78 6 Findings about company (non-)growth from the IW Future Panel...81 6. 1 Methodological explanations...
Questions about (non-)growth in IW Future Panel...106 Annex 3: Worldwide policy initiatives for high-growth SMES...
Section 5. 5.)Findings from the IW Future Panel According to the IW Future Panel, a survey of several thousand German enterprises,
IW Future Panel) in early 2011. This panel includes several thousand German companies that replied to a written questionnaire providing information about their business activity and impacts of current economic developments.
The 2011 survey deals with innovation issues and is suited thus very well for questions about innovation-related high growth.
and policies to support coaching deserve special attention. 84 Findings from the IW Future Panel do
Furthermore, findings from the IW Future Panel (see Section 6. 2) indicate that difficult access to finance is not a primary reason for non-growth of companies at least in Germany.
Policies for high-growth innovative SMES v1. 6 45 Brief. 124 Finally, findings from the IW Future Panel (see Section 6. 2 of this Policy Brief) support the importance
Gazelles are defined as high growth firms which within a five-year period double in size to a minimum of 20 employees or to 10 million Canadian dollars (CAD) in sales or both.
The VC market in Canada collapsed from a peak of 5. 9 billion CAD placed in 2000 to just over 1 billion CAD in each of the past three years. 151 Many technology-based
In Canada total bio investments increased from 210 million CAD in 2009 to 300 million in 2010.154 Description of Canadian capital Financing Market Business Angels Angel financing is dispersed widely across most regions
According to the Canadian Angel Investment Network their members are currently investing over CAD 3 billion in Canadian businesses each year. 155 Venture capital:
VC investments by the VC community in Canada have decreased from a peak of CAD 5. 9 billion dollars in 2000 to just over CAD one billion dollars for each of the past three years (2008-2010.
Indeed for placements of over CAD 5 million dollars over 75%of the funds come from foreign sources.
the total foreign sources have dropped from 41%in 2007 to 26%in 2008 with CAD 549 million dollars to only 22%of the 151 CVCA (2009)
Policies for high-growth innovative SMES v1. 6 70 CAD 334 million dollars in 2nd quarter 2009.
However, a study by Cooper of 2, 240 firms which had received venture capital (CAD 18 billion dollars) between 1995 and 2005 showed much higher levels of gazelles creation at 12%in the 1, 500 technology based firms,
%For firms (193) known to have received VC funding CAD 1. 6 billion dollars including the 156 Source:
The companies that received Magneton support come from different high tech fields, such as communication, biotech, software, new materials.
www. it. themarker. com. Policies for high-growth innovative SMES v1. 6 81 6 Findings about company (non-)growth from the IW Future Panel 6
. 1 Methodological explanations About the IW Future Panel A specific set of questions about reasons for growth and non-growth of SMES, commissioned by the INNOGRIPS, was included in the 16th wave of the IW-Zukunftspanel (IW
Future Panel) of IW Consult, the consulting branch of the Institut der deutschen Wirtschaft (IW, Institute for the German Economy).
164 The IW Future Panel is a survey of German enterprises which was established in 2005 with the objective of identifying trends and challenges of structural changes of the economy.
Companies in the IW Future Panel are more innovative and more export-oriented than the average of German companies.
Breakdowns In all surveys of the IW Future Panel the enterprises are asked about their growth by employment and turnover;
Reasons for high growth of companies in the IW Future Panel 31 49 71 0 19 27 43 25 51 31 20 1720 32
Reasons for non-growth of companies in the IW Future Panel 39 10 40 15 21 11 35 26 20 6 24 45 30
Reasons for growth of young high-growth enterprises (gazelles) in the IW Future Panel 23 55 82 0 32 27 42 24 55 27
Questions about (non-)growth in IW Future Panel The following questions were included in the IW Zukunftspanel (IW Future Panel) in spring 2011.194 Note:
and financial support to French SMES. http://www. oseo. fr/os eo/oseo in english2**Ireland High Potential Start-up (HPSU) Funding by Enter-The HPSU offers a range of supports for start-up
78 6 Findings about company (non-)growth from the IW Future Panel...81 6. 1 Methodological explanations...
Questions about (non-)growth in IW Future Panel...106 Annex 3: Worldwide policy initiatives for high-growth SMES...
Section 5. 5.)Findings from the IW Future Panel According to the IW Future Panel, a survey of several thousand German enterprises,
IW Future Panel) in early 2011. This panel includes several thousand German companies that replied to a written questionnaire providing information about their business activity and impacts of current economic developments.
