These include Building the Smart Economy, 2008, and the National Recovery Plan as well as Ahead of the Curve, 2004 (Enterprise Strategy Group) and the Report of the Innovation Task force, 2010.
A Cost Benefit Analysis (CBA) was conducted over a 7 year period for each of the 2005 and 2006 cohorts to establish the impact to the wider economy.
The stitutes of Te1 for 2005 a butable to a sing to trade economy. rated per an f 95-100 amb of HPSUS gen status. Highe outs from re e Action Plan nclude
the entrepreneurship and start-up supports examined are in alignment with Government policy and mirror practices in many innovation driven economies.
The 31 While policies such as the Smart Economy document National Recovery Plan and successive strategies of the Department of Jobs Enterprise and Innovation recognise the importance of supporting start-up activity,
or other improvements that spill over to the rest of the economy but these may not be a factor in private investment decisions;
2004, Building the Smart Economy, 2008, the Report of the Innovation Task force, 2010 and the National Recovery Plan.
These are relevant to all firms in the economy, and particularly so for start-up activity:
As an open economy that is reliant on export performance for economic growth, relative cost competitiveness comes into sharp focus for Ireland.
This echoes enterprise policy in most innovation-driven economies, particularly the US, Australia, Denmark, Finland, The netherlands and Sweden, where there is a focus on supporting high potential start-up companies. 2. 4 Evaluation
which reported in 2004 cited Internationally-traded services sector as forming an increasingly important component of trade in the economies of the more developed countries,
Enterprise Ireland's corporate strategy (2008-2010) points to the flow of innovative start-ups into The irish economy which is critical for future growth.
which ov f HPSU inves t Analysis (C from the 10 propriate ove rt. der economy rced service ormally categ t costs were g
with a knock-on effect on the benefit to the wider economy. Table 2. 12: Seven Year Benefit-to-Cost Ratios for 2005 and 2006 HPSUS Year of Entry to HPSU CBR 2005 2. 67 2006 3. 98 2. 10
and its approach also reflects international practice in innovation driven economies. The support is tailored to individual client needs
and services that can add value in the domestic economy and have potential to export.
it is however something that merits further monitoring as the programmes continues. 66 6 Enterprise Ireland Propel Programme Programme Logic Model Objectives The strategic objective of the Enterprise Ireland Propel programme is to improve the overall economy of Ireland by:
The strategic objective of Propel is to improve the overall economy of Ireland by: Increasing the number
as Ireland faces very challenging economic conditions, the Government's Building the Smart Economy, 2008 discusses the importance of providing strong supports for startup companies
Building on the Smart Economy strategy, the Report of the Innovation Taskforce, 2010 states that policy and investment decisions must be centred on supporting
will be the lifeblood of The irish economy and that supporting these companies is a key objective.
Ahead of the Curve, 2004, Building Ireland's Knowledge Economy The irish Action Plan for Promoting Investment in R&d to 2010, Forfás, 2004, the National Development Plans, 1999 and 2006,
In December 2008, the Government published Building Ireland's Smart Economy A Framework for Sustainable Economic Renewal in response to the economic challenges facing Ireland.
It emphasised the importance of building the innovations or‘ideas'component of the economy through the utilisation of human capital-the knowledge,
Building on the Smart Economy strategy, the Report of the Innovation Taskforce (2010) places innovation and entrepreneurship at the heart of driving increased productivity and economic growth.
will be the lifeblood of The irish economy. Supporting these companies is a key objective for Enterprise Ireland.
which was developed in the context of Ireland's challenging economic environment the plan emphasised the absolute need to support economic growth and stresses the importance of protecting investment in supports for enterprise and innovation for the development of the smart economy and on the key
The empirical evidence77 shows that venture-backed start-ups redefine the US economy through direct and spillover effects.
The PWC study preceded the global financial crisis and the downturn in the national economy. In assessing the impacts of the Enterprise Ireland Seed
In parallel to this enterprise strategy report, Building Ireland's Knowledge Economy The irish Action Plan for Promoting Investment in R&d to 2010 was launched in July 2004.
as Ireland faces very challenging economic conditions, the Government's Building the Smart Economy, 2008 aspires to make Ireland an innovation
Building on the Smart Economy strategy the Report of the Innovation Taskforce, 2010 states that venture capital has a particularly important role to play in high-growth enterprises.
