This programme should encourage more Europeans to take measured risks and reap the benefits of new higherexpectation businesses.
Joint Pathfinding occurs where research laboratories and business groups share resources, risks, and decisions jointly.
'When speaking at the opening of a newly expanded innovation facility in May of 2013, Obama added,‘We are seeing the pooling of research, of risk,
To make this work earlier in the innovation process the Commission is covering the risk in selected areas by precommercial procurement tools.
These procurements taking some risk can be very transformative by nature when looking at future services of public interest becoming more user-centric.
If this co-creativity and prototyping in real world settings would not take place there would be a real risk that the development work would lead to a win-lose setting between the existing players in the market,
the reduction of technology and business risks, as well as decreasing investment needs for SME, micro-organisations and start-ups,
) The main goal of the use-case is to create a service that identifies risk situations along an intra-logistics process chain
and completeness of the UX model avoided the risk of overlooking some UX types, elements and properties,
that risk taking is a key step towards innovation; that building networks is instrumental, such as converting a blacksmith and pharmacist to supply chain providers;
then taking the risk of free floating information is worthwhile since there is always competition and somebody may pick up an idea before it is protected formally.
Ownership, accountability and personal risk taking are positioned at the centre of the innovation process (10.
and took risks. They created business ventures but also democratic civil society institutions. This entrepreneurial talent should be integrated within the most advanced KICS to bring fresh blood, a different sort of thinking and a‘hungry'immigrant mentality that remains the critical driver of Silicon valley's success (13.
and imagination to take calculated risks, fail, learn from the mistakes and resiliently continue on the chosen path. 70 O P E N I N N O V A t
Probably we need to think more in terms of risk and rewards sharing than in conditions for access.
and various levels or risk bearing abilities. Typically in the ecosystems the parties are in different stages of development and maturity
albeit intangible, can provide valuable insights for searching a national benchmark as well as for future risk control.
and has the power to impose sanctions (3). Pension fund investments are ruled also by risk criteria
Government Creating policies to avoid penalising the failure of entrepreneurship and foster taking risks. It is known only a small percentage of all startups will succeed.
and encourage him to take risks. Easy funding and tax breaks policies, among other activities to help start companies are very welcome.
and risks of the initiative. Some have argued that most of the poor get deprived of what they need because of corruption and not lack of identity.
discussing benefits, costs, and risks; and fostering active discussions and experience sharing and consensus building among stakeholders,
but it also raises the security risk of large withdrawals, notwithstanding privacy concerns. This is an instance where open ideation of the design challenge can generate new potential solutions.
however, comes with the risk of ignoring the diversity of the community itself, as well as opportunities to leverage ideas and solutions from communities outside the local.
that will mitigate the risks of failure and increase the chances of technological and business success and thus ensure a sustainable longer-term innovation ecosystem.
risk finance. Stage 3: Adopt & Promote projects, products, start-ups will continue to receive post-incubation support on the technology,
Open Incubation for Success EYIF Openeyif's approach of providing full incubation for the awarded grantees mitigates the risk of their potential failure and the subsequent loss of risk capital.
This approach is unique in comparison to other Open Innovation mechanisms in that it proactively mitigates risks instead of reactively managing risk of failure post-facto,
thereby inspiring young Europeans to take the risk to innovate, and inducing policy-makers and business leaders to share the risk by actively supporting youth innovation The network of business incubators across Europe will provide the grantees their choice of geographic location and specialisation.
The programme offered by the incubators will consist of several topics like Needs Filtering and Business plans, Brainstorming and Prototyping, Business models and Finance, Concept Development & Implementation,
whether there is a risk for escalating behaviour. In the living lab a‘base camp'has been opened recently where data from various sources is collected
and combined to determine the real time level of the risk of escalation. Openremote provides an open platform that integrates different devices
when there is a higher risk for escalation. Historical data from past incidents is used now to find such correlations.
Based on the determined risk level, lighting scenarios are activated. For this purpose different lighting scenarios will be designed that aim to diffuse the escalation
ultimately mitigating the risk associated with a new product because the mass of customers already exist.
