Findings from a survey of HGIEs in eight countries and policy implications Mutual Learning Seminar Session II: Policies to support high-growth innovative.

Slides:



Advertisements
Similar presentations
Why does ERA Need to Flourish
Advertisements

Advanced Piloting Cruise Plot.
1 Copyright © 2010, Elsevier Inc. All rights Reserved Fig 2.1 Chapter 2.
1 Science Technology and Innovation in the chemicals sector: the role of SusChem Andrea Tilche European Commission DG Research Head of the Unit « Environmental.
Enabling non-technical innovation – enabling the demand side Professor Stephen Roper Warwick Business School, UK
Using public procurement to foster research and innovation More Research and Innovation COM(2005) 488 of 12 October 2005 Commission communication to the.
Enterprise and Industry Directorate-General Unit D1 Innovation Policy development European Commission Non-technological innovation and EU innovation policies.
By D. Fisher Geometric Transformations. Reflection, Rotation, or Translation 1.
OECD World Forum Statistics, Knowledge and Policy, Palermo, November
Business Transaction Management Software for Application Coordination 1 Business Processes and Coordination.
1 Banking Services for Everyone? Barriers to Bank Access and Use Around the World Thorsten Beck Asli Demirgüç-Kunt Maria Soledad Martinez Peria The World.
1 The Academic Profession and the Managerial University: An International Comparative Study from Japan Akira Arimoto Research Institute for Higher Education.
PRIVATE SECTOR DEVELOPMENT Mr. Dragan Vrankić, Deputy Prime Minister of Federation of BiH International conference on development of Bosnia and Herzegovina.
EU-Regional Policy Structural actions 1 GROWING EVALUATION CAPACITY THE MID TERM EVALUATION IN OBJECTIVE 1 AND 2 REGIONS 8 OCTOBER 2004.
Research and Innovation Research and Innovation European Semester: 2013 ERAC Mutual Learning Seminar ERAC meeting, DG RTD, Unit C6 1.
1 Learning for employment vocational education and training policy in Europe in Europe.
University Industry Relation (in open innovation era) Kazuyuki Motohashi Professor, Department of Technology Management for Innovation, The University.
Target setting for the SEE 2020 strategy Jahorina, Bosnia and Herzegovina September 11 th
Jeopardy Q 1 Q 6 Q 11 Q 16 Q 21 Q 2 Q 7 Q 12 Q 17 Q 22 Q 3 Q 8 Q 13
Jeopardy Q 1 Q 6 Q 11 Q 16 Q 21 Q 2 Q 7 Q 12 Q 17 Q 22 Q 3 Q 8 Q 13
Title Subtitle.
My Alphabet Book abcdefghijklm nopqrstuvwxyz.
Multiplying binomials You will have 20 seconds to answer each of the following multiplication problems. If you get hung up, go to the next problem when.
0 - 0.
DIVIDING INTEGERS 1. IF THE SIGNS ARE THE SAME THE ANSWER IS POSITIVE 2. IF THE SIGNS ARE DIFFERENT THE ANSWER IS NEGATIVE.
MULT. INTEGERS 1. IF THE SIGNS ARE THE SAME THE ANSWER IS POSITIVE 2. IF THE SIGNS ARE DIFFERENT THE ANSWER IS NEGATIVE.
FACTORING Think Distributive property backwards Work down, Show all steps ax + ay = a(x + y)
FACTORING ax2 + bx + c Think “unfoil” Work down, Show all steps.
Addition Facts
B45, Second Half - The Technology of Skill Formation 1 The Economics of the Public Sector – Second Half Topic 9 – Analysis of Human Capital Policies Public.
Around the World AdditionSubtraction MultiplicationDivision AdditionSubtraction MultiplicationDivision.
1 Discreteness and the Welfare Cost of Labour Supply Tax Distortions Keshab Bhattarai University of Hull and John Whalley Universities of Warwick and Western.
European Commission Directorate-General Employment, Social Affairs and Equal Opportunities New Skills for New Jobs Annual Northern Ireland Skills Conference.
KIPO’s Policies on IP Marketplace Choongjae Lee Intellectual Property Promotion Division KIPO (Korean Intellectual Property Office)
Richmond House, Liverpool (1) 26 th January 2004.
Trade Promotion Management Study Summary Charts
Chapter 5 Strategies in Action
World Development Report 2013 The World Bank 3/13/2012 Moving jobs to center stage1.
ABC Technology Project
Russias Image Among Foreign Investors Key findings from survey and focus group research conducted April – May 2007 by HART RESEARCH P e t e r D ASSOTESCIA.
IHPA and the National Efficient Price (NEP) Independent Hospital Pricing Authority.
EU market situation for eggs and poultry Management Committee 20 October 2011.
EU Market Situation for Eggs and Poultry Management Committee 21 June 2012.
The European Lighting Industry Position on How to Maximise the Potential Benefits of European Policy on Energy Efficiency in Lighting January 2008.
TCCI Barometer March “Establishing a reliable tool for monitoring the financial, business and social activity in the Prefecture of Thessaloniki”
The Global Competitiveness Report: A Tool for Fostering Better Policies 8 th November, 2005 Augusto Lopez-Claros Chief Economist & Director Global Competitiveness.
TCCI Barometer March “Establishing a reliable tool for monitoring the financial, business and social activity in the Prefecture of Thessaloniki”
“Start-to-End” Simulations Imaging of Single Molecules at the European XFEL Igor Zagorodnov S2E Meeting DESY 10. February 2014.
New-Product Development and Product Life-Cycle Strategies
Efficiency of Research and Innovation Systems for Economic Growth and Employment Introduction at the 2014 ERAC Mutual Learning Seminar on Research and.
Squares and Square Root WALK. Solve each problem REVIEW:
Chapter 5 Test Review Sections 5-1 through 5-4.
GG Consulting, LLC I-SUITE. Source: TEA SHARS Frequently asked questions 2.
OHT 5.1 © Marketing Insights Limited 2004 Chapter 5 E-business Strategy.
1 Tracking Innovation in NC Patterns and Implications for NC's Eastern Region John Hardin, Executive Director NC Board of Science & Technology
Addition 1’s to 20.
25 seconds left…...
H to shape fully developed personality to shape fully developed personality for successful application in life for successful.
Week 1.
We will resume in: 25 Minutes.
A SMALL TRUTH TO MAKE LIFE 100%
1 Unit 1 Kinematics Chapter 1 Day
Local Report 2010 Switzerland 14th June Design of the study.
Towards European Public Sector Accounting Standards (EPSAS)
What the quarterly Labour Force Survey can tell us about the economic circumstances of people with sight loss Sue Keil RNIB.
1 Laila Castaldo and Ilaria Savoini Brussels, 27 January 2015 “More and better jobs for young people in the commerce sector” Project submitted in relation.
Copyright © 2004 Pearson Education Canada Inc Personal Selling Today Introduction and Overview CHAPTER.
Chapter 14 Fraud Risk Assessment.
Data, Now What? Skills for Analyzing and Interpreting Data
MEADOW: Guidelines for a European survey of organisations Nathalie Greenan CEE and TEPP-CNRS Exploring possibilities for the development of European data.
Presentation transcript:

