Jat consulting frost and sullivan

Panacea: The World’s Innovation HubKey challenges and solutions for the consideration of the Panacean Prime Minister’s Office

Cabinet Secretary Team: Nattawut Arunanondchai | Tan Kwan Hong | Vishal Jain

Sources of Innovation1

Five crucial factors that determine the innovativeness of a country

Institutions

Human Capital &

Market Sophistication

VISIONVISIONVISIONVISIONTo Become an Innovative Service-

Driven Export EconomyCapital & Research

Business Sophistication

Infrastructure

Sophistication

ObjectivesObjectivesObjectivesObjectives Current StateCurrent StateCurrent StateCurrent State SolutionsSolutionsSolutionsSolutions Action PlanAction PlanAction PlanAction Plan ResourcesResourcesResourcesResources ImpactImpactImpactImpact

Possible through INNOVATIONINNOVATIONINNOVATIONINNOVATION

Current State Analysis2

Where we are and where we want to be in the future

Components Components Components Components 1111 Desired Desired Desired Desired Outcome Outcome Outcome Outcome 3333

Institutions� Political environment� Regulatory environment� Business environment

� Strong, committed government � Effective law enforcement� Efficient interworking environment

Human Capital & Research

� Education� Tertiary education� Research & development

� 99% literacy rate* � Education covers all relevant skills� 2-3% of GDP spending on R&D**

ICT 25% broadband penetration***

Present Time Present Time Present Time Present Time 2222

� Strong & committed government � No information in the case study� Poor interworking of various M&As

� 76.8% literacy rate� Does not cover relevant skills� 1.6% of GDP spending on R&D

20.3% broadband penetration


* Benchmarked against Switzerland** Benchmarked against Switzerland & Singapore*** Benchmarked against Singapore

Infrastructure� ICT� General infrastructure� Ecological sustainability

� 25% broadband penetration***� 15 SEZs for services� Sustainable eco-development

Market Sophistication

� Credit� Investment� Trade & competition

� High availability of credit funding� Available funding mechanisms� 20% by 2020 and 25% by 2030

Business Sophistication

� Knowledge workers� Innovative linkages� Knowledge absorption

� Abundant knowledge workers� Abundant innovative linkages� 60% of import are high tech***

� 20.3% broadband penetration� Low no. Of SEZs for services � No information in the case study

� No information in the case study� Lack of SME funding mechanisms� 20.2% of exports from high tech

� Low no of knowledge workers� No formal linkages� 56.7% of import are high tech

1 Components derived from INSEAD Research2 Taken from Case Study3 Healthy Situation (based on existing country data)

The i4 Initiative3

Our solutions packaged into four distinct functions

SEZs for ServicesSEZs for ServicesSEZs for ServicesSEZs for Services Innovation Platform for ServicesInnovation Platform for ServicesInnovation Platform for ServicesInnovation Platform for Services

IIII4 4 4 4

SystemSystemSystemSystem

InnovateInnovateInnovateInnovate

InvestInvestInvestInvest4444

IntegrateIntegrateIntegrateIntegrate


SME Stock ExchangeSME Stock ExchangeSME Stock ExchangeSME Stock Exchange

Public Public Public Public CrowdfundingCrowdfundingCrowdfundingCrowdfunding International Standardization International Standardization International Standardization International Standardization Screening (ISS)Screening (ISS)Screening (ISS)Screening (ISS)

Central AgencyCentral AgencyCentral AgencyCentral Agency

SystemSystemSystemSystemInvestInvestInvestInvest

ImproveImproveImproveImprove

IntegrateIntegrateIntegrateIntegrate

UUUU----CitiesCitiesCitiesCities

Innovate4

How we can help foster innovation among industrial players

4444Invest

Innovate

Integrate

Improve

• Target high-technology and services sectors

• Tourism, Healthcare, and ICT

• Development towards a tertiary economy will attract FDIs

SEZs for Services SEZs for Services SEZs for Services SEZs for Services

• A Multi-stakeholder collaborative platform (SME/Individuals/MNCs/Universities) under each special economic zone