The 2011 survey deals with innovation issues and is suited thus very well for questions about innovation-related high growth.
and policies to support coaching deserve special attention. 84 Findings from the IW Future Panel do
Furthermore, findings from the IW Future Panel (see Section 6. 2) indicate that difficult access to finance is not a primary reason for non-growth of companies at least in Germany.
Policies for high-growth innovative SMES v1. 6 45 Brief. 124 Finally, findings from the IW Future Panel (see Section 6. 2 of this Policy Brief) support the importance
Gazelles are defined as high growth firms which within a five-year period double in size to a minimum of 20 employees or to 10 million Canadian dollars (CAD) in sales or both.
The VC market in Canada collapsed from a peak of 5. 9 billion CAD placed in 2000 to just over 1 billion CAD in each of the past three years. 151 Many technology-based
In Canada total bio investments increased from 210 million CAD in 2009 to 300 million in 2010.154 Description of Canadian capital Financing Market Business Angels Angel financing is dispersed widely across most regions
According to the Canadian Angel Investment Network their members are currently investing over CAD 3 billion in Canadian businesses each year. 155 Venture capital:
VC investments by the VC community in Canada have decreased from a peak of CAD 5. 9 billion dollars in 2000 to just over CAD one billion dollars for each of the past three years (2008-2010.
Indeed for placements of over CAD 5 million dollars over 75%of the funds come from foreign sources.
the total foreign sources have dropped from 41%in 2007 to 26%in 2008 with CAD 549 million dollars to only 22%of the 151 CVCA (2009)
Policies for high-growth innovative SMES v1. 6 70 CAD 334 million dollars in 2nd quarter 2009.
However, a study by Cooper of 2, 240 firms which had received venture capital (CAD 18 billion dollars) between 1995 and 2005 showed much higher levels of gazelles creation at 12%in the 1, 500 technology based firms,
%For firms (193) known to have received VC funding CAD 1. 6 billion dollars including the 156 Source:
The companies that received Magneton support come from different high tech fields, such as communication, biotech, software, new materials.
www. it. themarker. com. Policies for high-growth innovative SMES v1. 6 81 6 Findings about company (non-)growth from the IW Future Panel 6
. 1 Methodological explanations About the IW Future Panel A specific set of questions about reasons for growth and non-growth of SMES, commissioned by the INNOGRIPS, was included in the 16th wave of the IW-Zukunftspanel (IW
Future Panel) of IW Consult, the consulting branch of the Institut der deutschen Wirtschaft (IW, Institute for the German Economy).
164 The IW Future Panel is a survey of German enterprises which was established in 2005 with the objective of identifying trends and challenges of structural changes of the economy.
Companies in the IW Future Panel are more innovative and more export-oriented than the average of German companies.
Breakdowns In all surveys of the IW Future Panel the enterprises are asked about their growth by employment and turnover;
Reasons for high growth of companies in the IW Future Panel 31 49 71 0 19 27 43 25 51 31 20 1720 32
Reasons for non-growth of companies in the IW Future Panel 39 10 40 15 21 11 35 26 20 6 24 45 30
Reasons for growth of young high-growth enterprises (gazelles) in the IW Future Panel 23 55 82 0 32 27 42 24 55 27
Questions about (non-)growth in IW Future Panel The following questions were included in the IW Zukunftspanel (IW Future Panel) in spring 2011.194 Note:
and financial support to French SMES. http://www. oseo. fr/os eo/oseo in english2**Ireland High Potential Start-up (HPSU) Funding by Enter-The HPSU offers a range of supports for start-up
or generated by a wide range of devices or software. H2020 Reflective 7 b 10 19 ICT 22 R&i action (a) H2020-Reflective 7 Budget:
ideas and challenges during the panel discussionbest Practice Sharing at this Workshopimage from Library of Congress This project is funded partially under the ICT Policy Support Programme (ICT PSP) as part of the Competitiveness
zzmap-based search engine of RDI organisations and businesses zzfinding project partners and mapping project opportunities Kaleidoszkóp is operated by the National Innovation Office RDI Observatory Department.
when the hardware and software used to store them becomes obsolete, material may be lost when storage devices deteriorate over time,
Development of first class office space that will serve as a centre for the development of the software and internationally traded services in the region Enterprise Ireland;
In the context of sectoral convergence, core skills become transferable across sectors, for example, biology, chemistry, engineering, electronics, logistics and software;
and more recently, software development have provided a strong base to build strong enterprises (both indigenous and foreign in origin) within the region, particularly in Medical Technologies, Food Processing, Pharmaceuticals and International & Financial services.