Why‘Low Risk'Innovation Is Costly Overcoming the Perils of Renovation and Invention, Accenture 2013 (3) Abernathy WJ. 1978.
These kinds of situations require flexibility and imagination and the knowledge of legal risk-zones.
New Types of Risks In a fast-moving, very innovative business landscape, the risks involved maybe of a different kind compared to the more traditional and familiar ways of running businesses.
illustrates a new kind of technology related-risk the risk of not seeing the value of participating in the processes of developing new tech-related businesses.
A senior business executive once expressed to me, that even though a planned cooperation between two companies involved many risks,
These types of risks the risks of keeping out are usually outside the legal equation
Businesses are increasingly operating in hive-minds of strategic alliances and partnerships to share risks,
stimulating risk-taking, a focus on achieving results and support from management. Based upon earlier research.
of risk and the potential for breakthrough in manufacturing technology that only happen when we bring everyone together (2). In the core of the policy makers is to make the citizens happy in their ways of living,
) At the same time, innovation usually also bears risks and substantial challenges for SMES because of their structural disadvantages based on their liability of smallness (Chesbrough, 2010.
Carpenter and Petersen, 2002) and opportunities to spread risk among their small portfolios are limited often (van de Vrande et al.
increased willingness to take risks, and faster ability to react to changing environments. However, van de Vrande et al.
Due to their restricted abilities to spread risk, SMES cannot afford to experiment with open innovation activities (Parida et al.
Previous studies have found that the reduction of time-to-market and costs and risk,
A direct transfer of knowhow and certain skills between us and a direct competitor bears too much risk.
and risk avoidance. 3. 2. 1. Time. The majority of survey participants identified a lack of time as one of the main barriers to successful innovation.
often have difficulty analyzing project-related risks and the realization of future-related investments. These problems lead to a high level of insecurity and skepticism.
With their bureaucracy, the local policy and the state leave little or no scope for new ideas. 3. 2. 6. Risk avoidance.
which may increase the risk of innovation failure dramatically. According to existing literature also structural disadvantages (van de Vrande et al.
, sharing costs, sharing risks, faster product introduction, etc. to small firms in low-and medium-tech industries.
Facing the risk of bankruptcy, reinventing the barometer was the only way out. With the help of a few innovation partners and subsidies from IWT (the Agency for Innovation by Science and Technology in Flanders) the open innovation journey started.
Accell took the commercial risk to buy the B lite at a predetermined price if Curana and its partners succeeded in producing the product before a particular deadline.
and small innovation portfolios such that risks associated with innovation cannot be spread. SMES must rely on their innovation networks to find missing innovation resources.
It is about sharing risks, investing time and money together in new concepts. A company that engages in open innovation, therefore
Open innovation is not only about sharing costs and risks but also about sharing profits equitably. 71 6. Developing an open innovation network also requires that partners manage the balance between internal management of the company and external management of the network.
sharing costs, sharing risks, faster product introduction, etc. to small firms in low-and medium-tech industries does not make sense.
or risks they take. 3. Innovation networks need to be activated continuously. Inactivity is deadly for the network strength and partner commitment.
Furthermore, large firms that license technologies risk knowledge leaks with adverse competitive effects as a consequence.
In this way, the business unit can balance the risk of increased competition in the market with the royalty income it receives from licensing the technology.
because the venture needed considerable investments which were too big a risk for VCFS 80 in an early investment stage42.
because the risk of misappropriating the technology is very real. Philips'extensive evaluation of the technology did not pose a risk for the small engineering company,
however, because Philips'was reputed as a reliable innovation partner. Philips relies recurrently on new technologies from universities, specialized research labs,
Partners may have to bear considerable risks or investments in dedicated complementary assets. In open business models,
Building strong ties to cope with environmental and relational risks. The biggest challenge in an open innovation network is the market and technological risk on the one hand and the relational risk on the other hand.
Business model innovations are high-risk ventures because a firm must search for new technologies and develop new products.
