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Inside the  Innovation Economy The Lisbon Agenda in times of financial crisis Interfacing Innovation Conference Brussels, ...
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 <ul><li>„ Over the course of the following months,  throughout numerous missions ,  the Tweenbots were ...
Innovation in the EU: Effects of the financial crisis? Outlook to future?
“ The world’s most dynamic knowledge-based economy by 2010” 2020
Introduction <ul><li>Christopher Allen, EU Commission </li></ul><ul><li>Juan Cajiao, AISEC </li></ul><ul><li>Magnus Madfor...
Ecosystem Lisbon Agenda: Situation & Perpectives? EU INNOVATION Sectors Funding Regions Clusters SMEs/Gazelles Education R...
Lisbon Agenda <ul><li>2000: Lisbon Agenda introduced </li></ul><ul><li>2005: Partly revised </li></ul><ul><li>2007: Some p...
<ul><li>Education: What is the curriculum? </li></ul><ul><ul><li>Models that work?  </li></ul></ul><ul><li>Research: More ...
<ul><li>Innovative Regions </li></ul><ul><ul><li>Perspectives? Needed actions? </li></ul></ul><ul><li>Clusters/Innovation ...
<ul><li>Future Innovation Ecosystem in Europe </li></ul><ul><ul><li>Building on EU strength, sustainable, social </li></ul...
<ul><li>Innovation Communication </li></ul><ul><ul><li>EU & Innovation: Drowning in papers </li></ul></ul><ul><ul><li>Lack...
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_...
Fact: Job creation by few <ul><li>Just 9.8% of the world's entrepreneurs expect to create almost 75% of the job generated ...
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 co...
Fact: Innovation Activity
Fact: VC returns Source: Price Waterhouse Coopers/3i, September 2003 Public markets returns vs. VC investment Source: DG E...
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
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Mirko Lorenz, Inside the Innovation Economy: The Lisbon agenda in times of financial crisis - Interfacing Innovation Brussels

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Paneldiscussion moderated by Mirko Lorenz, speakers included: Christopher Allen, John Vassallo, Magnus Madfors, Roland Strauss and Juan Cajiao

Mirko Lorenz, Inside the Innovation Economy: The Lisbon agenda in times of financial crisis - Interfacing Innovation Brussels

  1. 1. Inside the Innovation Economy The Lisbon Agenda in times of financial crisis Interfacing Innovation Conference Brussels, April 19-22, 2009
  2. 2. Start: A story about ideas, creativity and innovation.
  3. 3. Assignment: Build a robot, able to get from Point A to Point B in a public park.
  4. 5. ? (sensors, GPS, cameras, wheels,…)
  5. 6. Solution: Source: Tweenbots, com Kacie Kinzer (2009)
  6. 7. Source: Tweenbots, com Kacie Kinzer (2009)
  7. 8. Unexpected results <ul><li>„ 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.“ </li></ul><ul><li>„ 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.“ </li></ul><ul><li>„ Never once was a Tweenbot lost or damaged.“ </li></ul><ul><li>Source: Tweenbots.com </li></ul>
  8. 9. Innovation in the EU: Effects of the financial crisis? Outlook to future?
  9. 10. “ The world’s most dynamic knowledge-based economy by 2010” 2020
  10. 11. Introduction <ul><li>Christopher Allen, EU Commission </li></ul><ul><li>Juan Cajiao, AISEC </li></ul><ul><li>Magnus Madfors, Ericsson </li></ul><ul><li>Roland Strauss, Strauss Partners </li></ul><ul><li>Philippe Vanrie, European BIC Network </li></ul><ul><li>John Vassallo, Microsoft </li></ul><ul><li>Mirko Lorenz, Deutsche Welle (Moderator) </li></ul>
  11. 12. Ecosystem Lisbon Agenda: Situation & Perpectives? EU INNOVATION Sectors Funding Regions Clusters SMEs/Gazelles Education Research Entrepreneurs Innovation Communication Building blocks
  12. 13. Lisbon Agenda <ul><li>2000: Lisbon Agenda introduced </li></ul><ul><li>2005: Partly revised </li></ul><ul><li>2007: Some positive indicators </li></ul><ul><li>2009: Financial crisis hits markets </li></ul><ul><li>2020: Perspective for EU innovation? </li></ul>Lisbon Agenda: Effects of financial crisis?
  13. 14. <ul><li>Education: What is the curriculum? </li></ul><ul><ul><li>Models that work? </li></ul></ul><ul><li>Research: More transfer, but how? </li></ul><ul><ul><li>More Collaboration? EU Patents? Motivations? </li></ul></ul><ul><li>Entrepreneurs: Why take the risk? </li></ul><ul><ul><li>Motivation? Perception by society? </li></ul></ul>Education Research Entrepreneurs Source: Photocase.de
  14. 15. <ul><li>Innovative Regions </li></ul><ul><ul><li>Perspectives? Needed actions? </li></ul></ul><ul><li>Clusters/Innovation Centers </li></ul><ul><ul><li>Survival rates, growth, new concepts? </li></ul></ul><ul><li>SMEs/Gazelles </li></ul><ul><ul><li>Would Google be possible in Europe? </li></ul></ul>Regions Clusters SMEs/Gazelles
  15. 16. <ul><li>Future Innovation Ecosystem in Europe </li></ul><ul><ul><li>Building on EU strength, sustainable, social </li></ul></ul><ul><li>Sectors </li></ul><ul><ul><li>Key areas: Energy, Services, ICT, Food, Health, Auto & Aero </li></ul></ul><ul><li>Funding </li></ul><ul><ul><li>Sources? risk acceptance? “fail fast” models? </li></ul></ul>Ecosystem Sectors Funding Source: Richard Sarson, http://www.richardsarson.com/sketch/sketch01.jpg
  16. 17. <ul><li>Innovation Communication </li></ul><ul><ul><li>EU & Innovation: Drowning in papers </li></ul></ul><ul><ul><li>Lack of a “sticky” story what EU innovation is </li></ul></ul><ul><ul><li>How could we get a better overview? </li></ul></ul>Innovation Communication Source: FFFound
  17. 18. Q&A Innovation in the EU: What could be THE model?
  18. 19. Thank you.
  19. 20. Fact: How are we doing? European Innovation Scoreboard 2008 Source: http://www.proinno-europe.eu/EIS2008/website/docs/EIS_2008_Final_report.pdf
  20. 21. Fact: Job creation by few <ul><li>Just 9.8% of the world's entrepreneurs expect to create almost 75% of the job generated by new business ventures. </li></ul><ul><li>High-expectation entrepreneurs who want to employ at least 20 people within five years. </li></ul><ul><li>Source: GEM, 2005, global study </li></ul>
  21. 22. Fact: Idea economy is risky Less than 1% of ideas in companies are successful.
  22. 23. 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
  23. 24. Fact: Innovation Activity
  24. 25. 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
  25. 26. Facts: Funding Source: EVCA Private Equity Activity Survey 2007 Europe
  26. 27. Facts: Private Equity funds Source: EVCA Private Equity Activity Survey 2007 Europe
  27. 28. Facts: Funding by country Source: EVCA Private Equity Activity Survey 2007 Europe

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