Synopsis: Entrepreneurship: Opportunity:


Innovation in SMEs - A review of its role to organisational performance and SMEs operations sustainability.pdf

They asserted that manufacturers may well take the opportunity to refine and improve some ijcrb. webs. com INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS COPY RIGHT 2013 Institute of Interdisciplinary Business Research 3 7 5 MARCH 2013 VOL 4, NO 11 components,

Heunks (1998) also found successful SMES associated with committed leaders with vision, enthusiasm, future-oriented exploit external opportunities for inward investment and information gathering.

He said organisations must open up innovation opportunities to all staff and engage customers, suppliers, competitors,


Innovation in urban mobility_ policity making and planning.pdf

New technologies also bring opportunities for integrating data for journey planning and electronic ticketing, and smart cards to facilitate interoperability between public transport modes.

travel opportunities need to be equitable for all. This includes ACCESSIBILITY FOR ALL Mediate Access 2all 16 Innovation in urban mobilit y-polic y making


Innovation studies in the 21st century questions from a users perspective.pdf

the opportunities new scientific insights offer us, and the world in which we are able to make them reality,

In his dissertation, Mayer 57 gives a good overview of the opportunities these instruments offer,

while such instruments do offer potentially major opportunities, a deeper study into their functionality and the conditions for their use is called for. 5. Conclusion An attempt has been made in this paper to analyse the questions


Innovation, collaboration and SMEs internal research capacities.pdf

and try to take advantages of every new opportunity. To enhance the performance and the growth of their company,

and to exploit new opportunities better. If a firm temporarily neglects to invest in a technical field,

it will be less aware of technological opportunities (Cohen and Levinthal, 1990). So it will increase its initial weakness.


Innovation, Performance and Growth Intentions in SMEs.pdf

which can create new opportunities for SMES. Larger firms rely on smaller firms for new ideas

opportunity recognition, process/practice development and creativity in accomplishing goals. C. Growth Intentions Entrepreneurs vary considerably in their intentions to grow their business 6. Alterations in markets offer new opportunities for growth,

and this can be exploited in an innovative fashion (Sexton & Bowman, 1991; Brown, Davidsson & Wiklund, 2001;

Growth intentions and innovation have been linked in previous studies as firms look to take advantage of opportunities, renew processes,

and exhibit opportunity recognition and exploitation skills and thus three items that measured the willingness of firms to take on new opportunities

and also their willingness to adjust their business as necessary in order to exploit them. The proactive nature of firms to utilize opportunities was measured by action

and decision-making shown in uncertain situations. Innovation throughout an organization was tested with regard to general business practices,

and opportunities and increasing consumer willingness to pay more for added product benefits and features (Cho & Pucik,


InnovationTechnologySustainability&Society.pdf

and opportunities for improvement at all stages in the innovation process. This approach can also identify smaller improvements that lead to more sustainable products during the course of development,


Innovation_Challenges_for_SMEs Regional Assembly.pdf

and Innovation opportunities Review the issue of local authority rates and charges Knowledge bases and Innovation Roadshow be established Policy Paper Recommendations Examine ways to make 3rd Level Sector more SME friendly Freedom


Innovation_in_SMEs._The_case_of_home_accessories_in_Yogyakarta__Indonesia_2013.pdf

The opportunities of firms to innovate however depend on the strategies of global buyers and mode of governance of value chains (Gereffi 2005).

This offers limited opportunities to innovate, as buyers and suppliers transact but do not interact.

These also provide limited opportunity to innovate, as powerful global buyers control brands, designs, marketing and/or market relations.

This severely limits opportunities of suppliers to innovate. As suppliers don't conduct allactivities themselves it is expensive and risky for them to switch buyers.

Relational value chains, a third mode, provide more opportunity to innovate, as suppliers conduct more activities themselves,

However, strategies of global buyers may still limit opportunities of suppliers to innovate, because a large number of suppliers depend on a small number of buyers.

