Second IRIMA workshop Industrial Research and Innovation Monitoring and Analysis: Counting (and accounting) R&D and non-R&D intangibles, drivers of firm’s innovation and growth – Summary Report

In this second IRIMA Workshop the aim was to discuss the policy implications of new evidence obtained by the project on the role that R&D and non-R&D intangible assets (e.g. training, design, branding and reputation) have for companies’ innovation and growth in Europe. In particular, it focused on what accounting data at company level can actually reveal on the role of intangibles assets - both at the micro and at the macro level - and on what they miss-reveal or simply are not able to disclose. The informative and policy role of other kinds of (non-accounting) statistical sources - like dedicated surveys on firms’ intangible investments – was also central to the workshop. The workshop, titled "Counting (and accounting) R&D and non-R&D intangibles, drivers of firm's innovation and growth", was organised in two sessions: the first one was dedicated to the discussion of recent evidence on companies' R&D investments and the second one to the analysis of companies' investments on the broader set of intangibles assets which drive firm's innovative activities.JRC.J.2-Knowledge for Growt

First IRIMA Workshop Industrial Research and Innovation Monitoring and Analysis: Identifying policy-makers and business community needs - Summary Report

In order to identify how the IRIMA activities can best serve the information needs of policy makers and industrialists, a workshop was organised on 4th December 2012. The workshop was structured around two main topics: - Session 1: High-growth innovative companies in Europe: What do we know about them? How to increase their number? - Session 2: Globalisation and R&D localisation: How to attract R&D investments in Europe? What is the link between R&D and manufacturing activities? The participants were requested to provide feed-back on the pertinence and policy relevance of the research questions identified for the next stage of the IRIMA project and to signal any missing areas where further empirical evidence would be needed.JRC.J.2-Knowledge for Growt

Bridging ideas with markets. The impact of training, marketing and design on innovation

This Policy Brief presents recent results on the impact of training, marketing and design expenditures on European firms' innovative performance. The new evidence drawn from recent JRC research suggests that these expenditures, in combination with R&D, are crucial drivers of innovation. Drawing on these results, policy implications for the European Research and Innovation Agenda are discussed and additional research questions identified.JRC.J.2-Knowledge for Growt

Mind the science and technology skills gap

This policy brief shows new evidence on the causes of the S&T skills gap in European regions. It highlights that the S&T skills gap is mainly due to shortages of capabilities that are crucial to support the innovation and growth of firms and the other actors of the regional system, including university and government. From these findings, ad hoc policy implications upon the development of innovation capabilities and skills for the European Research Strategy and Innovation agenda are proposed and future research issues identified.JRC.J.2-Knowledge for Growt

Attracting foreign direct investment without weakening domestic firms

The present policy brief builds on a recent study designed to provide insights that support the need for a comprehensive policy approach which simultaneously aims at attracting foreign direct investments while strengthening the competitiveness of domestic firms. More in detail, the applied framework provides policy-makers with an instrument to understand when foreign investments are beneficial with respect to knowledge inflows and when they start to jeopardise the competitiveness of local firms. This has interesting policy implications in relation to various relevant aspects of the Europe 2020 agenda, such as the need to strengthen the competitiveness of European firms in the global economy, by, among other things, promoting and supporting their mobility within the Internal Market, their internationalisation, and their capacity to contribute to and benefit from international knowledge flows.JRC.J.2-Knowledge for Growt

The 2013 EU Survey on Industrial R&D Investment Trends

This report presents the findings of the eigth survey on trends in industrial R&D investment. These are based on 172 responses of mainly larger companies from the 1000 EU-based companies in the 2012 EU Industrial R&D Investment Scoreboard. These 172 companies are responsible for R&D investment worth € 62 billion, constituting around 41% of the total R&D investment by the 1000 EU Scoreboard companies.JRC.J.2-Knowledge for Growt

