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Unleashing innovation and entrepreneurship in Europe: People, places and policies


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Dr. Totti Könnölä (CEO of Insight Foresight Institute) gave an invited lecture on ‘Unleashing innovation and entrepreneurship in Europe: People, places and policies’ (building on the preliminary findings from the CEPS Taskforce) in the Enterprise and Innovation Community (EIC) meeting of the League of European Research Universities (LERU) at the Universiteit Leiden on 8, 2016.

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Unleashing innovation and entrepreneurship in Europe: People, places and policies

  1. 1. UNLEASHING INNOVATION AND ENTREPRENEURSHIP IN EUROPE: PEOPLE, PLACES AND POLICIES LERU Enterprise and Innovation Community (EIC) Universiteit Leiden, 8 September 2016 Invited Lecture Dr. Totti Könnölä
  2. 2. • Foresight and Strategies • Evaluation • Policy Learning Strategic Guidance • Valorisation • Acceleration • Mentoring Ecosystem Shaping • Community Building • Communication • Knowledge Transfer Impactul Outreach “We work with business, policy, academia and other stakeholders to foster insight and foresight that transform innovation and entrepreneurial ecosystems with lasting impact on society.” KNOWLEDGE PLATFORM • Monitoring • Horizon Scanning • Online Collaboration SOCIAL CAPITAL • High Level Advisory Board • Challenges Committee • Innovation Council SOLUTIONS TRANSFORMING ECOSYSTEMS INSIGHT FORESIGHT INSTITUTE (IFI) Businesses Academia Government Investors Society Media
  3. 3. Unleashing innovation and entrepreneurship in Europe: People, places and policies European Parliament -- Brussels, 27 April 2016
  4. 4. 4
  5. 5. 3 S: SOCIALLY RELEVANT, SYSTEMIC AND SIMPLE ­ Socially relevant ­ Innovation and entrepreneurship: means rather than goals ­ Addressing outstanding societal challenges ­ Systemic ­ Going beyond R&D ­ New forms of innovation, new business models ­ Multi-actors and cross-sectoral ­ Simple ­ Single point of contact ­ Multi-stakeholder platforms © CEPS
  6. 6. 3 P: PEOPLE, PLACES AND POLICIES ­ People ­ Talent-Driven Innovation: Fostering talent and will for entrepreneurship ­ Places ­ Collaboration spaces and platforms as drivers of innovation and entrepreneurship ­ Policies ­ Harnessing the potential of regulation to promote innovation and entrepreneurship © CEPS
  7. 7. PEOPLE 7
  8. 8. PEOPLE – WHAT SKILLS? LOOKING FOR THE RIGHT MIX OF COMPETENCES, CREATIVITY, ENTREPRENEURSHIP ­ Strengthen policy efforts to promote STEM education and coding skills since early school years ­ Promote the inclusion of entrepreneurial skills, managerial skills, creativity and the ability to think out of the box as basic skills to be taught during school years, and university ­ Promote the provision of entrepreneurial skills and capacity building by companies ­ Incentivize Member States, for example by including the measurement of entrepreneurial skills in the European semester ­ Strengthen public-private cooperation to ensure the exposure of young European citizens to entrepreneurial role models and success stories to generate emulation among youngsters © CEPS
  9. 9. PEOPLE – THE FUTURE JOB MARKET: FACING THE CHALLENGE TO HELP EVERYONE REINVENT ONESELF Launch a systematic reflection on the security and flexibility needs of the future European job market, with specific focus on employability, self-employment features and work-train balance needs for the coming years ­Flexicurity ­Update in the competences and skills of young and older individuals ­Work-train-life balance © CEPS
  10. 10. PEOPLE – THE AGE OF OPENNESS, AND PEOPLE: FROM CITIZEN SCIENCE TO THE ATTRACTION OF TALENT Promote open access to government-funded research and government-held data to boost data-driven innovation in Europe Foster legal certainty for data-driven innovation and more generally for text and data mining activities, especially with respect to EU copyright and data protection laws Strengthen citizen science in Europe by creating adequate platforms and calling on EU-funded research projects to involve citizens and adopt bottom-up approaches where possible Promote openness to foreign talent in all Member States. © CEPS