Secondly, at times of high unemployment, where there are unused or underused resources in the economy, start-up activity may utilise surplus resources thereby creating additional wages, profits and tax revenues.
or other improvements that spill over to the rest of the economy and are reckoned not in private decisions;
and small and medium business play in the development of the national economy. The National Development Plan 2007-2013
will be of long term benefit to the local economy. A number of CEBS operate a Hi-Start programme
The Economic Journal, 90 (357). 1980 FORFÁS EVALUATION OF ENTERPRISE SUPPORTS FOR START-UPS & ENTREPRENEURSHIP 139 At times of high unemployment, where there are unused or underused resources in the economy,
There are significant long term benefits for the economy arising from a high level of start-ups in terms of productivity,
With the current rate of unemployment and the existence of unused resources in the economy
November 2005, Published in Dutch The Creative Economy: challenges and opportunities for the DC-regions, Isabelle De Voldere, Eva Janssens, Jonas Onkelinx and Leo Sleuwaegen, April 2006, Published in English Spelers uit de televisiesector getuigen:
the relevance of the experience economy for innovating SMES...22 2. 4. Different ways SMES can create value...
We also focus on the role of the experience economy as one way to create value.
the relevance of the experience economy for innovating SMES New offerings can create value for customers in different ways.
In today's service economy, many SMES wrap additional services around their products to increase customer value in exchange for a premium price.
and scope economies become the dominant driver to gain and sustain competitive advantages. As the next examples will show,
First, SMES create the majority of the jobs in these industries in Western economies. Moreover, globalization and commoditization threaten many jobs
A discovery driven approach, Long Range Planning, 43,247-261.20 Pine, B. G. and Gilmore, J. H. 2011), The experience economy, Harvard Business Review
Pine, B. G. and Gilmore, J. H. 1998), Welcome to the experience economy, Harvard Business Review, July-August, 97-105;
they can be found across all sectors of the economy in Ireland and Northern ireland, that innovation activity is not dependent upon the presence of R&d staff
and that firms of all sizes and in all sectors of the economy can be innovative.
The new understanding of innovation in the knowledgebased economy is that commercially significant innovations are much more likely to emerge where businesses interact
and thrive while still helping support the rest of the SME population who are the bedrock of the economy.
and entrepreneurbased economy. It is characterised by the interactions that take place between actors in the ecosystem to facilitate innovation.
Northern ireland knowledge economy baseline report 2011 (2011). 12 An innovation ecosystem exists to support an innovation and entrepreneur-based economy.
and has all the constituent parts required to enable an innovation-and entrepreneur-based economy in place,
CLEARING UP THE CONFUSION To listen to many economists, pundits and policymakers discuss the economics of growth it would be easy to be confused by the commonly used terms:
COMPETITIVENESS With the increased globalization of the economy, the term competitiveness has become ubiquitous. But what does it actually mean?
as how an economy manages the totality of its resources and competencies to increase the prosperity of its population. 3
For example, a printing firm in Michigan that sells printed material to customers across the United states would be traded a firm from the perspective of the Michigan economy,
but a non-traded firm from the perspective of the U s. economy. In contrast, a software firm in Washington that sells software throughout the world would be traded a firm from the state and national perspective.
the term region shall refer to both national and subnational economies). But how do we define health?
but fails to control for the size of a region's traded sector economy, i e. the larger the economy the larger the impact of the value added on competitiveness.
In addition, if a region has vastly more imports even if its traded sectors are producing a large amount,
its economy is not holding its own when it comes to competitiveness. But focusing on trade deficits alone fails to account for the fact that a region might run a surplus
suppressed wages in If you listen to many economists, pundits and policymakers, it is easy to be confused by the commonly used terms:
and import blocking means that we cannot determine with certainty that the U s. economy is uncompetitive.
and Sweden would be on a list of competitive economies (they run trade surpluses while also having relatively high wages and limited discounts).
and the United states (too large a trade deficit even when accounting for foreign subsidies) would likely not make the list of competitive economies.
A COMPETITIVE ECONOMY IS ONE WITH A TRADE SURPLUS, FEW BARRIERS TO IMPORTS, AND LIMITED DISCOUNTS TO EXPORTERS.
it's important to understand that economies have three ways to grow over the medium and long term:
when a region's productivity increases not by higher productivity industry sectors becoming a larger share of the economy,
The answer depends in part on the size of the economy and to a lesser degree on the type of sector.
The larger the economy, the more important the growth effect is since relatively lower shares of large economies'output are traded in sectors.
Moreover, the more local-serving the sector is, the greater the importance of the growth effect.
