However, opportunities presented by the globalization and the entwined, simultaneous pressure to innovate opens for SMES new arenas to engage in
and Labour Affairs in Hamburg and co-financed by the European union (EU). The findings of this survey are matched here against perceived opportunities
21 4. 3 Leveraging Market Opportunities...21 5-Challenges of Global Innovation...22 5. 1 Finding Qualified Personnel...
) Opportunities presented by the globalization and the entwined, simultaneous pressure to innovate, opens for firms, also for SMES,
and Labour Affairs in Hamburg and co-financed by the European union (EU The findings of this survey are matched here against perceived opportunities
but also presents an opportunity to internationalize sales in new, rapidly growing markets and thereby to generate additional revenues.
Many projects were aborted in late phases, causing significant losses in the form of sunk costs and lost opportunities. 42%42%16%0%10%20%30%40
According to some preliminary calculations the shortage of skilled (technical) labour, primarily of engineers and scientists, is leading to a loss of over 20 billion euros a year in the form of unrealized business opportunities.
It is therefore not surprising that many SMES have started recognizing the opportunities that the globalization enables not only in the production but also in R&d.
fast-growing markets such as China and India, may offer tremendous opportunities, e g. in the form of vast pools of qualified human resources in science and technology, cheaper labour costs and access to new, fast
R. Tiwari and S. Buse (October 2007) Page 20 of 31 Setting up offshore R&d centres provides firms with an opportunity to tap into a larger talent pool
or they may cause high opportunity costs in the form of lost business opportunities (in case of prohibition).
or is possible with significantly lower restrictions then it may make sense to locate R&d efforts in that country. 4. 3 Leveraging Market Opportunities
In addition to knowledge and cost factors there might be significant market opportunities abroad in the form of demand for localized products in fast-growing markets.
The urban incomes are set to rise significantly providing ample opportunities for the manufacturers to sell not only items of basic necessities but also of a discretionary nature (MGI, 2006.
At the same time these global opportunities are associated invariably with challenges that need to be mastered in order to fully exploit the chances of global innovation.
Opportunities and Challenges In public-Private Partnership",in: Asia Pacific Tech Monitor, Vol. 24, No. 1, New delhi, pp. 32-37.
developing or applying new marketing techniques to expand sales opportunities, and incorporating new forms of management systems
not only give SMES the opportunity to benefit from a broader pool of information resources, but would also provide a ready network of potential business partners.
I. INTRODUCTION Innovation is an important tool that provides opportunities to new inventions and building of new markets (Kuhn & Marisck, 2010.
a key player in improving SMES'access to funding opportunities.''Innovation in SMES'funds additional activities intended to support entrepreneurship, internationalisation,
disruptive and competitive solutions seizing European and global business opportunities. Market uptake and distribution of innovations tackling the specific challenges in a sustainable way.
Generally, the actions are designed to provide opportunities to Member States and regions to enhance their services through collaboration,
& Documents at the Participant Portal at http://ec. europa. eu/research/participants/portal/desktop/en/opportunities/h2020/topics/2350-innosup-1-2015. html
and quality of services available to SMES, Enhance the opportunities of excellent researchers and other specialists to transfer their knowledge transnationally
when need and opportunity for policy learning in agencies arises. While peer learning is open for all relevant topics only the'Twinning+'methodology as well as the quality management scheme for innovation agencies based on EFQM are recognised as learning methods.
However, it becomes evident that only a small number of enterprises using the platform have already the skills to draw full benefits from the opportunities.
which can to a large extend be automated to higher value added functions like the identification of opportunities and the animation of project development.
the coaches should have the opportunity to exchange ideas and experience with each other to grow the competencies within the coaching network.
-Awareness raising regarding the recruitment opportunities for SME instrument coaching towards appropriately qualified individuals,-Creation of information materials, setup of dissemination events,
and service innovation activities towards the needs of clients in emerging economies and identify new business opportunities for such product even in mature markets.