• Managed by SEZ Agencies that reports to the Government

• Begin with services-related R&D to fulfill Neo-Panacea Framework KPI

Innovation Platform for ServicesInnovation Platform for ServicesInnovation Platform for ServicesInnovation Platform for Services


SEZ Agencies

UniversityTalents

Industrial Professionals

IdeasInnovation

Real ExperienceKnowledge Transfer

Special Economic ZonesSpecial Economic ZonesSpecial Economic ZonesSpecial Economic Zones

• Fosters academic-industry collaborations on R&D projects

• Industry-education alignment in skills development

• Reduce asymmetric information for better resource allocation

Positive ImpactsPositive ImpactsPositive ImpactsPositive Impacts

• Companies’ reluctance to set up operations in Panacea � Unlikely, as Panacea is a big market with a lot of growth potential. Moreover, the supply of talent will be plenty with new initiatives from the government.

ConcernsConcernsConcernsConcerns

• Begin with services-related R&D to fulfill Neo-Panacea Framework KPI

Invest5

How we can assist in creating new funding opportunities

4444Invest

Innovate

Integrate

Improve

• Allows for SMEs to be listed with less stringent constraints than they would face on the main board

• Creates a platform to raise equity funding at an earlier stage

• Targeted investors are sophisticated enough to understand the risk of investing in SMEs

SME Stock ExchangeSME Stock ExchangeSME Stock ExchangeSME Stock Exchange


The Public

ExportMarket

Innovative Businesses

Rapid Product Commercialization

Funding MechanismsFunding MechanismsFunding MechanismsFunding Mechanisms

• Increases the investment options for retail and institutional investors

• Easier for SME to raise funding necessary for growth

• There can be more incentives for entrepreneurs to start businesses


• Early failures can affect the adoption rate � There is a list of criteria for companies to fulfill before being listed

• Investors who don’t understand the risks might come to invest and lose money � A minimum investment criteria is imposed


Public as Investors

Public as Crowdfunders

Domestic Market for Services

Invest (continued)6

How we can assist in creating new funding opportunities


4444Invest

Innovate

Integrate

Improve

• Citizens can elect to contribute 1% of their income taxes towards selected SMEs in exchange for benefits/equity/debt depending on the companies (Free market mechanism)

• Catered towards very young startups at the early stage where raising funds through other mechanisms is almost impossible

• Beneficiary details to be distributed via newspaper and websites

Public Public Public Public CrowdfundingCrowdfundingCrowdfundingCrowdfunding


The Public

ExportMarket

Innovative Businesses

Rapid Product Commercialization

Funding MechanismsFunding MechanismsFunding MechanismsFunding Mechanisms • Kickstarts innovative projects

• Makes it easier for socially good but not commercially viable projects to attain funding

• Easier to start a new business


• Few companies’ failure can affect the program’s adoption rate � There is a list of criteria for projects to pass before being considered eligible

• Crowdfunded companies do not honor the agreement � A regulatory board is set up to enforce companies to honor the promises

• Public not adopting the crowdfunding option � Unlikely. Tax payment is sunk cost, so instead of paying everything to government you can choose to give to a company and get something in return


Public as Investors

Public as Crowdfunders

Domestic Market of Services

Integrate7

How we can enhance interworkings between ministries and agencies and cut red tape

4444Invest

Innovate

Integrate

Improve

• Approvals/Permits don’t need to be applied for in Panacea if they are held by the same company in another “guaranteed country”

• This is similar to the Schengen Agreement

International Standardization Screening (ISS)International Standardization Screening (ISS)International Standardization Screening (ISS)International Standardization Screening (ISS)

• Approvals which cannot be gained through ISS will go through this Agency

• A “one-stop-shop” for companies requiring information or permit approvals

Central AgencyCentral AgencyCentral AgencyCentral Agency


ISSApprovals from Guaranteed Country

Central Agency

Cut Red tape &Enhance interworking

Integrated Interworking MechanismsIntegrated Interworking MechanismsIntegrated Interworking MechanismsIntegrated Interworking Mechanisms

• Reduce administrative barriers to entry for companies

• Create a business-friendly environment since day one

• Enhance collaboration between M&As and reduce red tape


• Unable to effectively reduce red tape � Unlikely. This initiative has been tried and tested in many other countries (Refer to Appendix 9)


approvals

• Board comprised of representatives from each ministerial department to coordinate efficiency-enhancing activities

