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Innovation_Challenges_for_SMEs Regional Assembly.pdf

Innovation Challenges for SME's Cllr. John Ryan CHAIRPERSON ENTERPRISE AND PRODUCTIVE INVESTMENT SUBCOMMITTEE FACT Over 90%of all businesses in Ireland are in the SME sector FACT Last Year of the total Business Expenditure on research and development 72.4%was carried out by foreign owned firms and only 27.6%by SME's. Forfas BERD 2007/08) FACT If The irish SME sector is engaged not in Innovation The Indigeous Irish Business sector is engaged not in Innovation Agenda Barriers and Challenges Faced by the SME sector Learning from the Leaders Key Recommendations Barriers to Innovation for SME's Lack of willingness to invest in upskilling and human resource development Lack of strategic thinking Absence of management capability Third level institutions not seen as‘SME-friendly'Costs Enterprise Ireland Time Knowledge of Available Resources Availability of Finance Lack of Broadband Penetration in the Regions Overcoming Access and Cost Barriers Knowledge base Innovation Road show (Push) Overcoming Access and Cost Barriers Knowledge base Innovation Road show (Push) Better Interactions between the SME's and Higher education institutions (User Friendly) Reduce the Local authority cost burden from SME The Global Innovation Scoreboard (GIS) The Global Innovation Leaders -Finland, Sweden, Switzerland, Japan, the US, Singapore and Israel Next Best Performers Germany, Denmark, Netherlands, Canada, UK, Republic of korea, France, Iceland, Norway, Belgium, Australia, Austria, Ireland, Luxembourg, New zealand The Follower Countries Hong kong, Russia, Slovenia, Italy, Spain, Czech republic, Croatia, Estonia, Hungary, Malta Lagging Countries: Lithuania, Greece, China, Slovakia, South africa, Portugal, Bulgaria, Turkey, Brazil, Latvia, Mexico, Poland, Argentina, India, Cyprus, Romania Learning from the Leaders Germany: The Steinbeis Network Sweden: Vinnväxt Spain: Asturias and Cantabria Collaboration between industry and the academic community will not just happen but it needs to be facilitated and encouraged. Policy Paper Recommendations Coherent strategy to stimulate innovation at a regional level as a matter of priority. Promote channels of access to the full range of R&d and Innovation opportunities Review the issue of local authority rates and charges Knowledge bases and Innovation Roadshow be established Policy Paper Recommendations Examine ways to make 3rd Level Sector more SME friendly Freedom for SMES to use Innovation Vouchers as they deem fit not just in HEIS. Commercial vehicle to drive Innovation Further Investigation of Clustering Part-time Innovation drivers Development of more Innovation Centres Thank you for your Time

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