Enterprise and industrial innovation opportunities, in terms of products, services and organisational innovation, and innovation processes are getting more diverse by the integration of advanced IT and internet.
and extension of the 2013 Business Innovation Observatory, is the regular analysis of evidence to develop better tailored policy responses to the opportunities and needs of European businesses innovation.
To capture the growth opportunities notably in developing countries and emerging economies enterprises innovate specifically for these markets building on local expertise and inventiveness.
Seizing an opportunity in third countries can, at the same time, result in a remarkable business success also in the home market and globally.
Many opportunities remain untapped. An international conference in 2015 will launch a debate and collect evidence on how European SMES are involved in international R&i.
and opportunities of international R&i activities and networks and how they can be supported to engage in globalised innovation processes.
PROMOTING ENTREPRENEURSHIP AND INNOVATIVE SMES IN A GLOBAL ECONOMY OECD 2004 7 Introduction Ministers have the opportunity to assess priorities for SME policies The second OECD Conference for Ministers Responsible for SMES brings together 30 OECD countries
It offers Ministers the opportunity to take stock of the progress that has been achieved in implementing the Bologna Charter, adopted at the Bologna Conference in June 2000.
and often innovative, solutions to management and organisational problems as well as to the exploitation of new opportunities. but this source is untapped largely.
More precisely, women face different obstacles at different stages in this process (e g. opportunity identification, opportunity exploitation and fund-raising.
but all must be aware of the opportunities and constraints created by the intellectual property system.
PROMOTING ENTREPRENEURSHIP AND INNOVATIVE SMES IN A GLOBAL ECONOMY 24 OECD 2004 Key policy recommendations Improve SMES access to information about networking opportunities.
PROMOTING ENTREPRENEURSHIP AND INNOVATIVE SMES IN A GLOBAL ECONOMY OECD 2004 25 SMES in the Global economy Facilitating SMES'access to global markets Globalisation offers SMES opportunities The globalisation of business has drawn increasingly SMES
Many entrepreneurs are recognising the opportunities that this process offers and gaining access to global markets has become a strategic instrument for their further development.
Access to global markets for small businesses can offer a host of business opportunities such as larger and new niche markets;
and marketing opportunities. While the potential contribution of e-government is significant, the private sector must play the key role in providing content.
and developing economies need to strengthen their capacity to take advantage of trade and investment opportunities.
Enterprises in transition and developing economies face major challenges in strengthening their human and institutional capacities to take advantage of opportunities in these areas.
and investment opportunities and reap the benefits of the international trading system. This means they need to be competitive and productive.
and about supply opportunities to potential suppliers through the development of a national Web site and/or business directories, supplemented by meet-thebuyer events.
b) identify areas in which they have good opportunities to supply, and c) draw attention to weaknesses they must overcome
including a reduction of barriers to trade in manufacturing and agricultural sectors with major benefits and opportunities for developing countries.
factors such as having goals other than profit maximization, limited information about opportunities, or even social and cultural norms can also influence investment in innovation.
60 3 LIST OF TABLES Table 3. 1 Service Opportunities for Manufacturers...16 Table 3. 2 Comparison of NPD, NSD and TSD Processes...
These firms are headed by entrepreneurs who are motivated primarily by opportunities for growth and profitability through innovation in new products, processes, and markets.
These entrepreneurs are already seeking opportunities wherever they can find them. 6 They don't need our help to stimulate their interest in innovation,
and emergent requisite skills to be developed to meet new opportunities. The dynamic capabilities of particular concern are those that accelerate internal learning (e g.,
or seek new revenue opportunities from existing customers by offering them a more complete solution to their needs (Simon, 1996).
Lastly, new service revenue opportunities can be generated by thinking beyond the sale of the product and about its installation, operation and 12 disposal.
) One way that SMES can achieve such growth is by adding services to or around their products and this section reports on such new opportunities.
Also in this section, we include five mini-cases that illustrate how these opportunities can be realized.