Improve8

How we can improve our human capital

4444Invest

Innovate

Integrate

Improve

• Exist to foster knowledge creation between tertiary institutions and industry players to provide the development of a relevant skill set

• Create an ecosystem for interactions between individuals from various institutes and drive innovative thinking through competition

• The execution would be segmented into three different stages:

UniversityUniversityUniversityUniversity----Cities (UCities (UCities (UCities (U----Cities)Cities)Cities)Cities)

Digital Gap Physical Gap International Gap


Local University Staffs/Students

Pool of Knowledge

UUUU----CitiesCitiesCitiesCities• Increase the knowledge base in Panacea

• Enhance level of education

• Increase collaboration between local and overseas universities


• Low adoption rate in Phase 1 � Can be mitigated by having participating universities make it compulsory for students to do research based on the knowledge available in the online platform

• Students might not travel for joint research in Phase 2 � Can be mitigated by encouraging shared research facilities in different areas

• Overseas universities might not be interested in Phase 3 � By then, Panacea should be a vibrant economy with a lot of industrial players which can be attractive for overseas universities


Overseas University Staffs/Students

Experienced Professionals

Digital Gap Physical Gap International Gap

Solution Framework9

How we envision Panacea’s future innovation-driven framework

SME IndividualMNC(Local)

MNC(Foreign)

Panacean Innovation Platform for Service-based R&D

Universities (U-Cities)

University supplies skilled talent to companies for innovation

Foreign MNCs trainPanacean students

SEZ

One agency in each SEZ runs the platform in that SEZ

New TechSEZs

Special SEZs set up by govt. to provide a platform for innovation.

Primary beneficiaries who want to innovate


International Standardization Screening

Central Agency Approvals & IPApprovals & IP

Innovation

Citizens

� Crowdfundingvia tax redirection

Private Sector

� SME Stock exchange

SEZAgencies

Funding Funding

Timeline10

How and when our initiatives will pan out

Click here for detailed Timeline including KPI and

Individual Workflows

SME Exchange trading begins

Central Agency’s operations begin

YEAR ENDED 2014YEAR ENDED 2014YEAR ENDED 2014YEAR ENDED 2014

Final phase of U-Cities completed

YEARS 2025YEARS 2025YEARS 2025YEARS 2025----2028202820282028

2012 2013 2014 2015 2016 2017 2018 2019


International Standardizational

Screening established


Local U-Cities operations begin

(Phase 2)

SEZ and Innovation Platform Agencies begin operations


2012201220122012

(Present(Present(Present(Present))))

Digital U-Cities’ operations begin

(Phase 1)

Public Crowdfundingbegins

�Handles I4 Committee� Ensures NPF initiatives are fulfilled�Monitors public sentiment

Organizational Structure11

How the government offices would handle different solutions

Prime Minister

I4 Committee

Oversees all

Central Agency Board

Deputy

Minister of Finance

Public Crowdfunding

Minister of Trade and Investment

Director of

Minister of Education

University


Oversees all projects and reports to Prime Minister for checks and balances

� Manages International International International International Standardization Standardization Standardization Standardization Screening Screening Screening Screening operations

� Updates the system every year with new countries

ISSCommittee

� Oversees Central Central Central Central Agency Agency Agency Agency operations

� Acts as point of contact for escalation

Deputy General of Central Agency

� Solely responsible for SME ExchangeSME ExchangeSME ExchangeSME Exchange Board

� Manages application and approval system for potential listings

� Manages the private partners

SME Exchange Corporation

CrowdfundingCommittee

� Solely responsible for Public Public Public Public CrowdfundingCrowdfundingCrowdfundingCrowdfunding

� Selects a list of projects to receive crowdfunding

Director of PanaceanEconomic Zone Authority

� Directly in charge of maintaining Services SEZsServices SEZsServices SEZsServices SEZs