In a modular global value chain, suppliers have even more opportunity to innovate. Modular suppliers are specialized in components of final products (modules

opportunities to realize innovations depend on the mode of governance and strategies of global buyers. Local Innovation System A local innovation system (also referred to as a regional innovation system) sets its boundary based on geographical and cognitive proximity (Boschma 2005.

At the same time policies restricted export opportunities. These market failures reduced opportunities of small firms to innovate and export.

The Soeharto period however also laid the base for second stage as basic education improved sharply,

'After a phase in which development opportunities were relatively open, the development path narrowed down. The crises matured the sector.

We are not really looking into the opportunity to modernize machines. The investments would be huge

I also give them an opportunity to express themselves. In the west, designers give detailed specification to their workers.

and opportunities were lost. As respondent#1 expresses:‘‘I actually turned down an order of KLM.

provide learning opportunities and processes of constructive destruction. Firms that survive and prosper have learned and are able to deliver high quality products up to standards.

Buyers are also more likely to know the profit margin of suppliers16captive value chains in home accessories do provide opportunities to innovate.

Not only the mode of governance but also strategies of buyers determine opportunities to innovate (Gereffi 2005.

Strategies of IKEA have influenced indeed opportunities. IKEA initially contributed to the innovation process, but subsequent changes in value chain strategies resulted in the termination of contracts.

Transactions provide ample opportunity to learn by doing. Typically, a buyer sends a detailed product specification or design concept, after

and provide less opportunity for tacit knowledge sharing. Modular value chain Many firms aim to establish their brand name in Indonesia.

Members of the associations meet (bi) monthly, creating opportunities to share tacit knowledge. All maintain close contact with government.

The past five years politics in Indonesia has woken up to the economic, social and cultural opportunities of home accessories, with a range of policy initiatives,

Constraints and Opportunities"(Student working group, 2010. Lall S. 2001. Competitivenss, technology and skills. Northampton: Edward Elgar.


Intelligent transport systems in action.pdf

and mobile communications offer new opportunities for infrastructure access and charging systems. Interoperability between systems is needed


Intelligent transport systems.pdf

For example, introducing technologies to make bridges stronger with new materials can also present opportunities to make them smarter,


investment-in-the-future-RDIstrategy2020.pdf

as well as innovative enterprises, this will in turn contribute to providing the opportunities necessary for economic development and growth.

There are also opportunities for environmental It is a positive trend that Budapest and its outskirts can already be considered a knowledge-producing region on a European scale from a regional perspective (Borsi and Viszt, 2010);

, opportunities and threats of the national innovation system can be summarized as follows (see Table 1). Strengths Weaknesses The market

and strategic alternatives 2 Opportunities Threats Based on the SWOT analysis-building on the strengths, using the opportunities,

the strengthening and further development of doctoral schools by using the opportunities of the EIT knowledge triangle. 5) The elaboration

2) The strengthening of the platform-like business and horizontal cooperation. 3) The exploration of and support for opportunities of social innovation. 4) Pre-competitive instruments strengthening the demand-side (e g. pre-commercial procurement (PCP)

but the effective use of the instruments creates opportunities for financially efficient policy interventions: direct instruments mean the direct financial support for RDI;

not only provide a development opportunity for the RDI in the health sector but can also fundamentally contribute to the strengthening performance of the Hungary economy by improving the health status of the population

Nevertheless, it is also a fact that significant opportunities lie in the improvement of the efficiency

Primarily the opportunities lying in the more efficient utilization of the existing resources shall be used in the initial 37 The funding of targeted development of human resources (talent management,

The 2014-2020 EU programming period is a good opportunity to establish an efficient tax-side incentive mechanism.

there is an opportunity in the next EU programming period to transfer a significant share of the funding intended for RDI to tax benefits

A kreatív és kulturális ágazatok (CCI) szerepe és növekedési lehetoségei a Budapest Metropolisz Régió gazdaságában the role and growth opportunities of Creative and Cultural Industries (CCI