Each entrepreneur we met took risks, sometimes considerable, and made investments. Imagining a new product is one thing,
/Technovation29 (2009) 423 437 426 enterprisesmayengageincollaborationtoacquiremissing knowledge, complementaryresourcesorfinance, tospread risks, toenlargeitssocialnetworks, ortoreducecosts (Hoffman andschlosser, 2001;
In addition, firms increasingly team up with competitors to share R&d costs and associated risks. Because of the fact that firms can get locked in innovation networks,
PCA reduces the risk that single indicators dominate a cluster solution, and helps to prevent the inclusion of irrelevant (non-discriminative) variables (Everitt, 1993;
in order to spread the risks and to compensate for a lack of current R&d capacity (13%).5. 5 Barriers to open innovation in SMES The barriers companies perceive
/Technovation29 (2009) 423 437 426 enterprisesmayengageincollaborationtoacquiremissing knowledge, complementaryresourcesorfinance, tospread risks, toenlargeitssocialnetworks, ortoreducecosts (Hoffman andschlosser, 2001;
, sharing costs, sharing risks, faster product introduction, etc. to small firms in low-and medium-tech industries.
Facing the risk of bankruptcy, reinventing the barometer was the only way out. With the help of a few innovation partners and subsidies from IWT (the Agency for Innovation by Science and Technology in Flanders) the open innovation journey started.
Accell took the commercial risk to buy the B lite at a predetermined price if Curana and its partners succeeded in producing the product before a particular deadline.
and small innovation portfolios such that risks associated with innovation cannot be spread. SMES must rely on their innovation networks to find missing innovation resources.
It is about sharing risks, investing time and money together in new concepts. A company that engages in open innovation, therefore
Open innovation is not only about sharing costs and risks but also about sharing profits equitably. 71 6. Developing an open innovation network also requires that partners manage the balance between internal management of the company and external management of the network.
sharing costs, sharing risks, faster product introduction, etc. to small firms in low-and medium-tech industries does not make sense.
or risks they take. 3. Innovation networks need to be activated continuously. Inactivity is deadly for the network strength and partner commitment.
Furthermore, large firms that license technologies risk knowledge leaks with adverse competitive effects as a consequence.
In this way, the business unit can balance the risk of increased competition in the market with the royalty income it receives from licensing the technology.
because the venture needed considerable investments which were too big a risk for VCFS 80 in an early investment stage42.
because the risk of misappropriating the technology is very real. Philips'extensive evaluation of the technology did not pose a risk for the small engineering company,
however, because Philips'was reputed as a reliable innovation partner. Philips relies recurrently on new technologies from universities, specialized research labs,
Partners may have to bear considerable risks or investments in dedicated complementary assets. In open business models,
Building strong ties to cope with environmental and relational risks. The biggest challenge in an open innovation network is the market and technological risk on the one hand and the relational risk on the other hand.
Business model innovations are high-risk ventures because a firm must search for new technologies and develop new products.
Each entrepreneur we met took risks, sometimes considerable, and made investments. Imagining a new product is one thing,
as well as opportunities and risks of sectoral policy approaches are dealt special issues with here. The Policy Brief will prioritise specificity over broadness.
Otherwise such policies run the risk of wasting scarce resources which is generally undesirable but particularly undesirable in a situation of economic distress
The WEF study also concluded that many prior discussions in this area overemphasize the risk dimension,
and who find it more difficult to access external finance because of their risk profile, will be particularly hard hit by malfunctioning financial markets. 31 Access to finance may also be hampered by unfavourable regulations related to investment and company shares:
the risk of failure may be an important impediment to start and grow companies: It is important to allow entrepreneurs to fail.
and high profitability and have decreased a risk of ending up performing poorly on both performance dimensions.
Government Business Financing Schemes and Special Risk-Sharing Initiatives. Get-Up Programme with A*STAR The GET-Up programme, short for Growing Enterprises through Technology Upgrade,
and become more risk averse. With the relatively poor ten year returns for VC funds and the availability of other more attractive retail alternatives (such as income trusts), investment by individuals in VC funds in Canada has dried all but up.
and provide some risk reduction for the investor. As in Europe, VC financing is concentrated heavily on ICT as well as biotech and life sciences.
as it enabled entrepreneurs who had no real experience in business to realise their ideas without taking very high personal risks."