� Compiles monthly performance reports for Minister of Trade and Investment

SEZ Agency Deputies

Each deputy manages an SEZ agency which facilitates the innovation platform innovation platform innovation platform innovation platform and

manage the private partners

University Governing Board Committee

�Manages foreign universities

� Strategic planning for UUUU----CitiesCitiesCitiesCities

U-City Director(s)

Each director runs his/her own UUUU----CityCityCityCity and reports to UGBC

Risk Environment12

The four major risks we foresee and how we can manage it

Mitigating Mitigating Mitigating Mitigating Implementation RisksImplementation RisksImplementation RisksImplementation Risks

�Document before proceeding

�Utilize reputable subcontractors

�Purchase insurance beforehand

� Ensure clear communication

Implementation RisksImplementation RisksImplementation RisksImplementation Risks

Risk that the projects won’t go as planned. This includes set-up and

operational failure

Political RisksPolitical RisksPolitical RisksPolitical Risks

Risk that political will is not strong enough to maintain the i4 initiatives

Mitigating Political RisksMitigating Political RisksMitigating Political RisksMitigating Political Risks

�Binding contract between govt. and contractors

�Agreement between bicameral parties1 2


communication

Mitigating Market RisksMitigating Market RisksMitigating Market RisksMitigating Market Risks

� Increase domestic consumption. Reduce reliance on global econ.

�Run a stress test semiannually

How to monitor the success of each initiativeHow to monitor the success of each initiativeHow to monitor the success of each initiativeHow to monitor the success of each initiative

Establishment of an inter-ministrial committee (i4 committee) which oversees the execution of all projects and reports directly to the Office of the Prime Minister

Market RisksMarket RisksMarket RisksMarket Risks

Risk that the world volatility will adversely affect the i4 initiatives

Liquidity RiskLiquidity RiskLiquidity RiskLiquidity Risk

Risk that cash flows will be insufficient to cover the costs of maintaining the i4 initiatives

Mitigating Liquidity RisksMitigating Liquidity RisksMitigating Liquidity RisksMitigating Liquidity Risks

� Establish emergency reserves for future

� Lock in long-term interest rates

34

Resource Requirements13

What you will need to commit to get the work done

InitiativesInitiativesInitiativesInitiativesCapital InvestmentCapital InvestmentCapital InvestmentCapital Investment(millions of USD)(millions of USD)(millions of USD)(millions of USD)

Source of FundsSource of FundsSource of FundsSource of Funds Funding Funding Funding Funding MechanismMechanismMechanismMechanism

International Standardization Screening

0.5 Public Equity

Central Agency 62 Public Equity

SEZ for Services 53,909 PPP Equity + Debt

Innovation Platform for Services 274 Public Equity

Public Crowdfunding 21,950 Public Equity

SME Exchange 671 PPP Equity

U-Cities 10,642 Public Equity + Debt

Notes:Notes:Notes:Notes:1. From our calculations, there will be enough budget surplus each year to commit to most initiatives2. The cost here includes the investment cost and the operation cost accrued over a 18 year period3. Consult attached .xlsx file for elaboration on stated figures


Impact Assessment14

What the economic and social impacts are and how we can curtail them

Key Perform

ance Indicators

Economic

Impact

Social Impact

� Create a net benefit of $183Bn USD for the economy

� SEZs would be able to increase the employment level of the country

� ISS should help increase the productivity of foreign companies

� U-Cities will increase the education level of the population as a whole

� U-Cities will create a knowledge spillover effect and encourage more sharing of knowledge between different entities (e.g. industries and institutions)

� Public Crowdfunding would induce a sense of ownership in each citizen

Key Perform

ance Indicators

Innovation

Factor

Impact on

Business

Creation

Impact on

Budget

Deficit

� All the initiatives in synergy will enhance R&D spending from the industry and academia

� All the initiatives will increase the export of Panacea’s services and technology R&D� Attractive FDI would create knowledge a transfer network to bolster innovation

� Public crowd funding will help support startups financially in the early stage� By reducing red tape, it would be easier to start a business.� The SME Exchange will help small businesses raise early stage equity capital� The SEZ Innovation Platform will encourage entrepreneurship directly

� By doing PPP for many of the big initiatives, the government would be able to limit its involvement in running those initiatives

*Note: All calculators for Impact Assessment can be found in the attached .xlsx document