There are many reasons why the addition of services can provide significant growth opportunities, greater stability,
Once the profit opportunity within the service arena is identified, the firm must set up the structures
We discuss later in this report the major cultural changes that must occur to shift the firm's understanding of the tremendous potential of the service opportunity.
Table 3. 1 Service Opportunities for Manufacturers 17 Figure 3. 1 Share of Service Sales/Spending Volume by Type Figure 3. 2 Market
Imitatability and opportunities for bundling: Services can be combined more readily into customized packages compared with product features.
and George saw an opportunity to provide a better service by offering custom formulated, environmentally friendly industrial cleaning and process chemicals delivered to proprietary refillable containers that are placed free of charge at customer facilities.
they feel less constrained to explore opportunities and to generate ideas. Innovative new services can result from this.
and inhibits feedback and learning opportunities from the field. It is better to overstaff inhouse personnel than risk ineffective response (Gebauer et al.
In addition, regular contact with customers via opportunities such as newsletters, users'clubs, chat rooms, etc. will help make the transition easier.
This presents an opportunity for market segmentation and focus on customers with the greatest need for the firm's services.
In particular, we have researched one specific major growth opportunity for such companies, namely the addition of complementary services around manufactured products.
and provision of a training program for existing MEP linked consultants to provide them with the skills to excite MEP targeted SMES in the opportunities for growth,
to analyze the existing firm positioning and possible new opportunities, and to guide the client through the change process.
but also greater incentives and opportunities to access the various markets and knowledge sources needed to build lasting competitive advantage through continuous innovation.
and opportunities that new technologies and globalisation raise for small firms. They must also find the right balance between measures addressing generic problems related to size
and opportunities that globalisation raises for SMES as they are faced with pressures to reduce production costs, increase productivity,
which opens large opportunities to improve products. Traditional accounts of R&d largely under-evaluate the subtleties of innovative design which require a deep understanding of product function in relation to customer requirements;
or access to vital information about potential inputs or market opportunities. These benefits from the extending the enterprise's activities abroad must exceed the benefits expected from externalising its property rights through other mechanisms such as licensing, management contracts, franchises, technical services agreements, turnkey projects, and subcontracts.
look for new technical opportunities, and explore new production methods. Public financial support is WK1 27 necessary
I will have the opportunity to discuss scientific ideas with him over the coming years. I extend deep gratitude for Mats Abrahamsson for his comments on the manuscript of the thesis,
Triggering initiation of opportunity recognition and evaluation. R&d Management 31 (4), 409 420. Ricketts, M. 2003.
when the manufacturing of the new product creates new market opportunities, attracts capital and thus generates new enterprises,
or commercial opportunities that have been neglected by more established companies and commercialise them, thereby contributing to growth and employment.
and exploiting public procurement opportunities. In this regard, new business opportunities are being driven by three types of public or pure market drivers:
o The promotion of lead markets in a bid to restore European union (EU) competitiveness o The creation of new market opportunities related to the search for technological and other solutions to societal challenges
o Expanding markets abroad 5 To address this barrier, regional and local authorities can: Support the internationalisation of SMES Promote innovative marketing tools Help SMES to improve their Corporate Social Responsibility How to address the lack of research capabilities in most firms and in particular SMES?
and loan instruments thereby makingimproving access to finance'the main objective of the programme. 14 Scheme adapted fromSME opportunities for EU-US collaboration in Horizon 2020'.
and to develop B to b opportunities. They contribute to creating a favourable environment for SME development and innovation and help in their internationalization.
It offers the opportunity for bilateral field visits. 18 This idea was introduced and is elaborated on by Foray et al (2009) in'Smart Specialisation The Concept,
and do not make use of wider international commercial links and opportunities, which can affect their capacity for growth and competitiveness.
