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1/33 Ghent, 12 May 2009 iMinds Conference 2009
Closing the Innovation Gap
in Europe
How much can a crisis help ?
Bruno Lanvin Executive Director, INSEAD-eLab
2/33 Ghent, 12 May 2009 iMinds Conference 2009
Four points
• Innovation is under renovation
• Can Europe seize the opportunity ? – Will it have the muscle ?
– Will it have the brains ?
– Will it have the guts ?
• The growing significance of the local level
3/33 Ghent, 12 May 2009 iMinds Conference 2009
Three points
• Innovation is under renovation
• Can Europe seize the opportunity ? – Will it have the muscle ?
– Will it have the brains ?
– Will it have the guts ?
• The growing significance of the local level
4/33 Ghent, 12 May 2009 iMinds Conference 2009
(Source : WEF/Innovation 100)
5/33 Ghent, 12 May 2009 iMinds Conference 2009
6/33 Ghent, 12 May 2009 iMinds Conference 2009
7/33 Ghent, 12 May 2009 iMinds Conference 2009
8/33 Ghent, 12 May 2009 iMinds Conference 2009
Three points
• Innovation is under renovation
• Can Europe seize the opportunity ? – Will it have the muscle ?
– Will it have the brains ?
– Will it have the guts ?
• The growing significance of the local level
9/33 Ghent, 12 May 2009 iMinds Conference 2009
Distance to reach other side of the street (in meters)
Intensity of downpour
(in liters/second)
Estimated ground speed
of vehicles heading towards observer (in km/hour)
Anticipated velocity of pedestrian
crossing the sreet (in meters/second)
Can Europe seize the opportunity ?
10/33 Ghent, 12 May 2009 iMinds Conference 2009
Will Europe have the muscle ?
11/33 Ghent, 12 May 2009 iMinds Conference 2009
R&D Spending (private + public) as % of GDP
EU 27 1,82
12/33 Ghent, 12 May 2009 iMinds Conference 2009
Europe’s innovation on steroids ?
• Small Business Act
• Venture Capital
• Partnership
(I) = f ( SBA, VC, PPP)
13/33 Ghent, 12 May 2009 iMinds Conference 2009
Will Europe have the brains ?
14/33 Ghent, 12 May 2009 iMinds Conference 2009
15/33 Ghent, 12 May 2009 iMinds Conference 2009
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00
2.00 2.50 3.00 3.50 4.00 4.50 5.00 5.50 6.00
WE
F G
lob
al
Co
mp
eti
tiven
ess I
nd
ex 2
008-2
009 (
GC
I)
INSEAD eLab eSkills Readiness Index 2008 (eSRI)
eSRI average: 3.92
GCI average: 4.22
Skills matter to global competitiveness
Predicted
Actual
Global Competitive Index (GCI)
Eighty-four percent of the variation in
the WEF Global Competitiveness
Index is accounted for by the eSkills Readiness Index
© IN
SEA
D e
Lab 2009 – So
urce : IN
SEA
D/e
Lab d
atabase
and
rese
arch
16/33 Ghent, 12 May 2009 iMinds Conference 2009
Skill needs for a sustainable development in Europe
Literacy & Basic Skills (Math, Science, IT Literacy)
B
Occupational skills B-
Talents for the Global Knowledge Economy C
© INSEAD eLab 2009 – Source : INSEAD/eLab database and research
17/33 Ghent, 12 May 2009 iMinds Conference 2009
Europe’s Skill Challenge: Uneven but Widespread
A
B
C
D
E
© INSEAD eLab 2009 – Source : INSEAD/eLab database and research
18/33 Ghent, 12 May 2009 iMinds Conference 2009
R Countries Index
4 India 5.92
7 France 5.68
12 USA 5.60
16 Germany 5.44
17 Belgium 5.34
45 Spain 4.71
49 Italy 4.59
67 Estonia 4.33
77 China 4.16
81 Luxemburg 4.06
91 Slovenia 3.85
Availability of scientists and engineers
© INSEAD eLab 2009 – Source : INSEAD/eLab database and research
19/33 Ghent, 12 May 2009 iMinds Conference 2009
R Countries Index
1 Singapore 6.34
2 Belgium 6.29
6 France 5.71
11 India 5.38
14 Netherlands 5.27
43 USA 4.54
55 China 4.38
57 Italy 4.27
66 Spain 3.93
89 Portugal 3.43
Quality of maths and science education
© INSEAD eLab 2009 – Source : INSEAD/eLab database and research
20/33 Ghent, 12 May 2009 iMinds Conference 2009
Quality of education
Innovation performance 30 20 15 5 1
(NRI ranking in brackets)
1
5
10
15
20
25
30
25 10
SWE (2)
DK (1) NOR
(10)
FIN (4)
NED (6)
SUI (5)
CAN (11)
AUS (15)
UK (9) USA
(6)
NZ (21)
ICE (8)
AUT (17)
IRE (21)
GER (16)
Innovation and education in the world’s top 15 knowledge economies
© INSEAD eLab 2009 – Source : INSEAD/eLab database and research
21/33 Ghent, 12 May 2009 iMinds Conference 2009
crisis
time
overall demand
& skills supply
pre-crisis post-crisis
Without European Skills Pact
Skills shortage
Skills supply
Market/skills demand
With European Skills Pact
Two post-crisis scenarios
© INSEAD eLab 2009 – Source : INSEAD/eLab database and research
22/33 Ghent, 12 May 2009 iMinds Conference 2009
The way forward
• prevent talent drain during the crisis
• more maths & science
• seize the cleantech opportunity
• enhance openess and mobility
23/33 Ghent, 12 May 2009 iMinds Conference 2009
Will Europe have the guts ?
24/33 Ghent, 12 May 2009 iMinds Conference 2009
25/33 Ghent, 12 May 2009 iMinds Conference 2009
SIZE(*) matters • Build on success
• Focus resources • Be open
• Benchmark
• Encourage risk taking, multi-disciplinary work and bold innovation
(*) Special Innovation Zones in Europe
26/33 Ghent, 12 May 2009 iMinds Conference 2009
Innovation is a mindset
• A culture of innovation requires the recognition of the right to fail
• Incremental innovation can grow from specialization; disruptive innovation demands inter-disciplinarity, openness and collaboration
• A critical factor of innovation success is timing : time-to-market, agility are key
27/33 Ghent, 12 May 2009 iMinds Conference 2009
What are we waiting for ?
Indecision in times of crisis is more deadly than in normal times. Innovation will make the difference between the players who will be on the right/wrong side of the street when the weather improves and traffic grows again.
28/33 Ghent, 12 May 2009 iMinds Conference 2009
Three points
• Innovation is under renovation
• Can Europe seize the opportunity ? – Will it have the muscle ?
– Will it have the brains ?
– Will it have the guts ?
• The growing significance of the local level
29/33 Ghent, 12 May 2009 iMinds Conference 2009
The Power of Being Small
– Global connected hubs
– Small big players : Estonia, Singapore, Qatar
– Regions and municipalities as champions
30/33 Ghent, 12 May 2009 iMinds Conference 2009
31/33 Ghent, 12 May 2009 iMinds Conference 2009
32/33 Ghent, 12 May 2009 iMinds Conference 2009
The ABCDE of innovation-based competition
Excellence
- React swiftly to opportunities
- Infrastructure, networks
and hub positioning
- Open-mindedness
& multi-disciplinarity
- Local will to create, risk,
adapt and change
- Attract and retain talent
Agility
Desire
Cooperate
Be on the map