Yet, it would be a mistake to conclude that economies can ignore innovation or competitiveness.
The Race for Global Advantage, a weak traded sector can have spillover effects on the overall economy,
In fact, this competitive weakness explains many of the current problems faced by the U s. and European economies.
and STEM education) that can spur more innovation in all three major sectors of an economy (for profit,
and functions in an economy to determine the barriers to growth and the policies that can promote both the growth and shift effects.
global economy nations need to develop three distinct strategies: one for success in innovation, one for international competitiveness and one for productivity.
The Race for Global Advantage (Yale university Press, 2012) and The Past and Future of America's Economy:
and far too much unproductive wastefulness in our current economy to sweep away our current situation as being mere victims of the bloated wrongdoings of previous regimes.
Entrepreneurship is a fundamental driving force in any economy, but in light of the scale of the unemployment challenge that Ireland is currently facing,
it is also the number one producer of jobs in all leading developed economies in the world.
Success in an economy is something that requires 10,000 entrepreneurial leaders, each of whom is willing to take risks
and their teams that we will grow our economy. This battle will not be led by government, by one person or by a handful of great industrialists.
With English now the primary language of today's world economy, learning a programming language has arguably become more important than learning a second spoken language.
SFI and the IRC have recognised increasingly that commercialisation is one of the highest and most noble ways for this research to have impact on the lives of The irish citizen and on the economy as a whole. 30.
We believe that formalising a programme to enable youth to develop work skills would benefit youth, employers and the economy as a whole.
as well as allowing Irish companies greater access to the Chinese economy, would promote these links. Enabling more immigrants to start-38-32 Kaufmann Foundation,
because the entire economy depended on three local banks. That is a mistake we will be paying off for generations. 56.
and also covered some long-term issues to support an entrepreneurial spirit in the economy. The key short term recommendations were:
as that results in a‘black hole'economy, an economy that sucks out its most successful participants.
Governments everywhere try to encourage people to reinvest their earnings into the economy. A progressive policy with respect to entrepreneurship sets tax rates on invested capital at a more favorable rate (Capital gains tax) than income from PAYE employment, interest, dividends and other sources.
The benefit of having a low flat tax rate that everyone pays would eliminate the tax arbitrage that plagues several developed economies like Ireland.
and results in a dying economy. 67. A flat tax on all types of income at 15-20%would be a fantastic way of attracting corporations, immigrant entrepreneurs,
Migration and Diversity (2012) Live Register (2013) Danish Government Reports Denmark in the Global economy, Competitiveness Report (2010) Strategy for Denmark in the Global economy, Progress Innovation & Cohesion
Forfás Reports (2007) Towards Developing an Entrepreneurship Policy for Ireland (2007) Mapping of Initiatives to Support Entrepreneurship in Ireland (2009) The role of Phds in the Smart Economy (2012) Evaluation
a Joint Cities 2020 and Knowledge Economy Programme Report. Work Foundation. Lundstrom, A. 2011) Entrepreneurship and SME Policies across Europe Organisation for Economic Co-Operation and Development Reports Entrepreneurship at a Glance (2013) Education at a Glance (2011) Entrepreneurship Review
and skills have been fostered in all areas of the economy, and played no small part in building our economic recovery.
and wellbeing of any thriving economy and will be central to Ireland's continuing recovery. Historically, two thirds of new jobs in Ireland have been created by companies in their first five years2.
Ireland can double the jobs impact of startups on our economy if we: 1. Increase the number of startups by 25%(3, 000 more startups per annum) 2. Increase the survival rate in the first five years by 25%(1, 800 more survivors per annum) 3
GEDI 2014 The 2014 GEDI identifies America as the most enterprising large economy. The EU comes second,
despite having one of the world's most vibrant high-tech economies. Hong kong comes 35th, despite being one of the largest business centres in Asia.
Factor-driven economies need to focus on entrepreneurial attitudes, to stimulate initial activity and subsequently begin the process of enabling entrepreneurial aspirations.
The focus of efficiency-driven economies, however, should be squarely on promoting entrepreneurial activity. However, here too, it is important to continue efforts to improve attitudes towards entrepreneurship
Ireland's entrepreneurial profile is that of an innovation-driven economy. The innovation-driven stage is biased towards high value added industries in which entrepreneurial activity is important.