In addition to practical training, events offer networking opportunities. The Parenthood project approach is based on the following principles:
or core competencies and resources in order to better respond to business opportunities, and whose cooperation is supported by computer networks.
o I-CREO, brings an expert within each SMES'network to seek new business opportunities o RURCED,
to support cross-border marketing opportunities o World trade center Almere, where all international services are available to stimulate international entrepreneurship and innovation PERIA43:
insofar as it introduces an expert directly to the supported SMES network to help them find new business opportunities
and bring new business opportunities to fruition, including in export markets. In Valencia the Institute for Small and Medium Industry of the Generalitat Valenciana (IMPIVA),
and promote business opportunities and to gather essential information in order to start up innovation strategies in each of the sectors.
Information is provided to companies through a website containing business opportunities, reports on the business environment and selected sectors such as water, energy, construction in 22 countries.
It is focused on facilitating internationalisation opportunities for SMES, and it is a purely transnational initiative,
This shows good transferability as well as opportunities for bilateral exchange of Good Practice. This type of GP has also been described in the UNICREDS50 project from the Innovation Systems Theme:
The actions will support energy-related initiatives by further identifying funding opportunities and engaging the involvement and commitment of local and regional authorities to uptake aspects related to the utilisation of renewable energy sources into local and regional development policies.
everybody had the opportunity to discuss their business and any problems or obstacles they were facing.
I-Creo To identify innovation opportunities through a network of professionals working as a think tank(§3. 2. 3). High Corporate Social Responsibility INNOMOT ERIK-ACTION Fabrica Etica Impresa
Every project detailed at length the various opportunities and obstacles to transferring GPS, as well as all the transfer steps they took.
It has been noticed by the projects that the opportunity window for implementing a GP can be very slim.
It also gives an opportunity to showcase some GPS for upscaling. The INTERREG IVC website has a GP database,
or a GP promoting networking opportunities from IPP (Entrepreneurs'day-Promoting Networking and Entrepreneurship). Other themes can also contribute to the innovation capacity of SMES, such as Entrepreneurship or Creative Industries.
to have networking opportunities for networking and to obtain funding. Besides H2020, there are other initiatives like:
A master's degree course at Dublin City university offers public procurement officers the opportunity to obtain professional expertise with regard to innovation procurement.
or core competencies and resources in order to better respond to business opportunities, and whose cooperation is supported by computer networks.
Information is provided to companies through a website containing business opportunities, reports on the business environment and selected sectors such as water, energy, construction in 22 countries.
and bring new business opportunities to fruition, including in export markets. Genomnanotech (Hungary: The Hungarian government realized that the subsidisation of innovation oriented R&d at universities is very important.
Innovation vouchers (4 regions from 3 countries proposed innovation voucher schemes) and other R&d funding opportunities;
It is focused on facilitating internationalisation opportunities for SMES, and it is a purely transnational initiative,
SME opportunities for EU-US collaboration in Horizon 2020. Information guide from the project Bilat USA 2. 0. Link.
grasping the opportunities for smart specialisation...58 Lessons learned and conclusions for policy...58 Notes...
grasping the opportunities for smart specialisation...63 Lessons learned and conclusions for policy from the Nfh case...
grasping the opportunities for smart specialisation...68 Lessons earned and conclusions for policy...69 Notes...
grasping the opportunities for smart specialisation...75 Lessons learned and conclusions for policy...77 Notes...
grasping the opportunities for smart specialisation...80 Lessons learned and conclusions for policy...81 ANDALUSIA, SPAIN:
grasping the opportunities for smart specialisation...84 Lessons learned and conclusions for policy...84 EAST MARMARA, TURKEY:
grasping the opportunities for smart specialisation...88 Lessons learned and conclusions for policy...89 Notes...
100 Future development grasping the opportunities for smart specialisation...102 Lessons learned and conclusions for policy...
106 Future development grasping the opportunities for smart specialisation...107 Lessons learned and conclusions for policy...
129 Future development grasping the opportunities for smart specialisation...130 Ambitions, strategic plans and tools and catalysts in the innovation ecosystem...