Impact Assessment15

Real Cumulative Value Added to the Economy

$200,000.00

$250,000.00

$300,000.00

Worst Case

(in USD millions)

$88 $88 $88 $88 BnBnBnBn

Present Value of the Lifetime Cost (until 2030)

$271 $271 $271 $271 BnBnBnBn

Present Value of the Cumulative Benefits Added to Economy (until 2030)

$183 $183 $183 $183 BnBnBnBn

Net Present Value Added to the Economy by the i4

Initiatives

210%210%210%210%

Return on Investment over 18 years

Numbers at a

Glance*


$(100,000.00)

$(50,000.00)

$-

$50,000.00

$100,000.00

$150,000.00

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Worst Case

Moderate Case

Best Case

Moderate Case Assumption:

• Annual GDP Growth at 5 - 6% on

average

• Cost is as projected

Worst Case Assumption:


average• Cost is 20% higher than projected

Best Case Assumption:


average

• Cost is 10% lower than projected

Your Future16

The future of Panacea

2012

• 25% Services/GDP

• $1,000 GDP/Capita

2030



2022




DiscussionLet us know if you want to see any previous slides or our Appendices

Appendix 1: Your Cabinet Secretary TeamAppendix 1: Your Cabinet Secretary Team

Appendix 2: Complementary SolutionsAppendix 2: Complementary Solutions

Appendix 3: Risks for SEZAppendix 3: Risks for SEZ

Appendix 4: Risks for Public CrowdfundingAppendix 4: Risks for Public Crowdfunding

17

Appendix 5: Listing Criteria for SME Stock ExchangeAppendix 5: Listing Criteria for SME Stock Exchange

Appendix 6: Listing Criteria for Public CrowdfundingAppendix 6: Listing Criteria for Public Crowdfunding

Appendix 7: Framework for Global Innovation IndexAppendix 7: Framework for Global Innovation Index

Appendix 8: KPI for Individual InitiativeAppendix 8: KPI for Individual Initiative

Appendix 9: Examples of Demonstrated Efficiency Measures for the Interworking of Ministries and AgenciesAppendix 9: Examples of Demonstrated Efficiency Measures for the Interworking of Ministries and Agencies

Thank you for the opportunity. We welcome any questions you may have for us.Thank you for the opportunity. We welcome any questions you may have for us.Thank you for the opportunity. We welcome any questions you may have for us.Thank you for the opportunity. We welcome any questions you may have for us.

Your Cabinet SecretariesThe faces behind the ideas

Nattawut Arunanondchai | ThailandSingapore Management UniversityBachelor of Science (Economics)Key Achievements:

• Co-Founder and Managing Director of Casetomise Pte Ltd • Winner of Credit Suisse Q2C Competition and Delta Partners Case Competition

Vishal Jain | ThailandSingapore Management UniversityBachelor of Business ManagementKey Achievements:

• Awarded Deans List placement (‘09,’10,’11) and Krishna Exchange Scholarship• Held two strategy-based positions in Fortune 500 company

Tan Kwan Hong | SingaporeSingapore Management UniversityBachelor of Science (Economics)Key Achievements:

• Awarded with 3 Scholarships, 2 Student Life Awards, and 2 Youth Awards• Co-Author of SIAS Investment Guide Book

Thank you for the opportunity. We welcome any questions you may have for us.Thank you for the opportunity. We welcome any questions you may have for us.Thank you for the opportunity. We welcome any questions you may have for us.Thank you for the opportunity. We welcome any questions you may have for us.

• Increase tax holidays for specific innovative industries to encourage net FDI inflow

• Allocate short-term government subsidies to increase imports of high-tech goods and services that can increase manufacturing capacity

• Set up global trade offices for effective liaising with global business entities

• Seek alternative forms of government revenues to maintain a healthy tax environment

AdoptIntelligent

Government Intervention

AdoptIntelligent

Government Intervention

Complementary Solutionsi

Solutions to Compliment Panacea’s Future Innovation-Driven Framework

environmentInterventionIntervention

• 5 Seaports of non-international standards: Promote these ports to that of international standards to support SEZs throughout the island, and for future SEZ locations

• Increase Railways and Roadways connecting main SEZs and U-Cities

Develop Solid InfrastructuresDevelop Solid

Infrastructures

Panacea: The World’s Metropolis | 18/02/2013 | JAT ConsultingAppendix 2Appendix 2Appendix 2Appendix 2

•Major foreign universities (Harvard, etc) will be invited to set up university cities.

