SMES and new business ventures are important players in this new environment. They have a key role in processes of creative destruction
and improving institutional environments for social entrepreneurship. 1. INTRODUCTION SMES, ENTREPRENEURSHIP AND INNOVATION 24 OECD 2010 The creation of new business ventures and innovation in existing small
In this new environment, established and large firms were seen to outperform new and smaller firms in innovation because of a close link between infirm R&d spending and innovation. 3. The Entrepreneurial Economy.
Nevertheless, what has emerged is an environment in which entrepreneurship and SMES have moved up the agenda.
In this new environment, it is the creativity and adaptability in applying knowledge provided by SMES
The Silicon valley Business model There have been changes in the entrepreneurship environment in some very dynamic national
and local innovation environments that have made it easier for new start-ups to gather the resources required to become viable businesses
The Silicon valley environment has not been replicated in its intensity, but many of its important features have been taken up to a significant degree in the most innovative national and local environments of the 21st century.
Venture capital firms can now provide capital quickly to the most promising ventures whether or not they are in a large firm context.
and servicing can similarly be resolved in the market in highly entrepreneurial environments. Whilst this favours the SME, large corporations are adapting to become important players within this type of business model rather than treating it solely as a threat.
and social innovation and entrepreneurship represent an important change in the environment in which innovation takes place.
Large-scale research subsidies to national champions, other large firms and basic-research silos in national universities and research organisations are not the most effective way to generate innovation in an environment where knowledge
It also shows that the quality of local environments for knowledge generation and transfer counts
Non-Pecuniary Sourcing/scanning the external environment before initiating R&d (Chesbrough 2006. Advantages: External sources of ideas a positive (Rosenthal 1974/94;
Revealing internal resources released to external environment. Advantages progress as a group of firms through sharing knowledge and gains of cumulative achievement:
Finally, the attractiveness of the UK enterprise environment depends on infrastructures and the strength of networked institutions.
and the UK will be able to thrive in the changing innovation environment. Fail here and we risk the erosion of our innovation ecosystem
building an environment in which innovation can flourish. The commitment and drive of these organisations is focused on delivering five far reaching research programmes.
and business skills needed to succeed in open environments; and 5. The Enterprising State will explore the practical role of our state in supporting innovation,
and particularly appropriate given the prevailing national and international economic environment. By the end of 2010, the total investment funding available under Schemes 2 and 3 amounted to €1. 023 billion,
This is particularly relevant given the prevailing national and international economic environment which remains extremely challenging.
The economic value of the CEB soft supports depends somewhat on the prevailing economic environment and unemployment levels.
development and innovation activities in Ireland and in developing the business environment to support the emergence
and it is important to take note of how the policy environment evolved during this time.
and it is important to take note of how the policy environment evolved during this time.
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
This programme of activity was put in place to develop the enterprise environment as part of broader efforts that included, for example,
& Venture capital Programme it is essential that the national and international economic environment is considered. Changed Economic Context The global financial crisis in particular continues to have ramifications across the private equity market internationally.
The international environment for the industry remained challenging in 2010 with opportunities for company exits through trade sales
and it is important to take note of how the policy environment evolved during this time.
which will remain an important part of the overall VC ecosystem, particularly in the current economic environment,
and nature of The irish Venture capital environment by attracting top tier venture financing to Ireland so as to successfully scale innovative companies.
The challenge is to build a sustainable VC industry in Ireland despite the current economic environment.
which was developed in the context of Ireland's challenging economic environment and the absolute need to support economic growth committed to introducing the Innovation Fund Ireland86 to attract international venture capital fund managers to Ireland,
in cooperation with Enterprise Ireland, a number of commitments have been made that are due to be announced in the near term. 98 involves using different instruments to ensure that the business environment is conducive to the emergence
and Venture capital Programme and others result from a range of factors relating to the overall business environment.
Synergies and Complementarity The Enterprise Ireland Seed & Venture capital Programme is quite distinct from a number of agency delivered programmes in that it operates at the broader enterprise environment level rather than at that of the company or individual.