The students have an opportunity to develop their theoretical knowledge to practical knowledge during their stay by a company where they can have access to a much more complex knowledge (understanding of technology, creativity, responsibility, team work etc.

a new production process (renewed production or transport method), a new market (new markets, opening of a new placement opportunity),

Strengths, Weaknesses, Opportunities, Threats SZTNH: Hungarian Intellectual Property Office Tét: Science and Technology STI: science-technology-and innovation 76 abbreviations 77 annexes Annex 1:

opportunities and threats of the knowledge flow processes are collected (see Figure 28). The summary of the detailed SWOT tables is included in the chapter on problem identification of the strategy.

and SMES with an opportunity for participation (supply) -thus generating follow-through economic processes. It means an unprecedented opportunity and also challenge for the Eastern part of Europe

strictly speaking, for the Central and Eastern European region, that one of the projects on the ESFRI Roadmap can be implemented in this region-after Hungary,

indicating whether Hungary and the region are capable of successfully implementing projects of similar volume (that can mean an opportunity for further large-scale developments by/beside the prestige-enhancing effect).

it provides a research opportunity for more independent research groups and it is open, with equal opportunities for users if they meet the conditions set out in the publicly available regulations;


Ireland Forfas Report on Business Expenditure on Research and Development 20112012.pdf

Sectoral Opportunities and Policy Issues Forfás July 2013 Ireland's Construction Sector: Outlook and Strategic Plan to 2015 Forfás July 2013 Annual Report 2012 Forfás July 2013 National Skills Bulletin 2013 EGFSN July 2013


ITIF_Raising European Productivity_2014.pdf

it faces continued challenges but also opportunities. With its financial system stabilized, Europe's central economic challenge over the next quarter century will be to raise productivity growth rates.

Its central opportunity will be to take advantage of the ICT engine to shift to a higher productivity path.

D c.-based think tank at the cutting edge of designing innovation strategies and technology policies to create economic opportunities


JI Westbrook, J Braithwaite - Medical Journal of Australia, 2010 - researchgate.net.pdf

and processes by creating opportunities for health professionals to take on new roles and to provide care in different and innovative ways.

Such systems create opportunities for health professionals other than doctors to order certain tests and to make treatment decisions

and procedure manuals and assess how ICT can create opportunities for supporting new care delivery models rather than replicating existing practices.

Until we heed this lesson, we will continue to see ICT as a mere tool for automating existing activities further entrenching existing problems rather than as an opportunity for truly reforming health care delivery.


JRC79478.pdf

and opportunities worldwide (Bartlett and Ghoshal 1990, Dunning 1988, Dunning 1994). These"metanational"companies are increasingly building a new kind of competitive advantage by discovering,

This is a sign of the important position of China as an active actor seeking R&d opportunities abroad,

Interestingly, also China scores high on the in-degree ranking, casting some light on the increasingly more important role of Chinese companies in seeking R&d opportunities overseas.

The emerging network structure of the R&d system is providing opportunities for countries and managers

so that they can spot opportunities and act on them. Thus, the results of this paper allow us to formulate the following implications with respect to the emergence of the global R&d network and innovation policy:

This creates an opportunity for countries already established in the network to go out beyond the traditional groups


JRC81448.pdf

As a consequence there is little opportunity and no real need for public sector involvement. Nevertheless, some of the successful examples we see in the USA have benefited certainly from existing cluster effects for

first the entrepreneurial and creative impetus came from two individuals who identified the opportunity for voice over the internet.

are a source of unequal opportunity between US and EU web applications. This is an important issue

and e-paper offered a brief opportunity for European firms to re-enter the displays market.

Recent developments suggest that the opportunity has been missed. The EU has been largely absent from the displays market for the past two decades.

VC funds could flourish thanks to the better investment opportunities in the USA (see below in Lerner 2011.