•Enhance inter-university collaborations on research and innovation

•This increase competitiveness will give rise to innovation and will supply talent to the innovation platform too, thus providing a world-class education while benefitting the country.

Enhance Competitive Knowledge

Creation

Enhance Competitive Knowledge

Creation

Complementary SolutionsSolutions to Compliment Panacea’s Future Innovation-Driven Framework

ii

CreationCreation

•Increase ease of getting credit

• Increase Domestic Credit to Private Sector (% of GDP)

•Enhance cross-border credit flows to reduce reliance on precautionary savings

Enhance Financial Services

Enhance Financial Services

Panacea: The World’s Metropolis | 18/02/2013 | JAT ConsultingAppendix Appendix Appendix Appendix 2222

• Ensure opportunities for population below poverty line: 28.9%

• Reduce risks of widening Gini Coefficient

Ensure Adequate

Safety Nets

Ensure Adequate

Safety Nets

Complementary SolutionsSolutions to Compliment Panacea’s Future Innovation-Driven Framework

iii

Safety NetsSafety Nets


Risks for SEZsWhat specific risks there are any how we can counter them

Risk: Companies don’t want to come to SEZ

Our Response: There are two drivers why a company would want to set up a

base in another country:

1. Access to Talents Pool

2. Attractive Market2. Attractive Market

With our U-Cities and 24 new vocational institutes to be set up, we believe

that we can have a good pool of talents.

Moreover, by the time SEZ is completed, the GDP is expected to reach $1

trillion which is roughly the same size as today Korea (a technology hub). So

companies should find it attractive to go into the country.


Risks for Public CrowdfundingWhat specific risks there are any how we can counter them

Risk A: No adoption � Free market so no reason why no one would take it.

Tax payment is sunk cost, so instaed of paying everything to gov you can

choose to give to a company and get something in return. Marketing to be

done from government and smes who are listed as well. Worst case scenario

no one uses, but its not a major cost center, and smes will still apply to use

the system for the slightest amount of income they can receive.

Risk B: Company fails � Firstly, the government chooses company to be

featured thus lowering the risk. Secondly, there is a regulatory board to

ensure the funded companies carry out their promises on the usage of funds

and the benefits in kind.


Listing Criteria for SME ExchangeWhat needs to be submitted by SMEs in order to be listed on the exchange

Listing Criteria for SME Exchange

Quantitative CriteriaNet working capital of $10,000 USD. Revenues must not exceed $1,000,000 USD per annum.

Shareholding Spread Atleast 30% of the shares issued must be held by 500 different entities.

Operating Track Record At least 1 year

Sponsor RequirementSponsorship required. An institutional investor with at least 20% stake in the candidate must apply for a sponsorship permit on behalf of the candidate. The sponsor will assume all liabilities in event of any unfilfilled obligations.

Accounting Standard Panacean or US accounting standards

Offer DocumentAn annual report for the first year (or more, up to 5 years) of operations must be submitted for consideration.

Audit Check Government approved auditor’s report.

Moratorium Period

For pre-IPO investors who obtained their shares within 12 months from IPO date, the capital gains portion of their shares will be subjected to a moratorium period of 12 months after the IPO.

The capital gains portion is defined as the number of shares derived from the difference between the cash paid by the investor for the shares and the value of the shareholdings based on the IPO price.


Criteria for Public CrowdfundingWhat SME’s need to submit to the government to be eligible to be chosen

A company seeking candidacy for the Public Crowdfunding platform must meet the following admission

requirements. All the following factors will judged on a 10-point scale and top submissions will be selected.

(1) Registered Company

Only a registered company may apply to be listed on the public crowdfunding platform. Individuals

may not apply.