This is particularly relevant given the prevailing national and international economic environment which remains extremely challenging.
Enhancement of the environment and infrastructure, combined with economic and enterprise support initiatives, will be of long term benefit to the local economy.
and the environment would increase the need for sustainable solutions. Sustainability is entrenched in each part of the company, even in its logo.
the company creates products that have a minimal impact on the environment (Product Sustainability; and it creates new concepts
PROF is an all-inclusive concept that tries to provide answers to these questions by focussing on the patient and his environment, with durability, functionality, usability,
Devan Chemicals'philosophy is to be an innovate company in the textile chemicals industry by introducing chemicals that are less harmful to the environment
and the role the complementary assets play in a particular industry. 21 Shifts in government policies targeted at the business environment are another important driver of business model innovations in SMES.
Changes in the environment are thus an important reason small companies experiment with new business models to revamp
People buy Jaga heaters because they care about the environment or because they want a sleekly designed radiator as an eye catcher in their home or business lounge.
and some provide a more hygienic or healthier living environment. The race into ever more complex applications of chemicals coincided with a continued focus on the same type of customers and applications.
which an optimal environment can be created for microorganisms to grow and reproduce. Cultivating these mirco-organisms yields a desirable substance.
and resources from the external environment to stay ahead of the competition. 3 As global competition intensifies,
and cooperate to a high degree with their external environment, as catalysts, contributors or collaborators. Serial innovators may draw on higher education institutions for intellectual property and talent, on the financial resources of venture capitalists and angel investors and on the capacities and facilities of other companies, consultants,
and they give the character to"the different and competing environments that countries offer to innovating firms".
Every region can have improved startup communities. recommendations recommendations recommendations-7-Co-working spaces are terrific environments for the creation
They have provided a welcome reality check on the current environment for startups. The Forum is grateful to the many people who have contributed online, by telephone, in writing and in person.
-13-Innovative Can-do Culture The first pillar of a strong entrepreneurial environment is an innovative‘can-do'culture.
However, the Government can provide a permissive and supportive environment for the ecosystem to develop
and learn and share from each other in a completely confidential environment. Sandbox16 is another network where members are engaged directly with an international network of similarly minded-23-12 Another widely employed and valuable mentoring structure is a company's Board of directors.
positive environment. Successful mentorships are created through: Regular face-to-face meetings scheduled monthly for 1-2 hours of uninterrupted time.
The emergence of digital mobile systems (GSM) and open systems in computing and communications created an environment where even small companies could make an impact in world markets such as banking
The environment created over the last 5 years may have placed Ireland on the cusp of a similar innovation revolution.
and this would have a significantly positive impact on the funding environment for startups. 51.
if the entrepreneurial ecosystem is to operate in a truly supportive environment. 6. 3. 1 Bank lending Irish SMES'external funding mix is more reliant on commercial banks than almost all other European countries. 36 The Forum acknowledges that various
Vision for Ireland 6 Entrepreneurship Environment Key Elements 8 Strategic Objectives 12 Entrepreneurship in Ireland 14 Measuring Irish Entrepreneurship International Benchmarks 15
Culture, Human Capital & Education 23 2. Business Environment & Supports 24 2. 1 Taxation 26 2. 1. 1 Startup Company Relief
Business Environment & Supports 32 3. Innovation 34 3. 1 Innovation Supports 34 3. 2 High Potential Startups 35 3. 3
Human Capital & Education 56 Business Environment & Supports 57 Innovation 58 Access to Finance 59 Entrepreneurial Networks & Mentoring 60 Access to Markets 60
and acknowledged as a world class environment in which to start and grow a business.
and acknowledged as a world-class environment in which to start and grow a business.