The smart specialisation approach calls for anentrepreneurial selection'of market opportunities (e g. to minimise failures
Three types of strategic capacities are needed to grasp future opportunities: the capacity to identify local strengths;
and competition failures but also opportunities to shift the direction of innovation towards global challenges); and to help build the policy tools for smart specialisation
ICTS or nanotechnology) with the industrial resources and capacities in the region (e g. local knowledge) that can lead to new economic opportunities.
and opportunities and engage in strategic coordination (Rodrik D.,2004). To illustrate, this could mean justifying public support for exploring the opportunities from applying GPT technologies to existing industries (e g. via demonstration projects, training.
Another characteristic of the smart specialisation approach is that it aims to deal with one of the weaknesses of government intervention in industrial and innovation policy,
proposing different business opportunities related to education, tourism, performance, guitar building, museum, recording, research or publishing.
and the potential and actual market and job opportunities created, while the role of the public institutions is limited to provide support
General purpose technologies play an essential role in strengthening existing specialisations and revealing new economic opportunities in high-tech sectors
and opportunities and engage in strategic coordination (Foray, 2012; Hausmann and Rodrick 2003) and; 2) Co-ordination externalities:
private activity anddiscovery'opportunities may be restricted due to the high fixed costs and large-scale investments required by some projects,
Public policies can assist further this process by providing key infrastructures (e g. information about emerging technological and commercial opportunities and constraints, product and process safety standards for domestic and export markets,
but also opportunities and goals of a society (e g. meeting social and global challenges like ageing and climate change).
and opportunities opening up within the Baltic sea Region and Nordic countries. Source: OECD-TIP Case studies on Smart Specialisation INNOVATION-DRIVEN GROWTH IN REGIONS:
Over the past two decades, globalisation has increased specialisation by creating opportunities for outsourcing and the development of global value chains.
smart specialisation arguably offers an opportunity to foster a dynamic economic process that accelerates structural change
From this perspective, smart specialisation strategies offer an opportunity for economic transformation of regions based on strategies that link actions to objectives in order to:
General purpose technologies play a particularly essential role in strengthening existing specialisations and revealing new economic opportunities in high tech sectors but also in traditional industries.
and the present, being not able to grasp emerging opportunities for the future. The use of foresights exercises and diagnostic tools can be particularly useful to identify these emergingactivities'and new synergies and complementarities.
as a potential market opportunity. Utilising their existing know-how and competences these metal-mechanic companies engaged in intensive dialogue with the regional government,
in order to detect emerging opportunities but also bottlenecks and threats to push these opportunities further. Source: OECD-TIP case-studies on smart specialisation The universities dealing with economics, public policy and administration,
and specific policy areas (e g. industry, health, agriculture, environment and culture) can play a crucial role during the process of designing the innovation strategies9 (EC-IPTS (2011).
to detect business opportunities and to capitalise on synergies and complementarities with other regions). Here, international organisations could serve as platforms to facilitate interregional and international interactions across sectors (e g. the International Association of Science Parks and Innovation Areas.
mechatronic modules and components for various high-tech industries and precise measurement technologies) where increasing intensity of R&d collaboration across regional borders could bring new opportunities.
its peripheral position raises both opportunities and challenges for cross-border collaboration. Its close position to the Mediterranean area,
which can point to interesting opportunities for technology development and to gaps in the regional or national scientific profile.
Governance for smart specialisation requires strategic capacities to grasp future opportunities, mainly in order to: identify local strengths;
development and innovation activity to areas where Finland would have the best opportunities for growth and competitiveness globally.
and to identify emerging opportunities at regional level. The results have a direct impact on national strategies.
That is, linking actions to objectives, connecting opportunities to assets, and policy instruments to priorities. The most common policy instruments used to support specialisation range from dedicated budgets, institutions, clusters initiatives, strategic investment, venture capital, education and training.
emergingactivities'may lack evidence-based potential economic value, opportunities for new start-ups or technology exploitation for existing companies.
Developing mutual learning practices to provide policy makers opportunities to learn from good practice examples but also failures carried out by other governments.
