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

Digg it >>


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 >>


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


A broad-based innovation strategy for the EU

On Sept. 13, 2006 the European Commission has tabled a 10 point programme for action at national and European levels to foster innovation as a main asset of the EU economy. This will form the basis for the discussion by European leaders at the informal Summit due to take place in Lahti, Finland on 20 October 2006.

The programme points the way forward to accompany industry-led innovation with public policies at all levels as a core element of the renewed Lisbon strategy for growth and jobs. The Commission seeks to develop the concept of "lead markets" where public authorities, facilitate industry-led innovation by creating conditions for a successful market uptake of innovative products and services in a focussed way.

Primary targets are areas that respond to societal demands (e.g. areas such as transport or health, internal security, eco-innovation...). The Commission calls upon Member States to make the structural reforms necessary to deliver the results required. The Commission underlines that Europe does not need new commitments from Member States but political leadership and decisive action.

More >>


PME vs Grandes Entreprises

Ce sont toujours les grandes entreprises qui affichent la plus grande croissance en termes d'emploi et la plus grande valeur ajoutée en Belgique. C'est ce qui ressort du Panorama de l'économie belge 2004-2005 publié en juin 2006 par le Service Public Fédéral Economie, PME, Classes moyennes et Energie.

Selon le panorama, en 2004, le secteur privé comptait en Belgique 213.000 employeurs occupant 2.475.000 postes de travail. Les grandes entreprises[1] représentaient 3% des employeurs. Entre 2000 et 2004, l'emploi total a augmenté de 4,6 % (5,9 % et 2,9% dans les grandes entreprises et dans les PME respectivement) pour atteindre 1.432.500 postes de travail dans les grandes entreprises et 1.042.500 dans les PME.

La part des PME dans la valeur ajoutée totale de l'économie belge a atteint, en 2004, 28,7 %. Leur contribution majeure se situe dans les secteurs : (1) immobilier, location et services aux entreprises, (2) commerce de gros et de détail ; réparation de véhicules automobiles et d'articles domestiques, (3) construction, (4) industries manufacturières.


[1] Dans le panorama, les entreprises employant plus de 50 personnes sont considérées comme des grandes entreprises.

18:51 Posted by St Wojcik in Entrepreneurship | Permalink | Comments (1) | Tags: belgium, entrepreneur, pme, sme, entrepreneurship |  Facebook |

1 2 Next