Findings from a survey of HGIEs in eight countries and policy implications Mutual Learning Seminar Session II: Policies to support high-growth innovative enterprises Brussels, 20 March 2014 A study on behalf of the European Commission Stefan Lilischkis empirica Communication and Technology Research, Bonn

Study background Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis  Evidence that HGIEs contribute decisively to job creation  However: lack of knowledge about HGIE characteristics and appropriate policies => HGIE study 1/2013 – 9/2013

Partners Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis

Methods: CATI survey Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis  Survey in 36 innovative industries in eight countries: DE, FR, UK, PL, CH, US, JP, KR  Sample: 580 HGIEs  “High growth”: Companies’ number of employees grew at least one third over three years in past five years (PL: 22% in two years)  Only internal growth, no mergers and acquisitions  Size threshold: ten employees at beginning  Data base for sampling included 4% HGIEs

Further methods Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis  Interviews with experts – Three interviews per country (one academic, one governmental, one business)  Literature research

Presentation Stefan LilischkisMutual Learning Seminar ▪ Brussels, 20/3/ HGIE characteristics

Industries in data universe Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis

Size Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis  Majority of HGIEs small (10-49 employees)  Considerable share medium-sized; below 10% large  Share of medium-sized HGIEs larger than share of all medium-sized enterprises; for small enterprises it is the other way round => for many enterprises medium size may be required to take off for high growth (economies of scale and scope)

Age Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis  Majority of HGIEs in sample older than 10 years  Applies to all countries and sectors => High growth not a start-up phenomenon but takes place after initial struggle of establishing firm in the market

Year when fast growth started Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis  Vast majority: high growth started in past 10 years  45% of HGIEs:  further 45%:  Small share of HGIEs (10%) performs continuous high growth (> 10 years). Characteristics:  Largest share among medium-sized enterprises  Share considerably larger in services (12%) than in manufacturing (5%)

Spin-offs Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis  13% of HGIEs in sample are spin-offs  Origin: – Most spin-offs (68%) from other companies – 24% from universities – 18% from other public research organisations

Other characteristics Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis  25% have private equity, 12% VC => Very likely more than in other companies  Main customer group: other companies => So don‘t mind invisibility  Main market: national (56%) => Potential to grow internationally

Reasons for growth in HGIEs Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis

Perceived main barriers to growth Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis

Breakdown by country Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis  Similarities across countries: – Hardly any particularly high share of HGIEs per industry – Majority of HGIEs small – Vast majority older than 10 years – Most important reasons for growth: “our company’s directors actively target growth” and “our company has particularly highly skilled employees” – Other companies are main customers – National sales market most important  Differences in countries’ shares of HGIEs from certain industries, reflecting national specificities

Breakdown by industry Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis  In data universe: shares of HGIEs per industry do not differ much (not >7%)  Growth in manufacturing and services partly driven by different factors: – highly skilled employees more important in services – entering new international markets more important for manufacturers  Beside “directors targeting growth” and “skilled employees”, each industry has own profile of growth factors

Presentation Stefan LilischkisMutual Learning Seminar ▪ Brussels, 20/3/ HGIE policies

Assessment of framework conditions Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis

Perceived need for governmental policy Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis

Use of state support measures Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis HGIEs welcome any type of support that improves the balance sheet

Conclusions for policies Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis  Consider HGIE characteristics – older age, spin-off origin, national and sectoral specificities  Target key barriers for growth – especially regulations for starting/growing a company, access to finance, lack of skilled employees  Improve framework conditions – in particular company taxation and labour law  Foster key growth factors – e.g. ability/readiness to target growth and internationalisation  Evaluate policies – Little scientific evidence about effectiveness and efficiency of specific HGIE support measures

Mutual Learning Seminar ▪ Brussels, 20/3/ Presentation Stefan Lilischkis