Summary Governance for smart specialisation requires strategic capacities to grasp future opportunities. This includes: the capacity to identify local strengths;
which provide an opportunity to clarify and reinforce the Government's priorities. The GRDC's mission also reflects the Australian Government's national innovation priorities which focus Australia's innovation efforts to strengthen the national innovation system.
grasping the opportunities for smart specialisation In order to identify future priorities, GRDC: i) approaches investment using programme logic;
and these networks alert it to opportunities for world-leading research; iv) monitors international developments in grains R&d and applies them locally when possible;
'and thus an opportunity for the Flemish ICT and pharmaceutical industries to diversify. Innovation in the health domain is a societal challenge,
Whether there are opportunities for new start-ups or technology exploitation for existing Flemish companies is too early to say as the foreseen technological breakthroughs are still very far from commercialisation.
grasping the opportunities for smart specialisation The mapping exercise created enthusiasm shared by a wide set of stakeholders from research and industry.
& competence pole Governance Low public R&d exp. in chemical sector given the importance of the sector Opportunities Anchors Developing white biotechnology knowledge base,
grasping the opportunities for smart specialisation It is FISCH's ambition to further boost the transition towards sustainable chemistry by identifying and stimulating opportunities and by brokering and catalysing co-operation.
and matching between knowledge supplies and opportunities in the market. Thirdly, within the context of this case study, a number of add-on exercises were developed that give further insight into the ecosystem that surrounds FISCH.
THE ROLE OF SMART SPECIALISATION 70 OECD 2013 collective of actors (FISCH members) who jointly decided that entering new paths could form an opportunity for competitiveness and knowledge creation in the future.
In the multilevel governance the issue of linking the regional strengths with international opportunities and value chains may have an interregional character,
grasping the opportunities for smart specialisation Challenges and opportunities Brainport 2020 identifies threetop clusters'and a number ofclusters in development':
'i) The top clusters are high tech systems, chemical engineering & chemistry, and lifetec (medical technology and cardiovascular);
in particular strengthening ties with the Aachen region, could also offer opportunities in further scaling up.
Although national funding for such projects in the past proved very difficult, European funding opportunities based on Smart Specialisation offer new scope for intensifying cross-border collaboration further.
Cross-borders opportunities: new smart specialisation programming offers a number of advantages for Brainport Eindhoven,
of which the opportunities to extend and strengthen cross-border collaboration in the wider ELAT region are perhaps the most eminent.
grasping the opportunities for smart specialisation Just as the past development of the photonics cluster was dependent on government intervention,
prospects for future development are dependent on grasping opportunities for smart specialisation. The vision to make Gwangju a global top three cluster is laid out in Photonics 2020:
and identify potential project opportunities; iii) organising and holding the Committee for Entrepreneurial Action (CEA),
grasping the opportunities for smart specialisation The Strategic Plan's main goal is to turn the Andalusian Aerospace into a competitive sector of Knowledge & Innovation based economy and in one of the engines of development.
standards, production and global conjecture The high level of Know-how of the suppliers due to foreign partnerships Opportunities Increase in domestic demand Newly emerging opportunities within the global markets and neighbouring
grasping the opportunities for smart specialisation There is a strong political commitment to support the automotive cluster among policy makers from different ministries
The UK automotive industry has reached a consensus as to how this opportunity can be seized and the challenges answered.
and 3) note United kingdom strengths and opportunities. 110 companies participated through a survey and workshops.
and be driven by local specialisation and identified growth opportunities. Identified influencing factors across the innovation system that can impact on specialisation priorities include:
Priedl 2011b) Future development grasping the opportunities for smart specialisation Current status of the specialisation
Opportunities for cross-border and international ecosystem development Lower Austria is in the lucky position to surround Vienna
Lower Austria's proximity to the knowledge-intensive Vienna region and the neighbouring Czech and Slovak Republics and Hungary in close vicinity present a specific set of challenges and opportunities.