In innovation-driven economies the key focus should be on aspirations-the newness of the product and of technology, internationalisation,
Autio & Szerb 2012 National Policy Statement on Entrepreneurship in Ireland 19 GEDI Level of Development Attitudes Activity Aspirations Factor Driven Economy Key Focus
Develop Start Enabling Efficiency Driven Economy Continuous Improvement Key Focus Develop Innovation Driven Economy Continuous Improvement Continuous Improvement Key Focus The implied key
For an innovation driven economy, opportunity perception potential is a prerequisite to recognising and exploring novel business opportunities.
The Commission for the Economic Development of Rural areas (CEDRA) report, Energising Ireland's Rural Economy, published in April 2014,
The new system will be developed for the retail sector in the first instance and subsequently rolled out to other sectors of the economy.
It also brings benefits to the economy by supporting business growth and market competition, thereby generating wealth
In many cases the lack of a first reference sale or credit history are key barriers to accessing bank finance. 4. 1 Access to bank lending Banks will need to engage more deeply with individual sectors of the economy
and their teams that we will grow our economy. This battle will not be led by government, by one person or by a handful of great industrialists.
a small domestic market in one of the most open economies in the world. Trade, tourism and investment are crucial to future prosperity.
Startup and smaller businesses operating in the domestic economy need to be encouraged to access a wider market
including encouraging an innovative and enterprising economy, creating high-value jobs, attracting, developing and nurturing business,
and one of the most open economies in the world, trade is crucial to our economic growth.
putting everything on the table) can easily weaken the economy over the medium term, making it harder to reduce the debt-to-GDP ratio.
while also growing the economy, policymakers should do four things. The first two focus on increasing GDP growth rates,
which will help reduce the debt-to-GDP ratio. 4 An increase of just 0. 1 percent in the GDP growth rate would reduce the budget deficit by as much as $300 billion cumulatively over the next decade. 5 Given the economy's poor
while also cutting the corporate rate will help move the United states away from a consumption-centered economy to an investment-centered one.
Policies that reward productive investment clearly increase the capital stock of the economy in turn producing higher incomes and more tax revenue.
Congress should also increase funding for research that is focused more on commercial innovation and U s. competitiveness. 22 Education and Skills In a more knowledge-based economy,
since every person added to the economy also consumes resources. The latter, expanding work hours, is more effective
Moreover, with the move to an economy with many more jobs in the services sector, the availability of jobs that require limited physical exertion has grown.
from 84.8 percent in 1990 to 78.8 percent in 2011.40 Every worker who leaves the labor force can generate a double-drag on the economy,
Economists David Autor and Mark Dugan argue that the SSDI eligibility application process should focus on objective data with specific maladies for
and by the overall competitiveness of the U s. economy. 49 Once the economy is back to full employment,
bringing the economy back to full employment. In addition, a higher minimum wage would reduce outlays from the earned income tax credit.
But this view reflects what economists call the lump of labor fallacy, which refers to the notion that the amount of work available to workers is fixed.
however, should be levied as an economy-wide carbon tax on upstream, combustible, fuel sources (e g.,
and competitiveness, it will need to move from a consumption economy to an investment one, and policies that reduce spending on housing will move us in that direction.
and competitiveness, it will need to move from a consumption economy to an investment one, and policies that reduce spending on housing will move us in that direction.
Cultivate Growth, New york times, November 16, 2010, http://www. nytimes. com/2010/11/17/business/economy/17leonhardt. html. 5. Congressional Budget Office, The Budget and Economic Outlook:
Refueling the US innovation Economy (ITIF, December 2010), http://www. itif. org/files/2010-refueling-innovation-economy. pdf,
The Race for Global Advantage (Yale university Press, 2012) and The Past and Future of America's Economy:
which is a public service for use by policy makers, corporate research leaders, researchers, educators, and economists.
This perspective is based on assumptions about the economy, and on indications that our leaders in Washington may be able to find common ground on the value of R&d investment.
The 2013 slowdown was due primarily to unsettled European and U s. economies that, in turn, affected global performance.
This rate of growth is expected to continue through the end of the decade as China strives to transition from a manufacturing economy to being driven innovation by 2020.