acknowledged as a world-class environment in which to start and grow a business. Embracing and implementing the approach set out in this statement will result in Ireland having excellent support networks at local and national level and strong policy frameworks within
and entrepreneurs working together to create an environment in which startups can truly thrive. 1 Defined as an individual's creative capacity to identify an opportunity
and maintaining a business environment that is fit for purpose. The Entrepreneurship Forum has noted that the Government has a key role to play in facilitating a supportive policy framework conducive to entrepreneurial success. A wide range of public support programmes are already available to entrepreneurs and startups
http://www. djei. ie/enterprise/smes/Entrepreneurshipforumreport2014. pdf 8 National Policy Statement on Entrepreneurship in Ireland Entrepreneurship Environment Key Elements Entrepreneurship requires a range of skills
1. Culture, human capital and education 2. Business environment and supports 3. Innovation 4. Access to finance 5. Entrepreneurial networks and mentoring 6. Access to markets
National Policy Statement on Entrepreneurship in Ireland 9 Ecosystem for Entrepreneurship 6 Access to markets 23 4 5 Business environment and supports Innovation Access to finance
Entrepreneurial networks and mentoring 1 Culture, human capital and education 10 National Policy Statement on Entrepreneurship in Ireland For the entrepreneurship environment to be truly effective
The business environment has a similar role, affecting both the obstacles the entrepreneur may encounter
Ecosystem for Entrepreneurship 6 Access to markets 23 4 5 Business environment and supports Innovation Access to finance Entrepreneurial networks and mentoring 1 Culture, human
and range of ICT professionals domestically to make Ireland a hub for technology startups. 2 Business Environment
and Supports Create a business environment in Ireland where it is easy to start up and grow a new business in terms of Company Law;
Licensing and where it is one of the most attractive environments in Europe. Promote best in class standards across the network of Enterprise Ireland
Ireland is performing well against a number of international benchmarks on various business environment indicators.
Create a business environment, in terms of company law, taxation, regulation and licensing, which makes it is easy to start
making it one of the most attractive environments for entrepreneurship in Europe. Further in depth analysis will be undertaken to identify precisely what factors are influencing both high and low performances in the GEDI pillars.
Enterprise needs to play a more central role in education to help HEIS provide an environment supportive of entrepreneurship.
Business Environment & Supports 2 There is a range of framework conditions and policies that can affect both first time entrepreneurs and serial entrepreneurs.
a set of actions will be developed in each of the coming years to enhance the business environment
and supports for entrepreneurs. 2. 1 Taxation The tax environment for entrepreneurs and investors in Ireland has become more challenging,
and business growth across the island and create an environment in which it is easier to do business.
Business Environment & Supports Create a business environment, in terms of company law, taxation, regulation and licensing,
and makes Ireland one of the most attractive environments for entrepreneurship in Europe. DJEI and other relevant Depts) Review and consider further amendments to the Employment
and across LEO's to enhance the support environment for startups, with a particular emphasis on regions that have struggled to achieve employment growth.
Enterprise Ireland will also publish a report each year on the startup environment across the LEOS network, identifying areas of excellence and areas for improvement and innovation.
Creating a collaborative environment between industry and academia is an important element in the entrepreneurship ecosystem. 3. 1 Innovation Supports Entrepreneurs can access a range of pre-investment supports from Enterprise Ireland or their Local Enterprise Office
For example, the funding environment internationally for companies in the cleantech and medical devices sectors is currently weak.
State Bodies Group, DES) Review the operations of Microfinance Ireland with a view to enhancing its positive influence on the microfinance environment.
The key challenge is to develop the regional spread of startup activity by enhancing the startup environment outside Dublin.
There are many creative and innovative ways that the business environment for entrepreneurs could be supported by different individuals
Although the international environment remains challenging, there is significant potential to increase activity in each of these areas.
while at the same time providing the public sector with new, cost effective solutions, developed in a risk free environment,
and acknowledged as a world-class environment in which to start and grow a business.
across HEIS DES Unavailable at date of publication Performance across STEM DES Unavailable at date of publication National Policy Statement on Entrepreneurship in Ireland 57 Business Environment & Supports A wide range
Performance Indicators Business Environment & Supports Metric Source Baseline-2013 Output-2014 BUSINESS ENVIRONMENT Ease of Doing Business World bank 10 EII Scheme Activity
and technology to create an environment in which innovation and entrepreneurship can flourish. This investment in scientific excellence continues to have many positive effects,
Provide entrepreneurs with business space in a supportive environment with the aim developing entrepreneurship in both urban and rural locations.