Future development grasping the opportunities for smart specialisation Current status of the specialisation and prioritisation in the region The regional economy of Upper Austria is characterized by its very strong industrial core.
Opportunities for cross-border and international ecosystem development Upper Austria is a province in the heart of Europe with open-minded inhabitants and a very export oriented economy.
or opportunities for improvement could be taken sufficiently early. Lessons learned and conclusions for policy The lessons learned can be grouped as follows:
and as a means for utilizing the opportunity to channel EU Structural funds into innovation support measures.
only time and opportunities would have been lost. There have always been fundamental regional disparities in a variety of endogenous potential and development opportunities.
It is only local efforts what can initiate a process of change. Stakeholder's mobilisation:
Opportunities for cross-border and international ecosystem development Countries of the size of Estonia cannot effectively address all societal challenges alone, mostly due to the lack of critical mass and economies of scale.
and opportunities opening up within the Baltic sea Region and Nordic countries. Also the mobility programmes and measures (e g.
development and innovation activity to areas where Finland will have the best opportunities for growth and competitiveness globally.
for example the opportunity to create an entirely new way of implementing university policy through networklike operating models
Tekes Opportunities for cross-border and international ecosystem development The Lahti region has developed specific innovation activities,
Future development grasping the opportunities for smart specialisation Current status of the specialisation and prioritisation in the region The current status of the specialisation and prioritisation in the region can be grouped as follows:
The improved opportunities for system offers serve to enhance the competitive position of the cluster partners.
THE ROLE OF SMART SPECIALISATION 132 OECD 2013 Opportunities for cross-border and international ecosystem development Supporting the private and science sector of the capital region in the enhancement of their international
where the close cooperation of academic institutions and enterprises gives the opportunity for sustainable growth. It seems to be useful for the development of the region to put special emphasizes on smaller but more numerous niche markets (e g. diagnostics or telemedicine) within the clusters.
Opportunities for cross-border and international ecosystem development The main drivers of cross-border and international ecosystem development include:
what was once a national top-down strategy is now revealing structural bottlenecks as local stakeholders seek new technological opportunities.
as well as being flexible and open to new opportunities. In a considerable number of case studies public investments for R&d are still spread across a wide number of priority areas.
challenges and opportunities. What is specific for smart specialisation is an emphasis on entrepreneurship policies,
Without metrics, indicators and regular data collections, smart specialisation strategic opportunities will not be discernible and policy makers will be unable to track progress,
more advanced analyses of publication and patent data can point to opportunities in technology development.
which can point to interesting opportunities for technology development and to gaps in the regional or national scientific profile.
and European Social Fund) is used often as an opportunity to carry out SWOT assessments. Independent expert assessments are frequent too,
Capitalising not only on the strength of existing assets but also on the future opportunities. This is probably the most difficult challenge,
Actually, the responses to the enquiry suggest that the approach followed puts much more weight on reinforcing existing strengths than on directing efforts towards future opportunities through instilling more radical trajectory changes.
identifying existing strengths and opportunities for future development efforts, spotting remaining gaps and bottlenecks in the regional innovation system, mobilising the relevant institutions and actors to be involved in the RIS3 development process,
and global market opportunities do you conceive as very promising for your regional economy in the upcoming decade?
What are the main opportunities/emerging sectors? How can the regional enterprise sector and the science/knowledge & creative sector be mobilised to respond jointly to these challenges and opportunities?
What are the main challenges your region is facing with respect to RTDI performance (i e . what are the major bottlenecks for a better overall innovation performance)?
Use identified strengths, weaknesses, opportunities, and threats for the development of a shared vision. INNOVATION-DRIVEN GROWTH IN REGIONS:
and to encourage regions to reflect the future opportunities instead of their existing economic structure. Some regions like North Savonia use almost 95%of their EU Structural funds in line with those synchronized lead market themes. 45
A strategic planning method used for evaluating projects on the basis of their Strengths, Weaknesses, Opportunities and Threats.
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