1. Action Plan for strengthening Research, Technological Development and Innovation in Greece Katerina Georgouli kgeor@teiath.gr I C T Forum 2010, 2 – 4 November 2010, Nis, Serbia

2. Common Assumptions knowledge is the main factor of economic growth in modern economies a significant proportion of existing stock of knowledge is leaded to rapid obsolescence due to the accelerating pace of generating new scientific and technological knowledge research, education and lifelong learning are of strategic importance

3. Central policy choice creation of Consolidated Research Area maximize synergies between research groups through systematic collaboration of researchers working on: – government research centers, –faculty members and researchers of higher educational institutions and –the research potential of the private sector

4. The Vision Strengthening the linkage and harmonious development of all aspects of the "knowledge triangle", –the production of knowledge (research), – the transmission of knowledge (education and lifelong learning) –the wider diffusion of knowledge in society as a whole and its exploitation with economically beneficial way (innovation)

5. Ambitious goal tripling of spending on research over the next decade, reaching in 2020 the 2% of GDP to fundamentally restructure the development model setting as priority Education, Research and Technological Development, the to attract investment

6. Public consultation on proposals Towards a developmental model of knowledge, innovation and sustainable development The role of private sector The role of public sector

7. Towards a developmental model of knowledge, innovation and sustainable development move rapidly to the necessary structural reformations to change the orientation of the economy and society to built the reforms on the ‘Green Sustainable Development ' based on knowledge, innovation and human resources, which will support the production of new competitive products, not based only on low cost but mainly on the increase of the embedded value

8. a precondition for the transition to this new development model is to enhance the research and its integration into the production process to provide new products and services Towards a developmental model of knowledge, innovation and sustainable development (cont.)

9. Alternative Directions Stagnation and loss of competitiveness Pursuit of international competitiveness based on low cost products and services Both leading to the gradual deterioration of the quality of life of workers and citizens of the country

10. The Government’s Decision To provide an appropriate framework to make the country attractive for international research and technological development at –individual level, –companies and –other research bodies level

11. The role of private sector Percentage of private sector’s involvement in research in Greece is 30% Some reasons: –most enterprises advance to their technological upgrading through the purchase of modern equipment, and not through synergies with other specialized agencies or other enterprises - lack of a base of knowledge –lack of recognition by many bussinessmen in the value of research and technological development

12. The role of private sector The role of private sector (cont.) More reasons… –broader institutional weaknesses in the economic environment that often discourages the creation of innovative enterprises. –comparatively small size of most enterprises – lack of human resources

13. The Government’s new measures Concerted measures at many levels: –creating a new institutional framework –providing specialized financial support through the new developmental law –improving the business environment

14. The Government’s new measures In research level, priority to strengthening the essential link between research and business community active involvement of enterprises in frontier research projects stimulating innovative entrepreneurship diffusion and economic exploitation of research results support of researchers through patents in guarantee of the research results and their economic exploitation.

15. The role of public sector Public investment is a key issue for strengthening private investment

16. The role of public sector (cont.) The need for public intervention and resource allocation for research is based on two key assumptions: –research and knowledge have different properties from a common good, leading companies to invest less in them –there is difference between the expected social and private benefits from research The public sector performs a very important role as a user of research and innovation for a large proportion of private resources devoted for research and technological development

17. The role of public sector (cont.) The public sector has a key role in strengthening basic research, that kind of research that has not shown an immediate usefulness in basic research fields like: –Humanities –Mathematics –Theoretical physics

18. Nis, 8-9 April 2010KNOWTS kick-off meeting18 Existing system of research and technology Operational level

19. National Strategic Framework for Research and Innovation (N.S.F.R.I) N.S.F.R.I(21010-2015) 1. Axis of documented research projects 2. Axis of direct support for innovation 3. Axis of unified research area 4. Axis of research infrastructures 5. Axis of Human Research Pontential 3. Axis of unified research area 4. Axis of research infrastructures

20. 1. Axis of documented research projects It will include funding for research projects to meet national research priorities. The establishment of national research priorities will be done with the active participation of the research and business community. The focus will be to identify the technological requirements of the productive potential of the country and society in general. Particular attention will be given to the manufacturing sectors and service sectors in health, environment and nutrition The project funding will be made exclusively through competitive calls for proposals and evaluation will be based on the criterion of excellence

21. Axis of direct support for innovation 2. Axis of direct support for innovation aimed at stimulating innovative entrepreneurship, economic exploitation and dissemination of research results and support researchers in making and using the results of their researches. the state will contribute significantly to the recovery of the dangers of the high degree of risk and it will enhance the early steps of the creative and innovative entrepreneurship efforts (spin-offs, technological parks, regional innovation poles etc) as well as initiatives such as Jeremie and financing mechanisms like Venture Capital.

22. 3. Axis of unified research area support of the research potential restructuring in related research areas and funding through multi-annual framework agreements. In addition to the long joint research projects, researchers’ exchanges and joint research graduate programs will be supported

23. 4. Axis of research infrastructures goal is to create central (web-based) infrastructures, which will provide high quality services in modern technologies and technological platformes that will have a guaranteed continuation.

24. 5. Axis of Human Research Pontential will include projects in direct support of "frontier research" especially for young researchers. support includes funding Phd and Msc scholarships, mobility of researchers, repatriation grants for Greek researchers working abroad

25. Nis, 8-9 April 2010KNOWTS kick-off meeting25 Thank you for your attention

26. The JEREMIE initiative developed in cooperation with the European Commission, offers EU Member States, through their national or regional Managing Authorities, the opportunity to use part of their EU Structural Funds to finance small and medium- sized enterprises (SMEs) by means of equity, loans or guarantees, through a revolving Holding Fund acting as an umbrella fund. Venture capital (VC) is financial capital provided to early-stage, high-potential, growth Startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as biotechnology, IT, Software etc. The typical venture capital investment occurs after the seed funding round as growth funding round (also referred as Series A round) in the interest of generating a return through an eventual realization event, such as an IPO or trade sale of the company.