Specific items include e g. management change, lack of skilled workers, too low distribution of risk, lack of experience with export markets.
there is an increased risk of government failure. For example, the evidence from the German CIS sample confirms this risk of government failure.
In fact, subsidised YICS do worse than non-subsidised YICS in terms of new/improved products. 172 Brännbak/Carsrud argue that because of perceptual differences between entrepreneurs and policy makers,
and used risk-reward criteria for approvals and if they can squeeze the entire process from application to approval to within one month,
as well as opportunities and risks of sectoral policy approaches are dealt special issues with here. The Policy Brief will prioritise specificity over broadness.
Otherwise such policies run the risk of wasting scarce resources which is generally undesirable but particularly undesirable in a situation of economic distress
The WEF study also concluded that many prior discussions in this area overemphasize the risk dimension,
and who find it more difficult to access external finance because of their risk profile, will be particularly hard hit by malfunctioning financial markets. 31 Access to finance may also be hampered by unfavourable regulations related to investment and company shares:
the risk of failure may be an important impediment to start and grow companies: It is important to allow entrepreneurs to fail.
and high profitability and have decreased a risk of ending up performing poorly on both performance dimensions.
Government Business Financing Schemes and Special Risk-Sharing Initiatives. Get-Up Programme with A*STAR The GET-Up programme, short for Growing Enterprises through Technology Upgrade,
and become more risk averse. With the relatively poor ten year returns for VC funds and the availability of other more attractive retail alternatives (such as income trusts), investment by individuals in VC funds in Canada has dried all but up.
and provide some risk reduction for the investor. As in Europe, VC financing is concentrated heavily on ICT as well as biotech and life sciences.
as it enabled entrepreneurs who had no real experience in business to realise their ideas without taking very high personal risks."
Specific items include e g. management change, lack of skilled workers, too low distribution of risk, lack of experience with export markets.
there is an increased risk of government failure. For example, the evidence from the German CIS sample confirms this risk of government failure.
In fact, subsidised YICS do worse than non-subsidised YICS in terms of new/improved products. 172 Brännbak/Carsrud argue that because of perceptual differences between entrepreneurs and policy makers,
and used risk-reward criteria for approvals and if they can squeeze the entire process from application to approval to within one month,
projects,'which'may'limit'the'perception'of'risk.''''In'conclusion,'the'adoption'and'upscaling'of'ICTQDRIVEN'social'innovations'is'a'critical'challenge'for'the'present'and'future'European'society.'
however, pose a risk in the sense that it is much easier to replace such a relatively more subordinated partner with the stroke of a pen from the parent company headquarters.
however, pose a risk in the sense that it is much easier to replace such a relatively more subordinated partner with the stroke of a pen from the parent company headquarters.
there is a risk that the cultural and economic benefits of the digital shift will materialise in other continents and not in Europe.
Flood Risk Assessment 125 Section 10: Implementation 130 APPENDICES 138 Regional Planning Guidelines for the Southeast Region 2010-2022 5 Glossary of Terms AA Appropriate Assessment (also known as Habitats Directive Assessment
) CEB City/County Enterprise Board CERT Training and Research body in the Tourism & Hospitality Sector CFRAMS Catchment Flood Risk Assessment and Management Studies CLÁR
and environmental policies and legislative requirements relating to strategic infrastructure, strategic environmental assessment, potential impacts on habitats, flood risk assessment etc.
and avoid increasing flood risk. As part of this approach Catchment Flood Risk Assessment and Managements Studies (CFRAM studies) are used to assess the spatial extent
and degree of flood hazard and risk of the rivers in the region and to develop a long term strategy for managing flood risk.
The Section emphasises the need for completion of CFRAM Studies in support of a strategic approach to flood risk management in the region.
Section 9 sets out how Development Plans should include Strategic Flood Risk Assessments and all future zoning of land for development in areas at risk of flooding should follow the sequential approach set out in the 2009 Guidelines on Planning and Flood Risk management (Doehlg).
The inclusion of policies and actions to support Sustainable Urban Drainage systems is recommended in future developments as a major component of flood management and prevention.