, Food and the Marine DAHG Department of Arts, Heritage and the Gaeltacht DCENR Department of Communications, Energy and Natural resources DECLG Department of Environment, Community and Local government DES Department of education and Skills
Environment Working group, EWG Farm Subsidies Statistics (Total USDA subsidies for U s. farms; accessed October 15, 2013), http://farm. ewg. org/regionsummary. php?
Given the current, weak economic environment in Europe, large increases in R&d investments are expected not for the next several years.
Battelle, R&d Magazine Highlights of the international research funding environment include: Asian share of global R&d continues to increase,
supportive environments ecosystems that enable risk-taking and catalyze enterprise formation. Well-known examples include the dedicated Research Triangle in North carolina
One fundamental aspect of these ecosystems is that they are sticky environments in which talent and capital are retained
A new factor complicating the R&d environment for the life science industry is the set of changes in the U s. healthcare landscape mandated by the Affordable Care Act.
The future operating environment for this industry is complex. As noted, the Affordable Care Act creates uncertainties in areas like the introduction of new medical products.
Technology Environment & Sustainability#3 Motor vehicles United states Motor vehicles Energy Generation & Eciency Environ . & Sustainability#1#2 Composite/Nano/Advanced Materials#3 Commercial Aerospace & Non-Automotive Transport Healthcare & Life science Instruments & Electronics Germany#4 Information
in particular the Environment and Energy efficiency OP that explicitly states the necessity of support to environment
An AM-specific, policy supported initiative that can be considered a good practice case is the Mobility and Environment Programme of Széchenyi University and Pannon University,
on the capacity built in the framework of the Mobility and Environment Programme. New projects include research on hybrid vehicles,
and the key supports and business environment measures to be taken to ensure Irish based enterprises are among the most innovative, productive, competitive and entrepreneurial in the world.
and introduce a Knowledge Development Box to ensure the tax environment is optimised for innovative enterprises located here.
This will require an enterprise environment that supports, amongst other things, enhanced levels of entrepreneurship and progress is being made.
Credit and Investment for Growth Limited funding flows in an economy damage the environment for entrepreneurship
activation, research and the broader business environment. Government alone cannot deliver on our high level ambitions.
All of these elements will contribute to the creation of a more dynamic and competitive environment for SME funding.
and to be acknowledged as a world-class environment to start and grow a business. To achieve the ambition,
Business environment and supports; Innovation; Access to finance; Networks and mentoring; and Access to markets.
The broader IP environment should also support firms in realising internationally competitive returns from their IP activity
The Road Map responds to a changing international environment and ensures that we continue to attract
1. Make Ireland the best environment for generating and managing IP; 2. Ensure firm-level supports
The onset of the international financial crisis and the systemic problems within our national banking system, in conjunction with cultural payment issues have conspired collectively to create an extremely challenging environment for SMES in relation to accessing finance.
Across the OECD the outbreak of the 2008-09 global financial crisis profoundly changed the business environment for SMES
The support environment for SMES has also been enhanced by the establishment of the network of Local Enterprise Offices (LEOS.
This has contributed to a more informed understanding of the SME bank lending environment and facilitated a stronger focus on new lending.
and examined, on a monthly basis ensuring a more informed understanding of the SME bank lending environment,
the SBCI will also continue to explore the potential for cooperation with other National Promotional Banks in seeking to enhance the funding environment for SMES in Ireland.
It is recognised that developing a more robust and effective equity environment is a long-term structural change that will require an integrated set of actions designed to change the behaviour and culture of entrepreneurs, companies and investors.
and strategic actions needed to ensure that Ireland's enterprise policy is sufficiently robust in the context of a changing competitive environment and intensified global competition for trade,
Business environment and supports; Innovation; Access to finance; Networks and mentoring; and Access to markets.