This suggests that an important cause of the performance gap was the existence of better investment opportunities in the USA.

and its future here is still unclear. 22 The European commission's Interchange of Data between Public Administrations Programme (IDA) in 2002 financed an independent study on the opportunity of making software specific to the public administrations

after OSS was perceived by the EC as both a great opportunity and an important resource for the EU development,

Zennström and Friis identified the opportunity and created a business model in which the basic service is free.

enabling members to discover professional people, opportunities and privileges through its discovery capability and contact management tools.

The aim is to explore opportunities for healthcare applications on irobot platforms. Intouch Health will provide access to FDA regulated healthcare facilities,

In addition, this provides opportunities for students who are conducting the pilot studies to learn about specific obstacles in implementing new technologies.

Research and development is focused on creating new business opportunities, especially for industrial robots for small and medium-sized companies,


JRC85356.pdf

or commercial opportunities that are introduced on the market (OECD, 2010). These dynamics are exemplified by the economy's share of young fast-growing firms that fuel innovation, developing new goods or improving existing ones, services or processes (Veugelers, 2009.

This unit of analysis gives us the (theoretical) opportunity to observe over 1300 spatially standardised areas across the EU,

The Opportunities and Challenges of Multiple Embeddedness. Journal of Management Studies, 48 (2), 235-252.


jrc88429 s3 05_2014_transnational_learning_mariussen_midtkandal_ rakhmatullin_approved in pubsy.pdf

and may not in any circumstances be regarded as stating an official position of the European commission. 2 TRANSNATIONAL LEARNING AS A POWERFUL TOOL IN SMART SPECIALISATION The point of departure for this policy-brief is opportunities

In this way, S3 provides a framework for dialog on regional development opportunities and challenges between regional development policymakers inside regions and between regional planners in different countries...

AND OPPORTUNITIES FOR TRANSNATIONAL DIALOGUES Through peer review workshops knowledge about the region, its regional innovation system (RIS), its triple helix (3h),

and opportunities for transnational dialogues are all about. It is the first step in the direction of a new perspective on your systems of innovation.

or opportunities and new strategies you might need in the future. In other words, the new perspective could lead to real change.

and/or it can be the discovery of an opportunity of development. Frustrations and the discovery of opportunities are related closely.

If you have lost the ability to experience a frustration with your own performance, you are unlikely to look for new opportunities.

In the analysis, the driver of change is likely to be summarized as a SWOT, which outlines strengths, weaknesses, opportunities and threats.

This frustration, importantly, may be created through comparisons with others. It may also be present already, as a tension between current realities and opportunities you have not been able to reach.

Comparisons with other can help you to see your own region in a new perspective

obstacles are also opportunities. In order to realise these opportunities, you need an analysis of your problems

which identifies your needs. Using transnational learning to change your own region takes a coordinated effort,

The experimental S3 planning and policy-making cycle The experimental S3 planning and policy-making cycle Smart specialisation planning and policymaking Objectives Transnational learning opportunity What can go wrong?

and opportunities identified in your SWOT. What is relevant in terms of transnational learning depends on your SWOT analysis where you have discovered your drivers of change.

In this case, you have discovered an opportunity for development through co-evolution with other regions. We may be positioned in different parts of the same value chain.

Identification of unexploited opportunities through comparison with other regions Discover own weak projects with large potentials Authorization to follow this lead.

Identify both short term cost-efficient mechanisms of coordination between existing institutions as well as long term strategies Selection of realistic opportunities,

because they can guide the direction of the search for new opportunities. The opportunity is the solution to the problem you just discovered.

What created your inferior performance, compared to the other region? The crucial governance problem in the initial phase of this process is the analysis of the root cause.

weak projects or unexploited opportunities which are there, but which has been marginalized by other, more successful industrial opportunities.