Total Federal government Industry Academia Other Government www. rdmag. com December 2013 R&dmagazine 9 In the current economy, R&d jobs are multiplied 3. 2x Projected
an additional 6 million U s. jobs will be supported. 2 R&d spending is amplified 2. 9x As R&d spending ripples through the U s. economy,
General acknowledgement that R&d investment has both short-and long-term return to the economy. Concern about maintaining U s. innovation-based competitiveness at a time
industry investment in R&d as a whole was flat in 2013 due to the slow global economy, continued rationalization of R&d activities in selected industries and the private-sector impact of federal budgets
that industrial R&d spending is correlated with the current economy and the stability of its outlook.
and is correlated with the business cycle and economy rather than government actions. As a group, the nation's research universities are the second largest performer of U s. R&d, accounting for 13%of the U s. total,
Globalization Unleashed Globalization of R&d has accelerated in the past decade through a combination of R&d funding growth in emerging economies, off-shoring and outsourcing of a portion of western R&d, improved communications and the need for larger-scale
and particularly in Asia, recognize the importance of investing in the building blocks of innovation-based economies.
toward becoming an innovation-based economy by 2020. Such a command approach can sometimes accelerate the translation from research to development.
and economists have warned that sustained large investments in innovation must be paired with investments in social and environmentalprotection infrastructures.
growth in China's economy is likely to propel it to the top position in absolute R&d spending by the early 2020s.
China's goal of an innovation-driven economy by 2020 requires solving resources and environmental challenges.
Recognizing this, China intends to evolve from a manufacturing-centric model in 2013 to an innovation-based economy by 2020.
stable domestic evolution to an advanced economy, power projection and international prestige. These goals are manifested in large R&d-enabled projects like a Chinese space station
Comparison of annual change in national R&d investment www. rdmag. com December 2013 R&dmagazine 15 must be overcome to reach the 2020 innovation-economy target.
ending the longest economic contraction on record for the EU The rebound was driven by the EU's largest economy, Germany,
Russia's economy is expected to grow 3, %with R&d growth exceeding that rate. Russia's strong infrastructure for scientific research positions it better than other CIS affiliates,
Among this group are driven innovation economies like South korea (where $63 billion will be invested in R&d in 2014), to significant nations with relatively low emphasis on R&d (e g.
Research Intensity Trends in BRIC and Other Key Nations www. rdmag. com December 2013 R&dmagazine 19 ing a border with the U s. and an economy that is expected to experience reasonable growth in 2014,
while having economies about one tenth the size. In ROW, Means & Policy Disproportionately Affect R&d The sustained high rates of R&d growth in China are unusual.
a lack of willingness or capacity to invest in R&d could restrain such economies from reaching larger potential in the long term.
This is especially important for those among the 74 ROW economies with limited R&d infrastructures: They could become even more restricted in building a foundation for R&d in the future than they are now.
In Their Own Words Comment from the Battelle/R&d Magazine Global Researcher Survey The globalization of research, finance, production, etc. will balance world economies in ways not seen ever before to the advancement of some and the stalling or loss
While there is a significant immediate economic impact from R&d activities (estimated to reach a total impact of 8. 7 million jobs from the full effects of R&d spending across the U s. economy in 2014),
What it Takes to Build a Successful R&d Ecosystem In successful economies, innovations are fostered and prepared for market within robust,
They also are essential measures for the viability and growth of ecosystems in emerging economies.
ICT industry respondents, reflecting steady growth even in weaker economies, are optimistic regarding their 2014 R&d budget.
The forecast for R&d growth in the chemical and advanced materials industry reflects the improving global economy
The forecast for R&d activities within the chemical and advanced materials industry reflects improvements in the U s. and global economy,
or output impacts in the economy, the values associated with scientific R&d are smaller than many high-tech industries.
whereas OP-support constitutes hardly bearable administrative burden for beneficiaries. 16 Regional Innovation Monitor Plus Economy Programme;
and responsibility for the management and implementation of individual innovation-related operational programmes has been transferred to various ministries (to the Prime minister's Office, to the Ministry for National Economy, Ministry of National Development,
2014 and its tasks and responsibilities have been delegated to the Ministry for National Economy. Responsibility for the administration and management of the human resources development projects of WT's regional operational programme,
and its members are the minister for national development, the minister of the economy and the minister of the state (Prime minister's Office).
According to the key messages of the report, policymakers have to identify the key industries that have the potential to stimulate the regional economy
Ministry for National Economy: S3 White book. Avenues of Hungary's Smart Specialisation. In Hungarian, was available at:
Ministry of National Economy, PPT presentation, In Hungarian, Available at: palyazat. gov. hu/download/50102/TOP ELOADÁS TIPOLD FERENC 1122. ppt 26.
Overtext Web Module V3.0 Alpha
Copyright Semantic-Knowledge, 1994-2011