For the entrepreneurship environment to be truly effective, these six elements must be mutually reinforcing,
Actions to support the entrepreneurship environment in 2015 include a pilot of a new Entrepreneur Partnering Programme scheme
EI, LEOS, DSP) Business Environments and Supports 189 Support 130 new Entrepreneurs via the New Frontiers programme.
and across LEO's to enhance the support environment for startups, with a particular emphasis on regions that have struggled to achieve employment growth.
Enterprise Ireland will also publish a report each year on the startup environment across the LEOS network, identifying areas of excellence and areas for improvement and innovation.
In an increasingly competitive international environment for securing startup hub status the Startup Gathering will help differentiate Ireland internationally thereby increasing international inward engagement with Ireland's startup sector;
This highlights the merits of focusing on improving the environment for businesses, particularly in their engagement with public bodies.
sensible steps across the public sector that we can continually improve the operating environment for hundreds of thousands of employers across the country, making business easier, cutting costs,
and enhancing the environment for job creation. 96 2015 Actions Take steps to reduce the red tape for over half a million business interactions in 2015 219 Roll out the new National Post Code system
Defence 66 Education & Skills Group 568 Environment, Community & Local government 494 Finance Group 24 Foreign affairs & Trade 5 Health Group 382 Jobs
Corporate Social Responsibility (CSR) is concerned with the impacts an enterprise has on its stakeholders, the environment,
D/Justice and Equality) 264 With the Film Board, the Department of Arts, Heritage and the Gaeltacht is continuing to work to create a more competitive environment to grow the film,
including Research Councils UK, the Department for Environment, Food & Rural affairs UK, and others. This action will build complementary research competence for Ireland and Irish companies.
a substantial new Agri-Environment Scheme (GLAS; continued strong support for Areas of Natural Constraint (formerly the Less Favoured Areas Scheme;
with a pilot in specific sectors such as the built environment or engineering. Create a national Design Development Programme for innovative design organisations,
and services in a sustainable way that reduce the impact on the environment. It includes activities in areas such as sustainable food production, tourism, green financial services, waste management, renewable energy, smart grids and energy efficiency.
Energy and Natural resources DCYA Department of Children and Youth Affairs D/Defence Department of Defence DECLG Department of Environment, Community and Local government DES Department of education and Skills DFAT
by expressing willingness to contribute to the creation of a favourable environment for the development of social business in Europe,
The Social Business Initiative (SBI) was launched by the European commission in 2011 with the aim of fostering a fertile environment for the development of social business in Europe.
innovation and behavioural change and b. investigation of formal and informal institutional context, including political, cultural and economic environments and institutions directly and indirectly supporting social enterprises.
1) SCU (2014) Science for Environment Policy In depth Report: Social Innovation and the Environment. Science Communication Unit, University of the West of England, Bristol.
Report produced for the European commission DG Environment, February 2014. Available at: http://ec. europa. eu/science-environment-policy;
2) the Transition Network's website: www. transitionnetwork. org 10 The idea of‘Peek oil'is one of the main motives of the transition towns movement. 11 Permaculture can be defined as‘consciously designed landscapes which mimic the patterns
and relationships found in nature, while yielding an abundance of food, fibre and energy for provision of local needs.'
which provides an environment for third sector entities to cooperate, learn from each other and build new shared enterprises.
SCU (2014) Science for Environment Policy In depth Report: Social Innovation and the Environment. Science Communication Unit, University of the West of England, Bristol.
Report produced for the European commission DG Environment, February 2014. Available at: http://ec. europa. eu/science-environment-policy Taub, R. P. 1998) Making the adaptation across cultures and societies:
a report on an attempt to clone the Grameen Bank in Southern Arkansas. Journal of Developmental Entrepreneurship 3 (1), 53 69.