You may discover them when you look at others, who have developed them already. You may see them

of either investing in this opportunity or putting it on hold. WE WILL CREATE A NEW PARADIGM A special case of entrepreneurial discoveries consists of new paradigm creation.

certain European regions have discovered the new opportunities created by co-specialisation. Typically, the development of co-specialised networks of European or global regions takes as a point of departure sector specific or cluster specific networks

and the focus is on exploiting existing opportunities through open systems of innovation. The forms of transnational learning required in these strategies are sophisticated


JRC95227_Mapping_Smart_Specialisation_Priorities.pdf

smart specialisation is‘the capacity of an economic system (a region for example) to generate new specialities through the discovery of new domains of opportunity and the local concentration and agglomeration of resources and competences in these domains'(Foray, 2015).

in order to address emerging opportunities and market developments in a coherent manner, while avoiding duplication and fragmentation of efforts';

this should allow emerging opportunities and market developments to be addressed in a coherent manner, while avoiding duplication and fragmentation of efforts.

and an opportunity to be recognised by potential counterparts looking for collaboration in a particular area.

opportunities and challenges for regional innovation policy, Routledge: Abingdon. Frenken, K. and Boschma, R. 2007.


KFI_Tukor_ENG_NET.pdf

Foreign market entry opportunities The bulk of primary data shown in the text boxes of this report were taken from an RDI survey carried out by the National Innovation Office RDI Observatory in the spring of 2012 with the participation of 1

as it is with their help that we can create a digital internal market that could bring numerous potential growth opportunities for the region.

and mapping project opportunities Bemutatkozó Phone:++36 1 484 2500 Fax:++36 1 318 7998 E-mail:


Leporello_EN_20131202.pdf

and mapping project opportunities Kaleidoszkóp (the name refers to the multifaceted nature of RDI) is the name of the information system used by the National Innovation Oice.


LGI-report-Re-thinking-the-Digital-Agenda-for-Europe.pdf

Meanwhile, the gap between cable coverage and cable broadband penetration represents a significant opportunity for Europe and for the industry.


Mainstreaming ICT-enabled innovation in education and training in EU_ policy actions for sustainability, scalability and impact at system level.pdf

overcome the current economic crisis and grasp new opportunities. Innovating in education and training is a key priority in several flagship initiatives of the Europe 2020 strategy,

which gave the participants the opportunity to comment, explain or propose missing policy recommendations. In order to avoid an order effect,

Evidence-based, multidisciplinary research can reveal weaknesses, strengths, opportunities and challenges and increase the knowledge base for the scaling up and progressive mainstreaming of ICT-ELI.

Policies should encourage learning organisations to embrace the technological opportunities available for opening up their learning materials (e g. open educational resources) and practices and also support informal learning.

ICT offers unprecedented opportunities for educational stakeholders to connect with others beyond the constraints of time

Research reveals that effective implementation of new pedagogical technologies is ensured best through learning opportunities that are linked

and maintenance of‘learning networks'that provide opportunities for professional peer exchanges (65.8%)(e g. Vuorikari et al.

Following the Open Method of Coordination*for identifying common challenges and opportunities, in order to support peer learning

%to aggregate learning opportunities and knowledge exchange on a large scale. Cross-border professional networks, such as etwinning (e g.

Investing in structures, such as national and/or transnational inter-linked portals, to aggregate learning opportunities on a large scale (e g. learning resources for School Staff Professional Development) and exchange knowledge

Supporting the development of bigger teacher professional networks (networks of networks) that offer a wider range of opportunities for peer learning

"Researchers, however, value most the recommendation"Investing in structures, such as national and/or transnational inter-linked portals, to aggregate learning opportunities on a large scale (e g. learning resources for teachers'professional development

Teacher networks-Today's and tomorrow's challenges and opportunities for the teaching profession. Brussels:

Following the Open Method of Coordination*for identifying common challenges and opportunities, in order to support peer learning

Supporting the development of bigger teacher professional networks (networks of networks) that offer a wider range of opportunities for peer learning and collaboration than the smaller networks.

