Inside the Innovation Economy The Lisbon Agenda in times of financial crisis Interfacing Innovation Conference Brussels, April 19-22, 2009

Start: A story about ideas, creativity and innovation.

Assignment: Build a robot, able to get from Point A to Point B in a public park.

? (sensors, GPS, cameras, wheels,…)

Solution: Source: Tweenbots, com Kacie Kinzer (2009)

Source: Tweenbots, com Kacie Kinzer (2009)

Unexpected results „ Over the course of the following months, throughout numerous missions , the Tweenbots were successful in rolling from their start point to their far-away destination assisted only by strangers.“ „ Every time the robot got caught under a park bench...or became trapped in a pothole, some passerby would always rescue it and send it toward its goal.“ „ Never once was a Tweenbot lost or damaged.“ Source: Tweenbots.com

„ Over the course of the following months, throughout numerous missions , the Tweenbots were successful in rolling from their start point to their far-away destination assisted only by strangers.“

„ Every time the robot got caught under a park bench...or became trapped in a pothole, some passerby would always rescue it and send it toward its goal.“

„ Never once was a Tweenbot lost or damaged.“

Source: Tweenbots.com

Innovation in the EU: Effects of the financial crisis? Outlook to future?

“ The world’s most dynamic knowledge-based economy by 2010” 2020

Introduction Christopher Allen, EU Commission Juan Cajiao, AISEC Magnus Madfors, Ericsson Roland Strauss, Strauss Partners Philippe Vanrie, European BIC Network John Vassallo, Microsoft Mirko Lorenz, Deutsche Welle (Moderator)

Christopher Allen, EU Commission

Juan Cajiao, AISEC

Magnus Madfors, Ericsson

Roland Strauss, Strauss Partners

Philippe Vanrie, European BIC Network

John Vassallo, Microsoft

Mirko Lorenz, Deutsche Welle (Moderator)

Ecosystem Lisbon Agenda: Situation & Perpectives? EU INNOVATION Sectors Funding Regions Clusters SMEs/Gazelles Education Research Entrepreneurs Innovation Communication Building blocks

Lisbon Agenda 2000: Lisbon Agenda introduced 2005: Partly revised 2007: Some positive indicators 2009: Financial crisis hits markets 2020: Perspective for EU innovation? Lisbon Agenda: Effects of financial crisis?

2000: Lisbon Agenda introduced

2005: Partly revised

2007: Some positive indicators

2009: Financial crisis hits markets

2020: Perspective for EU innovation?

Education: What is the curriculum? Models that work? Research: More transfer, but how? More Collaboration? EU Patents? Motivations? Entrepreneurs: Why take the risk? Motivation? Perception by society? Education Research Entrepreneurs Source: Photocase.de

Education: What is the curriculum?

Models that work?

Research: More transfer, but how?

More Collaboration? EU Patents? Motivations?

Entrepreneurs: Why take the risk?

Motivation? Perception by society?

Innovative Regions Perspectives? Needed actions? Clusters/Innovation Centers Survival rates, growth, new concepts? SMEs/Gazelles Would Google be possible in Europe? Regions Clusters SMEs/Gazelles

Innovative Regions

Perspectives? Needed actions?

Clusters/Innovation Centers

Survival rates, growth, new concepts?

SMEs/Gazelles

Would Google be possible in Europe?

Future Innovation Ecosystem in Europe Building on EU strength, sustainable, social Sectors Key areas: Energy, Services, ICT, Food, Health, Auto & Aero Funding Sources? risk acceptance? “fail fast” models? Ecosystem Sectors Funding Source: Richard Sarson, http://www.richardsarson.com/sketch/sketch01.jpg

Future Innovation Ecosystem in Europe

Building on EU strength, sustainable, social

Sectors

Key areas: Energy, Services, ICT, Food, Health, Auto & Aero

Funding

Sources? risk acceptance? “fail fast” models?

Innovation Communication EU & Innovation: Drowning in papers Lack of a “sticky” story what EU innovation is How could we get a better overview? Innovation Communication Source: FFFound

Innovation Communication

EU & Innovation: Drowning in papers

Lack of a “sticky” story what EU innovation is

How could we get a better overview?

Q&A Innovation in the EU: What could be THE model?

Thank you.

Fact: How are we doing? European Innovation Scoreboard 2008 Source: http://www.proinno-europe.eu/EIS2008/website/docs/EIS_2008_Final_report.pdf

Fact: Job creation by few Just 9.8% of the world's entrepreneurs expect to create almost 75% of the job generated by new business ventures. High-expectation entrepreneurs who want to employ at least 20 people within five years. Source: GEM, 2005, global study

Just 9.8% of the world's entrepreneurs expect to create almost 75% of the job generated by new business ventures.

High-expectation entrepreneurs who want to employ at least 20 people within five years.

Source: GEM, 2005, global study

Fact: Idea economy is risky Less than 1% of ideas in companies are successful.

Fact: Investments risky, too More than 80% of money invested by venture capitalists goes into the adolescent phase of a company‘s live cycle. In this periods accelerated growth, the financials of both the eventual winners and losers look strikingly similiar. Source: Bob Zider, How Venture Capital works

Fact: Innovation Activity

Fact: VC returns Source: Price Waterhouse Coopers/3i, September 2003 Public markets returns vs. VC investment Source: DG EFA 2007, http ://trueeconomics.blogspot.com/2008/12/latest-government-economic-plan-is.html

Facts: Funding Source: EVCA Private Equity Activity Survey 2007 Europe

Facts: Private Equity funds Source: EVCA Private Equity Activity Survey 2007 Europe

Facts: Funding by country Source: EVCA Private Equity Activity Survey 2007 Europe