The importance of flood risk assessment for all existing Strategic Infrastructure and future projects is emphasised also in Section 9. Section 10 Section 10 sets out the mechanisms and structures for implementation
Strategic Flood Risk Assessment. The Guidelines put the overall planning system in the Southeast in context.
and more than 30 kms. of this coastline is designated as being at serious risk from erosion.
A Catchment Flood Risk Assessment and Management Study (CFRAMS) has been completed for the Suir by the OPW.
D10 Encouraging effective management of flood risk in the region in accordance with the Assessment and Management of Flood Risk Regulations, 2010, Guidelines on the Planning System and Flood Risk management, 2009
river valleys, angling, walking, cycling and other outdoor pursuits, quality golf courses and equestrian facilities and the 5 In accordance with the Assessment and Management of Flood Risk Regulations, 2010
considering all transport and infrastructure proposals, regard must be had to the requirements of the Habitats Directive including the carrying out of an assessment of the implications for any Natura 2000 site that might be at risk from the proposed development.
It identified several groups that it considered to be at an unacceptable incidence of social risk
>Address the requirements of groups with specific needs at high risk of poverty.>>Provide high-quality public services to all.>
Respect the changing physical nature of the coastline, for example, the risks of erosion and land instability and changes to the intertidal zone.
Take into account the risk of flooding and protect sea defences. Ensure the conservation and enhancement of the landscape and seascape;
with many of these species identified by the NPWS as having poor conservation status. Climate change impacts involving flood risk
Flood Risk Assessment Regional Planning Guidelines for the Southeast Region 2010-2022 Section 9: Flood Risk Assessment 1267 9. 1 Introduction Flooding is a natural process that can happen at any time in a wide variety of locations
and it plays a role in shaping the natural environment. Flooding from the sea and from rivers is known probably best,
it is agreed widely that climate change will result in higher risk of flooding of both inland and coastal locations.
therefore, that this issue is addressed within the Regional Planning Guidelines as decisions on the direction of future growth within the Southeast Region can impact on flood risk.
Those Guidelines recommend a clear and transparent assessment of flood risk at all stages in the planning process
and state that regional flood risk appraisal and management policy recommendations are necessary to set a policy framework for Development Plans and Local Area Plans at the local level.
Key guiding principles for Flood Risk Assessment are as follows: Avoid risk where possible. Substitute less vulnerable uses where avoidance is not possible.
Mitigate and manage the risk where avoidance and substitution are not possible. This chapter sets out the key policy recommendations regarding avoidance and management of flood risk within the Southeast Region with the objective of promoting:
1. The identification of appropriate policy responses for priority areas, including areas that transcend administrative boundaries
A Regional Flood Risk Appraisal is contained within the Environment Report prepared as part of the Strategic Environmental Assessment of the Regional Planning Guidelines. 9. 2 Development within Flood Risk Areas As a topographically diverse
and with a large coastline the Southeast Region contains a number of risk areas for flooding.
Within the context of planning for future growth the general areas known to have flood risk were overlaid on locations identified for growth and locations and towns already developed.
The general risk areas are based on the historical flood maps and existing reports and maps available from the OPW and the Geological Survey of Ireland.
effective management of flood risk coupled with wider environmental, sustainability and economic considerations mean that it is possible to facilitate the continued consolidation of the development of the existing urban structure of the region.
These guidelines outline measures through which both the flood risk and the continued development of the Waterford Gateway,
Within these towns, implementation of the 2009 planning guidelines on flood risk establishes the mechanism to reconcile development and flood risk issues.
Flood Risk Assessment 127 In the region, the pattern of fluvial risk follows for many areas the flow and catchments of existing rivers.
An integrated approach to catchment management is essential for the management of increasing flood risk.
Co-operation already exists in the River Suir Catchment Flood Risk Assessment and Management Study (CFRAMS) with South Tipperary,
to examine future pressures that could impact on flood risk and to develop a long-term strategy for managing flood risk that is economically, socially and environmentally sustainable.
or believed to be at risk from flooding in the future. The OPW is involved in preparing the catchmentbased flood risk management plans with the relevant local authorities,
and be in the lowest risk sites appropriate for the development, and should include adequate provision for adaptation to,
and deposition and some flooding through normal coastal processes and is also at risk in the future from increased storm activity
and increased storm activity. 9. 3 Role of Local authorities Local authorities must take account of the issues raised in the Regional Flood Risk Assessment
and undertake Strategic Flood Risk Assessment for future plans in line with the Department's Guidance on the Planning System and Flood Risk management.
