How to Measure Innovation

Ernest Beck reported in BusinessWeek, July 16, 2008, the National Endowment for Science, Technology & the Arts [NESTA], the independent British organization, is working on a new index to assess the state of innovation within specific industries.

" Since the 1970s, Britain's economy has made a dramatic shift from manufacturing to services, ranging from banking and finance to advertising and film production. But to date there's been no way to take stock of how innovative the companies and the industries actually are. Traditional methods of measuring innovation, such as the level of investment in research and development, don't tell the entire story.

" In an effort to more adequately measure innovation — and its impact on Britain's entire economy — NESTA, a nonprofit organization that promotes innovation, wants to create a new index, one that will be industry-specific and include what NESTA Executive Director Richard Halkett calls the changing, unreported face of innovation. "

NESTA's new Innovation Index is due in 2010.

More on >> BusinessWeek Jul.16, 2008.

17:45 Posted by St Wojcik in News EN | Permalink | Comments (0) | Tags: science, innovation, technology |  Facebook |


Brussels-Capital Region ranked first for HRSTC in Europe

The stock of human resources in science and technology (HRST) can be used as an indicator of the development of the knowledge-based economy in the EU. The core group of this population — known as HRSTC — can be considered as active stakeholders in the development of knowledge and technological innovation. This core group is often well represented in capital regions.

In the 2006 regions ranking with the largest shares of HRSTC among the regional labour force in 2006, Oslo og Akershus (NO) was the region with the highest proportion of HRSTC (33%) among the regional labour force. Stockholm (SE), Province Brabant Wallon (BE), Inner London (UK) and Utrecht (NL) followed with shares of between 27% and 28%. Thirteen of the 25 leading regions were capital regions. Belgian regions were more strongly represented than others.

Considering all economic sectors, the leading region in 2006 was Brussels-Capital Region (BE) with 29.1%. Berlin (DE) and Île de France (FR) followed with shares of 28.3%. In fact, the top eight regions were all capital regions.

More on Highly educated persons in science and technology occupations, Eurostat, 43/2008.


Science / Business news service point of view regarding the Seventh Framework Program (FP7)

As reported by Cordis news (Oct.10, 2006), Science / Business news service has launched a nine-point innovation manifesto intended to cut to the heart of where Europe is going wrong with its innovation efforts.

It includes recommendations on technology transfer offices, seed investment, fiscal incentives and patents.

In his introduction to the manifesto, Richard Hudson, editor and CEO of Science / Business, questions whether the next 'round of tech subsidies' - the Seventh Framework Program (FP7) - with its bigger budget, will be able to bridge the gap between the laboratory and the market place.

The manifesto states, among other recommendations, that technology transfer offices (TTO's) should be empowered in order to increase their revenue. Today, European TTO's make only 5% of the revenue made by their US counterparts.

This recommendation is in perfect accordance with those I already proposed. See Implementing Innovation Management in an University Technology Transfer Office, 2005.

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