Recommendations by a Business Panel on future EU innovation policy Supported by an online debate at http://blogs. ec. europa. eu/innovationunlimited/We propose to base EU action around compelling social challenges
and new types of partnerships REINVENT EUROPE THROUGH INNOVATION FROM A KNOWLEDGE SOCIETY TO AN INNOVATION SOCIETY 2 The Business Panel on future EU innovation policy was established by DG Enterprise
The members of the Panel are: Diogo Vasconcelos (Chair), Distinguished Fellow, Cisco systems International Dr Anne Stenros, Design Director (Vice president, Design), KONE Corporation Gianfranco Corini, President, NEXT
Bank (member of KBC Group) The panel was supported by a rapporteur: Professor Maureen Mckelvey, Professor of Industrial Management, School of business, Economics and Law, University of Gothenburg.
The panel would like to thank all those who participated in the online consultation from July to August 2009
and eff ort in discussing ideas with the panel and reviewing the document, in particular: Carlos Costa, Jacques Darcy, Jean-Michel Deligny, Tom Fleming, Maruja Gutierrez Diaz, Mats Gunnarsson, Agnes Hubert, Richard Hudson, John Kao
Finally the panel would thank the support, encouragement and independence provided by Francoise Le Bail, Jean-Nöel Durvy, Peter Dröll, Sandra Kramer and Keith Sequeira at DG Enterprise and Industry.
The ideas presented in this report are those of the panel and do not refl ect the offi cial position of the European commission Directorate General for Enterprise and Industry.
The ideas in this report were created co through a series of meetings by the panel and involved external thought leaders,
Executive director and Cofounder, The Lisbon Council The Business Panel's recommendations speak to all European citizens, not just to policy makers or entrepreneurs.
Here the Business Panel is providing exactly the kind of fresh and strategic thinking which Europe needs
as a network of European third sector leaders, welcome the recommendations of the Business Panel on the future EU innovation policy.
Filippo Addari, Executive director of Euclid Network The report by the Business Panel on future EU innovation policy outlines in clear and certain terms the social innovation imperative.
from closed processes to the power of networks 3) The future starts at the end of this sentence About the panel Appendix:
Throughout the Panels'discussions we have returned and been inspired by the image of a sea star. This started with the book by Brafman
and creativity Cope with the future societal challenges Invest strategically in the future Implement Community level actions Leverage the power of networks and social innovation The Ideas of the Panel New Types of Collaboration New Financing
Modelsfuture Infrastructures Speed and Synchronization Broad Concept of Innovation The Value Proposition of the Panel's ideas PARTNERSHIP TRANSPARENCY ACCESS OPENNESS PEOPLE The Challenges for EU Innovation Policy
Future Technologies (Possibilities and Risks) Social Exclusion (Future of Young) Climate Change (Sustainability) Changing Demographics (Ageing Population) Sustainable Cities (Urbanisation) The Impacts of the Panel
Open source ways of working and IT solutions are part of the answer. We propose: Ambitious European initiatives with synchronised actions around the major challenges, engaging actors across the innovation chain, coordinating supply and demand of innovations,
and together to create the future we want. uture sen 29 About the panel The Business Panel on Innovation was established by DG Enterprise
supported, and stimulated us as an independent panel. They wanted a fresh look at innovation, bringing in competencies and people from outside the‘usual'Brussels circles.
as this has lead to a most unusual experience for us All the Panel has functioned well
Professor Maureen Mckelvey, Professor of Industrial Management, School of business, Economics and Law, University of Gothenburg. 30 Mandate of the panel Context:
The panel will be supported by a rapporteur who will be selected by DG Enterprise and Industry. Timeline, operation and reimbursements:
or two meetings as hearings where a wider range of stakeholders can present views to the panel.
Information obtained through participation in the panel will be confi dential. DG Enterprise and Industry will be responsible for publishing the report of the panel.
Members will not be reimbursed other than for travel and subsistence expenses. 31 In essence the Panel starts with a simple but powerful concept, namely that innovation,
technology and entrepreneurship will stimulate long-term growth and thereby change our economy and society. The Panel has worked with the notion that innovation will create a new future,
as also refl ected by the fact that we choose John Kao's defi nition that innovation is about capabilities for creating the future.
It places the concepts and ideas developed by the Panel for Innovation, in relation to some literature and debates on innovation and innovation policies. 32 The main points from this quote are
The recommendations of the Panel are focused very much upon how public policy can stimulate the relationships between industry
10 The discussion in the Panel covered a similar broad range of policies and stressed the need for creative thinking about public policy.
The precise roles of policies and governance at European, national, regional and local levels in order to realize the recommendations was not part of the Panel's mandate
The Business Panel on Innovation often discusses radical innovations, and these can be contrasted with incremental innovations.