  11. 11. PEOPLE – “PERMISSIONLESS” INNOVATION AND SMART POLICY: MAKING ROOM FOR ENTREPRENEURS Develop guidance on regulatory flexibility to make regulation more conducive to innovation, implementing where appropriate the concept of “permissionless” innovation Eliminate useless and redundant red tape, by distinguishing it from regulatory costs that generate benefits and help achieve policy goals Create one-stop-shops for entrepreneurs by consolidating contact points for access to EU and national funds and streamlining rules for financial and non-financial support Avoid creating perverse incentives with legislation, e.g. by creating rules that discourage scale-up © CEPS
  12. 12. PEOPLE – INTRA-PRENEURS: UNTAPPING INNOVATION IN LARGE COMPANIES AND PUBLIC ADMINISTRATION Design policies to promote public sector innovation at all levels of government, including innovation prizes and awards Promote and foster smart institutional design in innovation agencies and other relevant institutions Consider the creation of “entrepreneurs in residence” and other fellowship and mentoring programs to promote entrepreneurial thinking in institutions © CEPS
  13. 13. PEOPLE – LEADING BY EXAMPLE: EUROPE NEEDS NEW ROLE MODELS AND SUCCESS STORIES Promote successful role models and success stories more widely, in particular among students, and in particular among women Promote, at the local level, the participation of students from late school years to gathering of entrepreneurs and start ups ­Emulation and inspiration ­Help of the private sector © CEPS
  14. 14. PLACES
  15. 15. PLACES – ENABLE KNOWLEDGE FLOWS, OPEN SCIENCE AND DATA DRIVEN INNOVATION Promote open science and data sharing and the improvement of data quality and management Ensure that publicly-funded research communities: (i) represent all aspects of basic and applied research, innovation, etc.; (ii) include stakeholders from various fields; and (iii) become the main source of information for the drafting of innovation agendas and technological roadmaps Develop new performance measures for academia, which encourage further valorization of research © CEPS
  16. 16. PLACES – PLATFORMS FOSTER COLLABORATION AND ENTREPRENEURSHIP: POLICYMAKERS SHOULD ENGAGE WITH THEM, NOT FIGHT THEM Promote cooperation between public and private players in shaping and implementing legal rules for platforms Engage with platforms by seeking their cooperation on nurturing entrepreneurship, shaping university curricula, and defining technology roadmaps to be used as a basis for future policies © CEPS
  17. 17. PLACES – EUROPE MUST COURAGEOUSLY SPEED UP A PLATFORM ECONOMY Develop both in European and national level initiatives for evidence based research on platforms to inform policy Launch foresight activities to explore the future of platform economy and its implications on policy and society at large. Improve conditions for platform economy by fostering investments in broadband, the Internet of Things and Industry 4.0, by removing unnecessary regulatory barriers Preserve the open Internet and the free flow of data, enhancing trust in the digital economy © CEPS
  18. 18. PLACES –MORE SCALEUPS ARE URGENTLY NEEDED! Reduce barriers to entry, growth and exit/failure of firms Address regulatory incumbency Develop ecosystems through enhancing access to (risk) capital, developing networks, mentoring of entrepreneurs, developing skills, etc. Promote scaleup culture through education and media, celebrate success of scaleups and engage entrepreneurs to share their success stories Complete the Single Market and reduce trade barriers, so firms can scale more easily across borders © CEPS
  19. 19. PLACES – COUPLING PAN-EUROPEAN INNOVATION ECO- SYSTEMS WITH REGIONAL ENTREPRENEURIAL ECOSYSTEMS Foster pan-European entrepreneurial (innovation) ecosystems that connect diverse and disruptive talent across Europe Reformulate smart specialization strategies to encompass coordination and acceleration across European borders and beyond Coordinate better the various funding mechanisms on EU level to ensure a better focus on innovation and entrepreneurship © CEPS
  20. 20. POLICIES 20