Local authorities should ensure that they adhere to the principles of avoiding risks where possible in preparing future plans.
Flood Risk Assessment 1289 PPO 9. 1 It is an objective of the Regional Planning Guidelines that in the preparation
Identify and consider at the earliest stages in the planning process flood hazard and potential risk.
Review existing Development Plans and Local Area Plans to ensure that the issue of Flood Risk has been addressed in a manner consistent with the 2009 Planning and Flood Risk management Guidelines.
W here lands are zoned already for housing or other vulnerable development in the flood risk areas,
which ensure that flood risk areas targeted for development following the sequential approach are planned, designed and constructed to reduce
Include policies to ensure that flood risk and impact are considered as a key element in the assessment of future waste and mineral planning strategies and developments.
Include policies that ensure that the location of key infrastructures will be subject to Flood Risk Assessment.
Include policies for the inclusion of Sustainable Drainage systems (Suds) in future developments in accordance with the 2009 Department Guidelines on Planning and Flood Risk management. 9. 4 Infrastructure and Flood Risk In a flooding event
and can also place people in at-risk situations. For this reason, it is advised that key infrastructure suppliers should assess current elements and stress test future projects against flood risk,
where this has not been undertaken previously. The completion of CFRAMS for the region will assist these stakeholders in examining flood risk within their own specific areas of responsibility. 9. 5 Regional Flood Risk Policy The Regional Flood Risk Appraisal
is set out in Appendix 3 of the Strategic Environmental Assessment (SEA) Environmental Report in respect of the RPGS.
The recommendations of the Appraisal contain best practice advice relating to dealing with flood risk.
Planning Authorities should implement the following policies with regard to flood risk: PPO 9. 2 Flood risk should be managed pro-actively at all stages in the planning process by avoiding development in flood risk areas where possible
and by reducing the causes of flooding to and from existing and future development. PPO 9. 3 New development should be avoided in areas at risk from flooding.
Alongside this, the Regional Flood Risk Appraisal recognises the need for continuing investment and development within the urban centres of flood vulnerable designated growth towns and Waterford City and for this to take place in tandem with the completion of CFRAM studies and investment in sustainable and comprehensive flood protection and management.
PPO 9. 4 Development Plans and Local Area Plans should include a Strategic Flood Risk Assessment
and all future zoning of land for development in areas at risk of flooding should follow the sequential approach set out in the 2009 Department Guidelines on Planning and Flood Risk management.
PPO 9. 5 Local authorities should take the opportunities presented when including policies and actions in Development Plans/LAPS (such as flood plain protection and Suds) to optimise improvements in biodiversity and amenity for existing and future developments.
PPO 9. 6 Key infrastructure suppliers should assess current elements and stress test future projects against flood risk,
Flood Risk Assessment 9. 6 Delivery Actions, Indicators and Monitoring Actions to deliver the Regional Planning Guidelines with respect to flood risk assessment are listed below.
In assessing the delivery of the Regional Strategic Flood Risk Assessment for the Southeast Region the following indicators will be used:
PPO 9. 7 Local authorities should pursue the following actions/indicators required for Regional Flood Risk Appraisal in their area:
and avoid increasing flood risk. Local authorities should fully support the completion of CFRAM studies and jointly implement any actions identified.
Development Plans shall include Strategic Flood Risk Assessments and all future zoning of land for development in areas at risk of flooding should follow the sequential approach set out in the 2009 Department Guidelines on Planning and Flood Risk management.
Development Plans should include policies on the requirement for Sustainable Drainage systems (Suds) in future developments as a major component of flood management and prevention. 129 Regional Planning Guidelines for the Southeast Region
Overtext Web Module V3.0 Alpha
Copyright Semantic-Knowledge, 1994-2011