05/06/2007

i-techpartner

i-techpartner's mission is to join excellent European technology leaders with entrepreneurs and investors, and build value creating relationships by making technology development alliances and investments accessible and effective.

Technology transfer in Europe is overall lacking clear processes and focused execution. Support programmes try to overcome these problems by bringing researchers and entrepreneurs together, but this alone has proven to be ineffective. i-techpartner provides a pragmatic answer to Europe's significant innovation challenges. It achieves a high number and high value of investments, partnerships and entrepreneurial commitments between research projects and innovative SMEs throughout Europe, involving investors and corporate partners.

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02/23/2007

Overall Innovation performance of Belgium is slightly above the EU average

The sixth edition of the European Innovation Scoreboard (EIS) has been published on 22 February 2006. The EIS is the instrument developed by the European Commission, under the Lisbon Strategy, to evaluate and compare the innovation performance of the EU Member States.

The overall performance of Belgium is slightly above the EU average, with several indicators above the EU25 average and only a couple of indicators below the average.

Most recent available data for year 2005 show that the group of Innovation drivers is the better performing with a high participation in tertiary education and a high level of broadband penetration. High level of education in the country positively affects the group application, which shows a consistent concentration of employment in hightech services and manufacturing.

Considering the latest available data for each indicator, the group Innovation & entrepreneurship shows high percentages of SMEs innovating in house or cooperating on innovation. The Knowledge creation dimension is well supported by a significant share of enterprises receiving public funding for innovation.

High-tech exports and new-to-market product sales are areas which offer room for improvement.

Sources :
European Innovation Scoreboard 2006
European Innovation Scoreboard 2006, Strenghts and Weaknesses Report

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01/27/2007

The 10 Riskiest Businesses To Start

Maureen Farrel assessed the 10 riskiest businesses to start.

" While some two-thirds of small firms make it past the two-year mark, just 44% can hack it for four years, according to the latest data from the Bureau of Labor Statistics (USA) ".

According to Fair Isaac (FIC), the more riskiest are : transportation, apparel stores, restaurants and bars, communications, travel agencies and tour operators, food services, personal services, auto repair, trucking, and money services businesses.

" And which industries are a better fit for the faint of heart ? Surprisingly, real estate--including landlords, agents and developers--has a relatively low risk profile, according to Fair Isaac's data. Professional services and licensed trades score well, too: Think insurance brokers, doctor's offices and law firms ".

Maureen Farrel, The 10 riskiest businesses to start, Forbes.com, Jan. 18, 2007. Full article >>

01/13/2007

2006 Belgian TEA declined to 2.7 %

The 2006 Global Entrepreneurship Monitor reports a substantial decrease of the entrepreneurial "mindset" in Belgium for nascent as well as new companies. The Total Entrepreneurial Activity (TEA) declined from 3.9 % (2005) to 2.7 % (2006).
Belgium has now the lowest rate of early-stage entrepreneurial activity and the fifth lowest rate of established business ownership.

The 2005 TEA showed a small increase at 3.9 % from 3.5% (2004).

Source : Global Entrepreneurship Monitor

12/16/2006

Innovation you told me, what a mess

Since more than 20 years the word " innovation " inflated the business media. Due to ambiguous and continuously shifting definitions, innovation is used in a lot of point of view referring to processes, as well as ideas, methods or devices[1] :

 • The process of making improvements by introducing something new.
 • The act of introducing something new: something newly introduced. (The American Heritage Dictionary)
 • The introduction of something new. (Merriam-Webster Online)
 • A new idea, method or device. (Merriam-Webster Online)
 • The successful exploitation of new ideas. (Dept of Trade and Industry UK)
 • Change that creates a new dimension of performance. Peter Drucker (Hesselbein, 2002)

As pointed out by Richard Hudson[2], editor of Science|Business, " what is this thing that everybody in business is talking about ? It's the new plot, apparently, to another war-game from Electronic Arts. It's something that dairy farmers in Chile say they want. It's in the job title of a new executive at France's Schneider Electric. It describes a new prize for erotic art in Australia. It’s in countless corporate slogans. It's epidemic now in public policy, with many learned reports on nurturing it, identifying it, funding it or freeing it "

More over, Science|Business has invented its own index of technology markets : the " Innovation Index ". It's a very simple count of the number of times that the word " innovation " appears in business media… The Innovation Index. Viewpoints, 29 November 2006, R Hudson - The problem with innovation

In its post, Richard argues for the sake of innovative industries everywhere and opened a discussion forum for innovative alternatives to " innovation ".

Why should we continue to misuse the word " innovation " ? Do we have to don't use it anymore ? Do we have to find another word ?

I personally consider innovation as the process performing the equation : Innovation = Invention * Successful Exploitation.

But the discussion is open…

[1] Wikipedia.org
[2] Richard Hudson - The problem with "innovation". Science|Business, 29 November 2006

16:18 Posted by St Wojcik in Entrepreneurship | Permalink | Comments (1) | Tags: innovation |  Facebook |