  21. 21. POLICIES – REFRAME POLICY FOR ESTABLISHED AND NEW FIRMS (RATHER THAN LARGE AND SMALL FIRMS) Refocus policies for large and small to existing and new firms Promote healthy cooperation between existing and new business Establish a suitable balance between direct and indirect support schemes © CEPS
  22. 22. POLICIES – SMART REGULATION IS NEEDED TO HELP ACCESS FINANCE AND ACTIVATE PUBLIC DEMAND Facilitate intermediation in access to finance through increased transparency and accountability Complete the Single Market while pooling of public procurement including ‘innovation deals’ © CEPS
  23. 23. POLICIES – SET UP A SIMPLER DIVISION OF LABOUR FOR MULTI-LEVEL INNOVATION POLICY IN EUROPE Reformulate European added value and focus EU support in interventions which make sense only at EU level like ERC, EIT, FET, etc. Delegate collaborative undertakings like ERANETs, JPIs, JTIs, etc. to long-standing and experienced inter-governmental networks, Eureka and Cost in particular Empower governments with enabling functions while embedding the European dimension fully in their programs and agencies © CEPS
  24. 24. POLICIES – EUROPE SHOULD EMBARK IN TRANSFORMATIVE BUT SIMPLER INNOVATION POLICIES Structure a stable policy framework at European level consisting of two Councils and progressive consolidation of instruments around a limited number of agencies Link action on the ground for stronger institutions at regional and local level © CEPS
  25. 25. Concluding remarks CONCLUDING REMARKS
  26. 26. A WINDOW OF OPPORTUNITY: BETWEEN THE HORIZON 2020 MID-TERM REVIEW AND THE LIKELY SET UP OF A EUROPEAN INNOVATION COUNCIL ­Strong, flexible and adaptive institutions at all levels of government ­An overarching institutional framework crating the necessary stability over the coming decades ­ Two councils (ERC and EIC) are tasked with creating an interface between R&I and policymaking ­ A limited number of agencies (e.g. the EIB and the EIT) would be called to launch and orchestrate challenge-led, streamlined platforms ­ Stronger, open and dynamic institutions should deal with innovation and entrepreneurship at the regional and local level © CEPS
  27. 27. Insight Foresight Institute (IFI) Avda. Concha Espina, 8-1 Dcha. 28001 Madrid, Spain THANK YOU! “With us, achieve game-changing strategies, implement them effectively and reach out to have impact”
  28. 28. CHAIRMAN José Manuel Leceta Background: EIT, CDTI, ERAC-CREST, EUREKA, TAFTIE, ESA MANAGING DIRECTOR Totti Könnölä Background: Impetu Solutions, EIT,UP Comillas, IE, JCR-IPTS, VTT DIRECTOR OF TECHNOLOGY Francisco Jariego Background: Telefónica DIRECTOR OF BUSINESS DEVELOPMENT David Cano Background: TECOPY, IDOM Management SOCIAL CAPITAL • Renowned global leaders and thinkers High-level Advisory Board • Recognised senior experts and mentors Innovation Council • Experts engaged in projects Expert Network • User-side representatives Challenges Committee • Strategic partner organisations Strategic Alliances Community
  29. 29. Ben Martin (UK) •SPRU, Univ. of Sussex •(University of Cambridge) Charles W. Wessner (US) •Georgetown Univ. •(National Academy of Sciences) Dan Breznitz (CA) •University of Toronto, Munk School of Global Affairs, Georgia Tech Enterprise Innovation Institute •(Georgia Tech, MIT) Dirk Pilat (NL/FR) •Deputy Director of the OECD Directorate for Science, Technology and Innovation •(OECD Committee on Industry, Innovation and Entrepreneurship) Emma Fernández (ES) •Advisor, Corporate Leader •(Indra) Gonzalo León (ES) •Vice-President of the Technology for Defence and Security Program, CESEDEN •(Universidad Politécnica de Madrid) Göran Roos (SE/AU) •Value Add and Ind. Growth, Econ. Dev. Board in Adelaide •(Innovation Performance Australia,VTT) John Kao (US) •Institute for Large Scale Innovation •(Global Advisory Council on Innovation of WEF, Harvard Business School) Ken Guy (UK) •Wise Guys, Ltd •(OECD, EC JRC-IPTS, Technopolis) Kurt Deketelaere (BE) •LERU •(Flemish Gov., Univ. Of Leuven) Maria Bejuméa (ES) •Startup Spain (South Summit) •(Serial entrepreneur) Mariana Mazzucato (IT/US) •SPRU, Univ. Of Sussex •(INNOGEN, The Open University) Ray Garcia (US) •European Commission, , Buoyant Capital •(University of Pisa, MIT Media Lab,University of Arizona) Riel Milller (CA/FR) •UNESCO •(xperidox, OECD) Ron Johnston (AU) •Australian Centre ofr Innovation •(Australian Commission for the Future) HIGH LEVEL ADVISORY BOARD