1. How to foster innovation Gábor Bojár Graphisoft, Founder AIT-Budapest, Founder EIT Member of the Governing Board

2. 2015. 10. 31. 2. A few words about Graphisoft Founded in 1982 First 3D on PC 1998: IPO, $350M 2013: # 1 in BIM ww market

3. 2015. 10. 31. 3. From constraints No access to up-to-date computers (COCOM) No access to capital No access to market But access to talents Competitive advantages

4. 2015. 10. 31. 4. No access to up-to-date computers (COCOM) Early start on PC No access to capital Relying on customers No domestic market Early globalization Turning constraints to advantages

5. Innovations 3D for what? The Virtual Builiding (BIM) 2015. 10. 31. 5.

6. Innovations

7. Today Over 50% of the buildings around the world designed in 3D designed with ArchiCAD

8. I believe Innovation is best fostered by fair comptetion

9. Public money hurts innovation I believe

10. Miracles of competition

11. Hungarian examples Global market leaders: Prezi, LogMeIn Ustream Colorfront Graphisoft What is common in all these companies? None of them ever applied for public money! 2015. 10. 31. 11.

12. More Hungarian examples Cab service in the 80’-ies Banking: SMS on credit card use 2015. 10. 31. 12.

13. When competition is over Innovation is over Land line phones PC operating systems 2015. 10. 31.

14. Traps of the “free” market Unfair/illegal use of power Customers’ defenseless Information asymmetry

15. Role of the State Market regulation Secure fair competition

16. What the State should not do To act as a competitor To support competitors To show main directions

17. Who has shown direction to the market? or

18. To foster innovation Invest in education! Invest in education!! Invest in education!!!

19. 2015. 10. 31. Thank you for your attention