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Kiril Petkov Innovation Explorer 2019

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Innovation in Existing Clusters as an Economic Driver for Competitiveness

Published in: Leadership & Management
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Kiril Petkov Innovation Explorer 2019

  1. 1. Innovations in Existing Clusters as an Economic Driver for Competitiveness
  2. 2. THE CONTEXT: ECONOMIC CYCLE Recovery - Spring Peak - Spring Recession - FallTrough - Winter Just wait for the next economic cycle?
  3. 3. ECONOMIC CYCLES IN BULGARIA (GROWTH RATES - % OF GDP)
  4. 4. FOREIGN DIRECT INVESTMENT (FDI) WE ARE MISSING 8 BILLION EUROS? FDI in EUR millions: 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 € 9,052 € 6,728 € 2,437 € 1,151 € 1,746 € 1,320 € 1,383 € 1,160 € 2,534 € 701 € 902 € 1,101
  5. 5. CONTINUOUS TRADE DEFICIT Trade Deficit: for the last decade we are importing more than exporting
  6. 6. CONTINUOUS GOVERNMENT BORROWING The government keeps on increasing our foreign debt:
  7. 7. CONTINUOUS PRIVATE SECTOR BORROWING
  8. 8. WHAT ARE THE OPTIONS? Option 1 Find new foreign direct investments for Euro 8 billion. Option 2 Increase exports with Euro 8 billion Option 3 Accept lower standard of living
  9. 9. HOW CAN WE INCREASE OUR EXPORTS WITH EURO 8 BILLION? Option 1 By creating new innovative companies with products and services that are with high value added and are competitive in the international markets. Option 2 To sell products and services at lower prices than the international competition. Low standard of living
  10. 10. HOW EASY IS TO CREATE COMPETITIVE COMPANIES IN 2018? 1874 1) Having a good idea 2) Setting up a company 3) Start of manufacturing Alexander Bell Bell Telephone Company 2018
  11. 11. 42% of the Bulgarian economy is in traded clusters and Construction constitutes 19% of the traded clusters revenues 12% 22% 42% 45% 23% 4% 14% Revenues (‘000 EUR) 100% Employees Companies 4% Traded 79.109.955 2% 2.772.779 Natural Resource Driven 373.760 Unclassified Local 40% 39% 53% Note: Local cluster is the one, serving only the local market Source: Centre for Economic Strategy and Competitiveness, Amadeus, European Cluster Observatory CLUSTER DISTRIBUTION IN BULGARIA
  12. 12. OPPORTUNITY FOR COMPETITIVENESS: EXISTING TRADED CLUSTERS WITH EXPORT POTENTIAL Note: Local cluster is the one, serving only the local market Source: Centre for Economic Strategy and Competitiveness, Amadeus, European Cluster Observatory Farming & animal husbandry Agricultural pr. Processed food Agri-food IT & Outsourcing Paper pr. Maritime Textiles Other Aerospace Sport & Recreation goods Construction Metal manuf. Automotive Processed food Buildings related T&L Heavy Machinery Production tech. Transport Eq & Machine building Oil and gas Other Tourism & hospitality T&L Local Transport & Logistics Pharmaceuticals Local Healthcare Maritime Tobacco Local Natural resource driven Chemical OtherTelecom Business services Local Instruments Medical devices Other Lighting & electrical eq. Power Metal manuf. IT Telecom Electronics & Electrical Natural resource driven Construction Automotive Textiles Pharmaceuticals Oil and gas Buildings related Paper pr. Plastics Chemical pr. Other Priority sectors and clusters in them (revenues) The activities in every priority sector are related to various clusters Cluster name Priority sector
  13. 13. 13 L. bulgaricus L. Lactis (4 cells) TRADITIONAL CLUSTER: BULGARIAN YOGURT STARTERS
  14. 14. 14 PROVIOTIC: INNOVATION WITH THE TRADITIONAL YOGURT STARTER CULTURE  Plant based good bacteria (L. bulgaricus GLB44)  Extracted from the Snowdrop flower in the mountains of Southeast Europe  Grown in certified organic vegetable juice. Contains only L. bulgaricus GLB44 and traces of organic vegetables.  There are no carriers, no fillers, no preservatives, no artificial ingredients.
  15. 15. 15 PROVIOTIC HAS TWO US PATENTS FOR THE USE OF L. BULGARICUS GLB44 AS A PATHOGEN INHIBITOR IN FOOD
  16. 16. Juice Press has now 50 locations in Manhattan, it adds ProViotic to all of its juice recipes! 16 JUICE PRESS: PROVIOTIC IN RAW JUICE
  17. 17. Пробиотик CLEAN LABLE: FIRST FERMENTED SAUSAGES WITHOUT NITRATES
  18. 18. Пробиотик CLEAN LABEL HUMUS – NO PRESERVATIVES
  19. 19. FIRST VEGAN ORGANIC PROBIOTIC THE ONLY PROBIOTIC THAT IS DISCOVERED ON A FLOWER AND GROWN IN JUICE  Certified organic  100% vegan  No major allergens (lactose free, gluten free, soy free, nuts free)  No artificial ingredients  No GMO  No bloating (homofermentative)  Researched by Harvard Medical School scientists
  20. 20. 20 WORKING TOGETHER WITH NOBEL LAUREATE DR. MARSHALL AND HARVARD MEDICAL SCHOOL
  21. 21. PROVIOTIC FEATURED IN:
  22. 22. OPRAH’S CHOICE FEATURED IN O-MAGAZINE
  23. 23. THE LIFE SCIENCES LAB AT HARVARD •
  24. 24. Meeting place for all young scientists in the field of life sciences Course for entrepreneurship and innovation in life sciences Applied biotechnology laboratory
  25. 25. DR. TROPCHEVA THE YOUNG SCIENTIST MANAGING CASI
  26. 26. BIOTECHNOLOGY LABORATORY
  27. 27. ENTREPRENEURSHIP AND INNOVATION COURSE
  28. 28. SCHUMPETER’ CREATIVE DESTRUCTION Creative Destruction Status Quo Invention Innovation Imitation …and the Role of the Entrepreneur
  29. 29. Cardio Probiotic with Antioxidants from Grapes Skins Contraceptives with antifungal properties The first Symbiotic: L. bulgaricus and Spirulina Good bacteria as a preservative to meat (no nitrates) Anti-microbial food packaging THE NEW BIOTECH STARTUPS Subscription Tampon Company with Personal Diagnostics

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