The Panel has stressed primarily that public policy needs to focus more on innovation, in that it off er key opportunities to solve grand societal challenges.
The Panel has used the notion that public policy can help change the fi nal results
It is clear from the Panel's ideas that radically new thinking is needed to think about the types of competencies, access to ideas,
The Lisbon Council The Business Panel's recommendations speak to all European citizens, not just to policy makers or entrepreneurs In summary,
Tom Fleming, Consultant on creativity and economic development This report and the work of the panel were supported by DG Enterprise and Industry as part of the preparations for a new European innovation policy.
KSH Machinery, instrument and software investment Statistics distinguishes three types within the R&d investments: machine and instrument investments, software investments and building investments. 13,9%15,5%17,5%11,4%11,4%11,7%11,4%11,3%15,6%0%2%4%6
%8%10%12%14%16%18%20%0 10 20 30 40 50 60 2004 2005 2006 2007 2008 2009
The share of software investments fluctuated around 3-8%of the total amount. 61-75%was used for machines
CCDC CSD Cambridge Crystallographic Data centre (CCDC) provides high-quality information, software and services in the fields of chemistry and crystallography.
or even statistically analysed by various softwares (including the program package developed and continuously updated by Cambridge Crystallographic Data centre (CCDC)).
and manufacturing, including software development, medical devices, food, clean 4 Making It Happen Growing Enterprise for Ireland, Forfás/DJEI, 2010 5 technologies, tourism, construction etc.
Creative and Cultural Enterprise ICT including next generation internet and computing, information security, software, gaming, social networking, digital media, digital content, e-learning;
The employment outlook for the sector depends critically on addressing domestic competitiveness factors and a favourable international trading environment.
A strategic subset of these was chosen based on guidance from both the European commission's High Level Panel on Measurement of Indicators (HLPMI.
and manufacturing, including software development, medical devices, food, clean 4 Making It Happen Growing Enterprise for Ireland, Forfás/DJEI, 2010 5 technologies, tourism, construction etc.
Creative and Cultural Enterprise ICT including next generation internet and computing, information security, software, gaming, social networking, digital media, digital content, e-learning;
The employment outlook for the sector depends critically on addressing domestic competitiveness factors and a favourable international trading environment.
A strategic subset of these was chosen based on guidance from both the European commission's High Level Panel on Measurement of Indicators (HLPMI.
the best known being expert panels and multi-round Delphi surveys. They differ in their expected benefits, conditions of use, time requirement,
mind mapping) X XX X X X X X Expert panels XX X X X X X Delphi survey X X X
of which is depicted by a different cell in the three-dimensional box of regions. results/outcome indicators classification scheme on the use of results/outcome indicators within a reformed Cohesion Policy adopted by the international panel of experts
and clusters Venture and seed capital Guarantee schemes for financing for innovation Experimental instruments Cross-border research centres Open source-Open science Markets for knowledge Regional industrial policy;
ICT-based e-Infrastructures (networks, computing resources, software and data repositories) for research and education; and any other entity of a unique nature essential to achieving or enabling excellence in research.
new or improved services (e g. healthcare at home), organisational innovation, system innovation (e g. new patterns of co-operation and interaction) and conceptual innovation (e g. a change in the outlook of actors.
Vertical Priority 4-IT&C sector In the IT&C field 2147 companies were operating in 2011 (software, telecommunications, hardware),
irrespectively on the 2nd place for telecommunication subsector, being evident a concentration of these activities in the area of producing personalized softwares, especially in municipalities of Iasi, Suceava, Botosani and Piatra 5 Neamt.
telecommunications and software, computer programming, mecatronics, security, e-health, ITC for transport, new media, irrespectively networks of the future, internet services, software and visualization, media network and 3d
, medical education, analises for sets of medical data, telemedicine, nano-electronics, opto-electronics, industrial software, Big data, GPS, ERP data systems, cloud computing, intelligent wireless
networks, cybernetic security, safe software systems, mobile applications design, etc. Horizontal priorities The Northeast regional Smart Specialization Strategy is designed to operate at 4 levels:
which incorporates elements related to nano-technologies, software, special fibres and yarns. 11 Horizontal priority 4: Technical assistance Measure 4. 1:
IT&C Telecommunication and Software/Computer programming, Mechatronics, New Media, Application Development Automotive Industry and Other Transport Equipment Materials, Components and Fabrication, Ship Building, Aerospace
Life science, Health Scientific domain Specialisation area IT&C Networks of the future, internet and services, software and visualization, networked media and 3d internet, flexible organic and large area
Shortlisting of 13 fields by large panel after consultations with key actors; Panel work (13 panels) to flesh out the shortlisted fields elaboration of 6-8 R&i program fiches per field according to smart specialization-specific criteria;
Large-scale online consultation of experts and stakeholders on the 90 R&i fiches quantitative evaluation, backed up by pro/con arguments;
sys. Health Energy Pharmaceuticals Environment Security Space Materials Biotechnologies Transport Socioeconomic 13 Panels 90 Micro-visions 29 domains+Exploratory Online
ICT Analysis, management and security of big data Future internet Software development technologies, instruments, and methods High performance computing and new computational models A3.