TEPSIE (2014) Building the Social Innovation Ecosystem. A deliverable of the project: The theoretical, empirical and policy foundations for building social innovation in Europe (TEPSIE), European commission 7th Framework Programme, Brussels:
, environment, economy, society or technological development. It often seems easier for the general public to interpret composite indicators than to identify common trends across many separate indicators,
the macroeconomic environment, the quality of public institutions, and technology. The GCI has, therefore, a clear link between the framework (whatever this is) and the structure of the composite indicator.
Some analysts characterise this environment as indicator rich but information poor. The underlying nature of the data needs to be analysed carefully before the construction of a composite indicator.
An indicator measuring the environment for business start-ups, for example, could be linked to entry rates of new firms,
where good performance on the composite indicator of business environment would be expected to yield higher entry rates.
the DQAF assesses how the quality of statistics is affected by the legal and institutional environment and the available resources,
Clarity refers to the statistics'information environment: appropriate metadata provided with the statistics (textual information, explanations, documentation, etc;
Munda G. 1995), Multicriteria evaluation in a fuzzy environment, Physica-Verlag, Contributions to Economics Series, Heidelberg.
a multi-criterion framework, Environment, Development and Sustainability, Vol. 7 (1): 117-134. Munda G. and Nardo M. 2005), Constructing Consistent Composite Indicators:
Wiley, 2004.29 A.-H. Mohsenian-Rad and A. Leon-Garcia, Optimal residential load control with price prediction in real-time electricity pricing environments, IEEE Trans.
and a general resurgence in enterprise activity have provided a supportive environment for the incubation of a new system of financing businesses:‘
The Eco-Innovation Observatory is financed by DG Environment of the European commission: Legal notice Any views or opinions expressed in this report are solely those of the authors
Funded by the European commission, DG Environment, Brussels Layout Eco-innovate! A guide to eco-innovation for SMES and business coaches 3 eco-innovation observatory 1 Introducing eco-innovation...
It means being economically competitive while respecting the natural environment. Eco-innovation takes the full life-cycle perspective into account, rather than just focusing on environmental aspects of individual life-cycle stages.
and respect the environment by reducing resource intensity of products and services. Sustainable management of natural resources Tackling climate change Improving biodiversity and ecosystems Saving material and energy costs New products and services:
new markets New business models Enhancing quality of life Creating new and sustainable jobs Material security Resource justice economy environment society politics Figure 2:
This trend cannot continue without detrimental consequences for environment. The price volatility for commodities, notably metals, food and non-food agricultural items, was higher in the 2000s than in any decade of the 20th century6.
World Economic Forum Global Risks Report 2012, www. weforum. org/reports/global-risks-2012-seventh-edition 8 European Environment Agency 2010:
The European Environment. State and Outlook 2010. Material resources and Waste. European Environment Agency, Copenhagen. Eco-innovations focused on improving material
and energy productivity can save costs and lower risk by making companies less dependent on imports.
The producer Electro Power systems SPA, was nominated as one of the Technology Pioneers in the field of energy and environment by the World Economic Forum in 2012. www. electrops. it WEF 2012
and minimum impact on humans and the environment (ICMM). Materials stewardship encompasses both process and product stewardship.
TRI-VIZOR's Cross Supply Chain Methodology software makes it possible to maximise in real-time the total community gains in cost and CO2. www. trivizor. com Shields Environment:
following a simple online application process with special discounts for SMES. ec. europa. eu/environment/ecolabel Eco-labels are profiled at limas. simpple. com/resources/results
and examples. www. defra. gov. uk/environment/economy/products-consumers/green-claims-labels/Learning Resources Eco-innovate products
Shields Environment Source: www. shields-e. com p. 40: TECNARO Source: www. tecnaro. de; Godrej & Boyce Manufacturing Source:
www. crawfordhk. com/study. html About the Eco-Innovation Observatory The Eco-Innovation Observatory (EIO) is a three-year initiative financed by the European commission's Directorate-General for the Environment from the Competitiveness
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