Investing in structures, such as national and/or transnational inter-linked portals, to aggregate learning opportunities on a large scale (e g. learning resources for School Staff Professional Development) and exchange knowledge

8 1. 7 5. 0 14.9 25.6 28.1 24.0 52.1 Following the Open Method of Coordination*for identifying common challenges and opportunities,

learning opportunities on a large scale (e g. learning resources for teachers professional development) and exchange knowledge. 2. 5 3. 3 6. 7 5. 8 17.5 31.7

range of opportunities for peer learning and collaboration than the smaller networks. 2. 5 4. 2 4. 2 11.7 20.0 27.5 30.0 57.5 1-not relevant at all;

) Following the Open Method of Coordination*for identifying common challenges and opportunities, in order to support peer learning

networks (networks of networks) that offer a wider range of opportunities for peer learning and collaboration than the smaller networks. 5. 47 (1. 72) 53 5. 31 (1

-linked portals, to aggregate learning opportunities on a large scale (e g.,, learning resources for teachers professional development) and exchange knowledge. 5. 66 (1. 59) 53 5. 65 (1. 57) 26 5. 58 (1. 14


Management of patient information - trenda and challenges in member states - WHO 2012.pdf

architecture vision, business architecture, information system architecture, technology architecture, opportunities and solutions, migration planning, implementation governance,


Micro and Small Business in the EU whats in it for you.pdf

and given the opportunity to thrive, in order to stabilise the European economy. Although recognition of the importance of SMES can be seen as a step in the right direction

how to make use of the opportunities that are available to you. How to make your business benefit from the EU 12 13 14 15 3. 1 EU 2020 Strategy Made Simple Since 2008,

and consequently enhance their competitiveness. 7. Help SMES to benefit more from the opportunities offered by the Single Market.

Measures such as information provision on business opportunities and applicable rules in other countries as well as a more efficient patent system and the development of standards should stimulate SMES to trade cross-border. 8. Promote the upgrading of skills in SMES

and innovation. 9. Enable SMES to turn environmental challenges into opportunities. The demand for environmentally friendly products and services opens the way for new business opportunities.

The Commission therefore supports eco-efficient businesses and products. 10. Encourage and support SMES to benefit from the growth of markets.

The awareness of opportunities of EU-external trade is advocated by the Commission in order to overcome the dissuasive stance of SMES.

and the participation of experienced researchers. http://cordis. europa. eu/fp7/people/industry-academia en. html 2. Marie Curie Initial Training Networks (ITN) offers the opportunity

There are two funding opportunities under this objective. A. European Regional Development Fund (ERDF) It focuses on the fields of innovation and knowledge-based economy,

http://www. eif. europa. eu/what we do/jeremie/External offices/index. htm There is also the opportunity of subscribing

On September 2009 micro-credit providers had the opportunity for the first time to express their interest for technical assistance.

SMES have the opportunity to participate in funded projects through an annual call for proposals. The proposals are published by the Education, Audiovisual and Culture Executive agency (EACEA.

The European commission co-funds travel and accommodation expenses of new or would-be entrepreneurs who wish to gain know-how about SME management as well as of experienced businessmen looking for fresh perspectives and international cooperation opportunities. http

and opportunities the EU creates for their businesses, leaving many opportunities unused. We hope that this publication has helped you in gaining a clearer perspective of the main small business aspects of the EU operations


Mid-WestResearchandInnovationStrategy2014-2018.pdf

30 CHAPTER 5 Opportunities for Future Growth 36 CHAPTER 6 Strateg y Implementation 48 CHAPTER 7 Monitoring and Evaluation 52 APPENDIX 1

and opportunities in the Midwest and lays the foundations for strong and focused collaborative research and innovation activity in the Region.

Policy Context Both policy development and funding opportunities at European and National levels are focused increasingly on research,

Smart Specialisation Support for Entrepreneurs & Innovators Open Innovation Culture Cluster Development Midwest Region Research & Innovation Strategy 6 Opportunities for Future Growth The research

In order to achieve the vision for the Region a series of key areas where there are opportunities to capitalise on the research

Under this approach a company/innovator/Higher education Institute will work with external partners on new ideas to generate new business opportunities The adoption of an open innovation approach between companies,

entrepreneurs and existing businesses to develop new opportunities, making the Region a European and world leader in terms of R&i capacity and performance.

and this Strategy represents an opportunity to rejuvenate the regional research and innovation sectors for the benefit of the local,

and opportunities in the Midwest and will lay the foundations for strong and focused research and innovation activity in the Region.

