talented undergraduates from Singapore's universities

with growth-oriented SMES. There were 332 trainees matched to 265 companies in 2009. In mid-2010, close to 30 million Singapore dollars were allocated to the Management Associate Partnership (MAP) Initiative

Targeting local university graduates, SPRING will co-fund these SMES to train the graduates to run core and expanding operations of the company.

EIP seeks to expose local university and polytechnic students to the dynamic and rewarding working environment of high-growth SMES through short term internships

co-funded by SPRING. This programme will complement MAP in influencing young entrepreneurial talents during their school days to consider SMES as an attractive career choice.

The CEO, Jayaraman, joined the Asia-Pacific Executive Master of business administration Programme at the National University of Singapore through SPRING's Advanced Management Programme.

In Canada, in Cooper's ongoing longitudinal study of 800 university spin-off firms, formed up to 1999,167 high growth firm gazelles were present (21%.

%A subset of the VC study in (a) above showed that the 210 university spin-off firms had 12%gazelles,

VC financed firms provide greater economic benefits Hellmann et al at the University of British columbia undertook an international study of the performance of 21,852 firms based in 25 countries including Canada, the US and several Asian ones.

and (2) network clusters, such as university-industry collaborations. Through these overlapping diversification and clustering policy initiatives, the government's 2009 New Growth Strategy (Basic Policies) Toward a Radiant Japan identifies SMES as an engine for future high economic growth.

Sources This innovation policy summary has been authored by Dennis Tachiki, Tamagawa University, Graduate school of Management, Tokyo, Japan.

commission by the Hitotsubashi University Research center for Interfirm Network. The preceding overview of major SMES policy activities in Japan does not include the Japanese SBIR programme for the reason that this programme apparently has developed not to be a major activity of SME policy.

This is done by financing university-industry joint research projects, where the research is carried out by the academic side,

and new companies to compensate for dropouts. Only enterprises from manufacturing and manufacturingrelated services (such as wholesale, transport services, research and development, consulting) are included in the survey.

Second, supporting entrepreneurial education at universities, schools and other educational institutions. The European commission could disseminate good practices in entrepreneurial education among Member States. 179 An issue addressed by US innovation policy advisor Burton Lee in an interview for this Policy Brief Policies for high

They may for example be related to the research and education system, investment regulation, start-up regulation, market entry barriers, labour law, bankruptcy law, taxation,

and funding Ensure effective IPR protection Business knowledge Build infrastructure for certified European high-growth coaching European exchange programmes for students with entrepreneurial ambitions Entrepreneurial

rewarding growth, not punishing for it Ensure conducive sideline income regulation of university researchers Indirect National regulation no specific role for EU except opinion leadership Ensure income taxation

scientists Foster recognition of entrepreneurial activity of university scientists Publish examples of high-growth entrepreneurs Recognition from society Publish examples of successful EU entrepreneurs (role models) Publish examples of successful

health education, legal system Largely national regulation no specific role for EU except opinion leadership Ensure provisions in labour law

Manchester Institute of Innovation Research, University of Manchester, July 2008. Dahl Fitjar; Rune; Rodríguez-Pose, Andrés (2011:

Helsinki University Print, 2009. Pp. 147-202. Available at http://www. tem. fi/files/24929/Innoevalfi full report 28 oct 2009. pdf. Gallup Organisation (2009:

A World Economic Forum Report in collaboration with Stanford university, Graduate school of Business, SPRIE and STVP. Available at http://www3. weforum. org/docs/WEF ENTREPRENEURSHIP REPORT 2011. pdf. Wiklund, Johan;

Shepherd, Dean A. 2009: Building an integrative model of small business growth. In: Small Business Economics, Vol. 32, pp. 351 374.

and Their Market International Journal of Entrepreneurship and Innovation Management 2010 Zhou et al Entrepreneurial innovation problems associated with the dynamic growth of university spin outs in China Policies for high-growth innovative SMES

Second, leaders in the private sector have launched the Startup America Partnership, an independent alliance of entrepreneurs, corporations, universities, foundations,

Policies in support of high-growth innovative SMEs - EU - Stefan Lilischkis.pdf