othrough comparative analyses of relative specialization in research and development sectors in Europe. oone of the key inputs in the work of panels fleshing out the shortlisted smart specialization fields were analyses of global drivers of change
. oglobal relevance was among the explicit criteria for panels selecting and describing the most promising R&i programs. 17 ostrategy supports measures for international openness of Romanian research market.
or research institutes or universities) Global Value Chain analysis The panels working on candidate smart specialization fields followed a set of criteria in choosing the most promising R&i programs.
First online consultation Number of niches identified by respondents 13 panels elaborateed 90 microvisions/fiches Second online consultation 44,000+invited 4,
The design of the strategy involved a number of collaborative procedures, from work in relatively large and diverse panels to participative online consultations.
The proposals made in the panels working on the draft strategy (July 2013; The proposals advanced during the consultations with SMES on the RDI Strategy document, the implementation plan and the Competitiveness sectoral program (December 2013;
://www. poscce. research. ro/uploads/programare-2014-2020/jaspersrecommendations. pdf)- Maps of knowledge (http://www. cdi2020. ro/pachete-de-lucru/panel-prioritati
-lucru/panel-prioritati/)-Online questionnaire (http://www. cdi2020. ro/wp-content/uploads/2014/02/Raportul-chestionarului-identificare-expertilor-si-prioritatilor-candidate. pdf)- Refining
13 panels of 15-25 experts and stakeholders worked from this input as well as a large selection of data on the economic value added, on scientific collaborations and results, on societal needs,
The chief goal of the panels was to explore the most promising R&i programs in their field
this time even more extensive, assessing the panel proposals quantitatively and adducing arguments for and against.
In ICT-generally regarded as internationally competitive in software development, design and engineering-the main challenge is to expand the current set of activities and overall productive capacity.
Its agricultural richness and, more importantly, accessibility to the west, helped make this part of the region the most cosmopolitan in outlook and the most integrated with Europe.
or lower/equal to zero are dropped from the panel. Second, observations with tangible fixed assets to employee and value added to employee ratios greater (smaller) than three times the standard deviation from the upper (lower) quartile in the corresponding 2-digit sector
The majority of ICT firms interviewed as part of the World bank report Smart Specialization Case studies develop software exclusively for the headquarters of amother company or for a single foreign firm that outsources this task to the firm in the West Region.
and Manufacture of Non-Wovens and Articles Made From Non-Wovens, Except Apparel, new solutions for mechanical engineering, CAD or Computer-aided design, etc.
generally regarded as an internationally competitive player in the area of software development, the biggest challenge is to expand the current set of activities and overall productive capacity.
although to a lesser extent ICT (particularly software development, which is primarily a high-skill sector). Moreover, a number of companies complain that many of the training programs offered by human resource service providers
and potential investors. 45 For references on the IMPF projections for Romania GDP, please see International monetary fund, World Economic Outlook Database, April 2013. http://www. imf. org/external
and development of low cost software management systems of for small 166. The third investment priority under the current priority axis is to support SME growth and help companies increase innovation capacity.
which is regarded generally as an internationally competitive player in the areas of software development activities as well as design and engineering,
management and information systems 2. An ICT competitiveness pole Modern software applications and new ewest region products could be designed
Innovative software applications would greatly also enhance the competitiveness of the tourism sector. Note: an example of e-market for innovation 94 http://www. harvard. ch/36-0-30-0/3. A regional development fund focused on financing innovative projects
are considered increasingly to be a complex concept involving not only hardware and some local control software,
Introducing smart grids means that software--controlled new technologies are substituting hardwired top-down control mechanisms,
This is a huge growth opportunity for the corresponding industries offering hardware, software, data handling and communication.
Enel deployed smart meters (bidirectional communication, power measurement and management capabilities, software--controllable switch) to all its 30 million customers.
although their participation is already assured in the sectorial panels and de KET groups. The refered clusters in section 2,
In Asturias there are a total of 12 sectorial clusters that will have the opportunity to participate in the different panels depending on their specialization.
although their participation is already assured in the sectorial panels and de KET groups. b) Consider a possible Cluster policy differentiating between Clusters
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