The 2011 EU Industrial R&D Investment Scoreboard

The 2011 "EU Industrial R&D Investment Scoreboard" (the Scoreboard) collects information on the top 1000 EU companies and 1000 non-EU companies investing the largest sums in R&D in the last reporting year. The Scoreboard includes data on R&D investment along with other economic and financial data from the last four financial years. The data for the Scoreboard are taken from the companies’ latest published accounts, intented to be their fiscal year 2010 accounts (although due to different accounting practices, it includes accounts ending on a range of dates, from late 2009 to early 2011). In the last year's Scoreboard, companies' results showed the big effect of the great recession/financial crisis that started in 2008. In this Scoreboard edition, companies show considerable signs of recovery, e.g. with a significant increase in R&D investment and double-digit increases in sales, operating profits, and market valuation of companies. However, companies have still to deal with a complex economic environment. In particular, two big economic issues create pressure for companies: national debt levels (which feed back into the banks and limit their lending to companies and hence affect company expansion plans) and the low growth rates being seen in developed economies which can limit the sales growth of many companies, particularly those selling more standard products. In this context, the efforts made by many Scoreboard companies to increase R&D investment appear especially remarkable and emphasise the role R&D plays for companies to enhance their product ranges and hence create and sustain competitive advantages. R&D-based competitive advantage can yield higher value added and higher growth rates. The analysis in this report concentrates on the main trends of companies' R&D activities and results. The focus is on the evolution of R&D investments across regions and industries and its comparison with companies' parameters such as net sales, profits, market capitalisation and capital expenditures.JRC.J.2-Knowledge for Growt

The 2015 EU Survey on Industrial R&D Investment Trends

This tenth survey on industrial R&D investment trends is based on 162 responses of mainly large firms from a subsample of the 1000 EU-based companies in the 2014 EU Industrial R&D Investment Scoreboard. These 162 companies are responsible for €60 billion R&D investment, constituting around 36% of the total R&D investment by the 1000 EU Scoreboard companies. The responding companies expect to increase their nominal R&D investment by 3.0 % per year during 2015–17. This is a third less than the expected increases of last year’s survey (4.2 %) and slightly higher than the results of the one the year before (2.6 %). The responding companies carry out one-fourth of their R&D outside the EU. The responding companies’ expectations for R&D investment for the next three years show the ongoing participation of European companies in the global economy. While maintaining the focus of their R&D investment in the EU, they reap opportunities for growth in emerging economies. Three out of four of the responding EU-based companies consider their home country among the three most attractive locations for R&D. Regarding non-EU countries, the United States, China and India are seen as the most attractive locations outside the home country.JRC.J.2-Knowledge for Growt

The 2010 EU Industrial R&D Investment Scoreboard

This 2010 "EU Industrial R&D Investment Scoreboard" (the Scoreboard) presents information on the world's top 1400 companies ranked by their investments in research and development (R&D). It contains data drawn from the latest available companies' accounts, i.e. the fiscal year 2009 . These are 400 companies based in the EU and 1000 companies based elsewhere. The global economic and financial crisis that started in 2008 and hit companies worldwide is fully reflected in the company accounts used for the 2010 Scoreboard. This was not the case for last year's edition where only the first effects were visible in indicators like sales, profits and market valuation while R&D investment growth continued, due to the normal operational lag of R&D activities. The 2010 Scoreboard shows the effects of the economic downturn on company financial results and input indicators such as R&D and fixed capital investments. The analysis compares R&D investment figures with the evolution of net sales and profits and highlights the different effects and trends across individual companies, sectors and regions and, makes comparisons with the previous downturn in 2002-2003. Despite an overall downtown in R&D investments, a number of companies continue to increase R&D investments as a way to strengthen their competitive position in preparation for the upturn.JRC.DDG.J.3-Knowledge for Growt

Place-Based Innovation Ecosystems: Espoo Innovation Garden and Aalto University (Finland)

The present case study pursues to identify key success factors in Espoo innovation ecosystem, with a particular attention to the role of Aalto University, with a view to inform policies aimed at supporting the strengthening and emergence of existing and new place-based innovation ecosystems in other EU regions and cities, as well as of entrepreneurial universities. It starts by defining what a place-based innovation ecosystem is intended to be, and identifies a conceptual framework that can operationalise the study of concrete cases. The study continues with a presentation of the main local actors and pre-existing enabling factors, progressively moves to the catalysers that have made this innovation garden flourish (notably the reforms that enabled the emergence of Aalto University with its particular governance model) and finally analyses its Quadruple Helix collaboration model and the way the whole ecosystem is orchestrated.JRC.B.3-Territorial Developmen