This Strategy identifies unique opportunities for development and growth, based on the assets and capabilities of the region. 1. 1. 3 Objectives of the Strategy The overall aims of the Strategy will be achieved through the implementation of a number of key objectives, namely:

Both policy development and funding opportunities at a European and a National level are focused increasingly on these development areas

and it is essential that the Midwest Region capitalises on the opportunities that are presented by these high level policies and funding streams.

and identifies regional strengths, priorities and opportunities. The Research Prioritisation Report identifies a number of priority areas around

Innovation Vouchers are available to assist a company to explore a business opportunity or problem with a registered knowledge provider.

There is significant capacity for greater numbers of businesses to avail of research funding opportunities that are currently available.

and SMES for European funding opportunities including Horizon 2020. This is a collaborative approach whereby Tyndall is the coordinating mechanism for industry participation on a variety of EU programmes and other funding opportunities.

This approach supports the building of relationships within this sector, through enhanced collaboration and partnership on projects. 3. 6 Conclusion Industry development and expansion is a continually evolving process

and is of particular importance in securing new contracts and procurement opportunities. While there are extensive linkages in the Region at present

500 tenders) which provide the single biggest opportunity for SMES. A recent study has highlighted that 75%of all Irish public sector tenders are won by companies in Leinster.

if they had more market intelligence around opportunities. With growing public procurement opportunities in Europe and globally

Ireland is a low-level participant in this area. Less than 2%of Irish companies have won successfully European tenders since 200317.

Regionally they work to provide networking opportunities and business information events and they also work with key influencers

and to keep abreast of international trends 36 Opportunities for Future Growth Chapter 05 5. 0 Introduction The profile of the Region that has been set out in earlier sections of this Strategy has provided a baseline regarding the current research and innovation

In order to achieve the vision for the Midwest Region a series of key areas where there are opportunities to capitalise on the research

Good facilitation is required for collaborative opportunities to be identifi ed. Initially companies will be working in isolation

To secure public funding to engage a Cluster Facilitator to identify regional opportunities for collaboration

Energy Cork was conceived by Cork Chamber with a view to building on the unique opportunities for the region to secure competitive advantage in the energy sector.

Under this approach a company will work with external partners on new ideas to generate new business opportunities.

It offers the opportunity for businesses to identify and exploit complementary capability. The adoption of an open innovation approach between companies, academia and innovators in a region can assist businesses to:

To develop the legal and financial competencies within the Region that will facilitate the opportunity to avail of the benefits of Open Innovation approaches;

Technology Transfer Technology transfer is based on securing commercial opportunities for researchers and research institutions. The transfer of skills, knowledge, technologies etc. from research or education institutes to a wide range of users promotes scientific and technological development

and business growth by providing an opportunity for entrepreneurs and innovators to pitch their ideas to potential investors.

They also provide an opportunity for networking between researchers, entrepreneurs, start-ups and innovative companies, students and investors.

but there are currently limited opportunities for businesses and individuals to present their initiatives to potential investors in the Midwest Region

providing the opportunity for businesses/innovators to showcase their proposals to potential investors; To work with Innovate Limerick Ltd. to provide incentives to cultivate Limerick as a‘Start-up City';

business support agencies and Innovate Limerick Ltd. to ensure that opportunities for research, development and innovation are identifi ed and capitalised upon.

It is recommended also that further opportunities for collaboration and knowledge transfer are sought proactively. In this context it is recommended that the opportunities offered by Horizon 2020

and by the Knowledge Alliances and Sector Skills Alliances of the Erasmus+Programmes are investigated particularly.

Internationally Traded Services-building on emerging growth opportunities; Logistics and Supply Chain Management-taking advantage of infrastructures and local skills;


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