(2) Innovativeness Factor

The applying company’s project should not violate any IP rights of any other entities in Panacea or The applying company’s project should not violate any IP rights of any other entities in Panacea or

otherwise. The suggested use of funds (project) must be innovative in its

approach, design, features, etc. The level of innovativeness will be determined by an independent

panel of judges.

(3) Feasibility of the Project

The project plan and benefits must be achievable within three (3) years after public crowdfunding.

An independent feasibility report must be submitted detailing all, but not limited to:

operational, economic, management, and benefit feasibility.

4) Team composition

The team must have the skill set, or must hire a specialist to complete the outlined goals.

5) Company financials and investor profiles

The company, its managers, and its investors must not have any civil or criminal records in Panacea

or any other country.


Framework for Global Innovation IndexHow can Innovativeness be Measured?

Source: INSEAD Business School: http://www.globalinnovationindex.org/gii/main/framework.html


TimelineHow and when our initiatives will pan out

KPI: International Universities establish local base (Phase 3) for U-Cities

KPI: Physical infrastructure (Phase 2) of U-Cities is completed in major areas

KPI: Number of patents from SEZs and number of new businesses set up in SEZs increases by 10% yoy

KPI: Average lead time for R&D license approval decreased by 50% within one year of agency opening.

KPI: Total amount of money invested through SME Exchange exceeds $100M USD

KPI: 30 LOIs from potential companies planning on joining new Technology SEZs

KPI: 20 LOIs from companies who wish to be listed on SME Exchange

KPI: Capital generated from public crowd-funding exceeds $500M USD after one year of operations

KPI: Number of companies with approved licenses increased by 50%

KPI: Online platform (Phase 1) of U-Cities is launched

KPI: Budget for all initiatives approved

Key Perform

ance

Key Perform

ance

Key Perform

ance

Key Perform

ance

Indicators

Indicators

Indicators

Indicators

LEGEND

Competitive Knowledge Creation (U-Cities)

International Standardization Screening (ISS) and Central Approvals Agency

Technology SEZs and Innovation Platform

Public Crowdfunding Platform

SME Stock Exchange (Named: SME Exchange)

Click here to return to simplified Timeline

2012 2012 2013 2014 2015 2016 2017 2018 2019 …

• Begin Public Crowdfunding• ISS Introduced in Panacea

Research on International Standardization Screening System (ISS)

Establishment of a Central Agency which issues licenses/approvals

Sourcing for renown universities

Physical Linkages

Clustering

Determine areas (near U-Cities) for new Technology SEZ and source for companies/FDI into SEZs

Construction of Technology SEZs begins

Establish infrastructure for Public Crowdfunding and select SMEs to receive funding

Establish infrastructure for SME Exchange

Source for companies to be listed

Construction of SME Exchange Office

• Begin SME Exchange Operations• Central Agency begins operations

and government suspends licensing

• Local U-Cities operations (Phase 2) begins

• SEZs and innovation platform agencies begin operation

Completions

Completions

Completions

Completions

Individual Project W

orkflows


orkflows


orkflows


orkflows

• Final Phase of U-Cities completed in 2025-2028

Appendix Appendix Appendix Appendix 7777Panacea: The World’s Metropolis | 18/02/2013 | JAT ConsultingAppendix Appendix Appendix Appendix 8888

Central AgencyHarnessing the Inter-Workings of Ministries & Agencies

SpainSpainSpainSpain

�Handled by the Ministry of the Presidency�Appoints spokespersons from each Ministerial Department to co-ordinate reduction activities

�Spokesperson from the Service Inspection division, which is a horizontal body

�A high-level group chaired by the first vice-president leads the process

The NetherlandsThe NetherlandsThe NetherlandsThe Netherlands

�Budget instructions contain specific obligations to report on red tape reductions

�Ministries threatened with budget cuts if they fail to achieve targets

� This clear link to the budget cycle has the advantage of encouraging decisions over how to finance burden reduction projects such as ICT investments

DenmarkDenmarkDenmarkDenmark

�Working groups set up to prepare action plans

� 25% target red tape reduction divided across ministries

�Prime Minister’s commitment to simplification put pressures on ministries

�Performance appraisals on Permanent Secretaries takes into account their Ministries progress, and determines bonus


Documents

Jat consulting frost and sullivan