Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

20071210 Malaysia Entrepreneurship


Published on

Esta es una presentación realizada en Malasia, por una invitación del Banco Mundial, del cambio en el sistema de emprendimiento chileno manejado por INNOVA Chile - CORFO

Published in: Education, Business, Technology
  • Be the first to comment

20071210 Malaysia Entrepreneurship

  1. 1. Creating an Ecosystem for Innovation and Entrepreneurship: From Policy to Reality The Case of CHILE INTI NUNEZ Executive head The Committee of Ministers for Innovation Head division of Innovation Ministry of Economy INTI NUNEZ December 2007 Head Division of Innovation. Ministry of Economy. CHILE
  2. 2. Why are governments policy frameworks for innovation, entrepreneurship, intellectual property and technology transfer important? 1 Chile has a small open economy with solid macro fundaments. However, this model that prioritized macroeconomics conditions affected public investment in Science, Technology & innovation. Source: OCDE (2007) Neutral policies National strategies Effect ‘glass’ ceiling for middle income countries (Porter et al 2 (2001), Leamer et al (2003)) Chile is a middle income country that has lost competitiveness because low wages and low level of environmental regulations decreased. Chile needs to change its drivers of development. Source: Leamer (2003) I II III Chile is in the first stage of the development National 3 Innovation System Public funds are the main driver to growth and develop more investment in R&D. In the case of US, they needed public investment that create public goods and after they received Source: more private investment in R&D. NSF (2004) INTI NUNEZ Head Division of Innovation. Ministry of Economy. CHILE
  3. 3. Why is business incubation supported and what is it role in fostering innovation and entrepreneurship? How does incubation relate to other PSD and innovation initiatives? It is necessary ‘smart money’ (funding, 1 contact & experience) in the chain of entrepreneurship support. In the first stage, incubators are a strategic partner for proof concept funds. Source: Hodgson (2007) In a second stage of development, incubators 2 need to develop networks among different areas: research, business angels, business developers, technology transfer office, etc. Source: Babraham Institute (2005) INTI NUNEZ Head Division of Innovation. Ministry of Economy. CHILE
  4. 4. How is business incubation supported? What types of national public sector policies and programmes support incubation and other innovation initiatives? 2001 INNOVA Chile created a new incubator programme and a new seed capital grant fund. However, the two programmes did not have formal connexion. 2005 INNOVA Chile created a new model that integrated two areas: finance and mentoring, and Source: INNOVA Chile (2005) include new incentive tools. INTI NUNEZ Head Division of Innovation. Ministry of Economy. CHILE
  5. 5. Are public-private partnerships important and how can they play a role in promoting innovation? If the policy considers only grants (public support), projects could be ‘spoiled’ for the real market. If the policy is excessively private, probably projects will be not different to ‘regular’ projects. Source: INNOVA Chile (2007) INTI NUNEZ Head Division of Innovation. Ministry of Economy. CHILE
  6. 6. What lesson have been learnt? What work and what does not work, what successful model exist and how can they scaled up? The entrepreneurship policy must consider an evolution (time & stages) and it must be systemic (different integrated tools) because it needs Strategy social apprenticeships and is complex. systemic & complex More constructivism and less positivism. A specialised human resource base is a core issue in national entrepreneurship policies. A good policy to support entrepreneurs needs Human people specialised in: business planning, finance, marketing, negotiation, Resources leadership, teamwork, etc. Incubators are institutions where these people specialised can be prepared. Research, research, and research. If entrepreneurship policy pretends to achieve spin-off and dynamic technology enterprises, they are directly Research correlated with research capabilities. There are three disciplines which connected produce the majority of entrepreneurs: engineering, chemistry and life sciences. INTI NUNEZ Head Division of Innovation. Ministry of Economy. CHILE