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7 ways to boost digital innovation and entrepreneurship in Europe. Key messages from the European innovation policies for the digital shift project

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Abstract

This report attempts to summarise findings and conclusions of over 30 studies published within the EURIPIDIS project (European Innovation Policies for the Digital Shift). The objective of EURIPIDIS was to better understand how digital innovation and entrepreneurship work; to assess the EU's digital innovation and entrepreneurship performance; and to suggest how policy makers could make digital innovation and entrepreneurship in the EU work better. Because digital technologies facilitate the modernization of firms and economies, digital innovation and entrepreneurship requires a comprehensive policy response. The current report focuses on 7 issues. (1) Digital innovation and entrepreneurship require skills and capabilities ranging from technical, managerial and financial; entrepreneurial culture; failure acceptance; large funding and innovation-friendly regulatory environment. Capacity building and specific policies are needed in all those fields. (2) Resisting digital disruption and protecting the status quo is likely to be a short-term strategy. Negative social and economic effects need to be mitigated. (3) The ecosystem of digital innovation and entrepreneurship consists of a wide range of different players. Policy responses need to address this heterogeneity. (4) Digital innovation and entrepreneurship takes place through collaborative interactions between various players. To facilitate collaboration, knowledge flow and spillovers need to become a more central focus of public policies. (5) In addition to increasing funding for innovation, closer attention needs to be paid to the availability of funding for scaling-up of digital enterprises. (6) To guarantee technological interoperability and create technology-related network effects, coordination between various players to, for example, set technological standards is needed. (7) Technological complexity combined with the cumulativeness of digital innovation requires a balance between two conflicting goals: the provision of incentives to create new products and the stimulation of knowledge dissemination.

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  • Daniel Nepelski & Marc Bogdanowicz & Federico Biagi & Paul Desruelle & Giuditta De Prato & Garry Gabison & Giuseppe Piroli & Annarosa Pesole & Nikolaus Thumm & Vincent Van Roy, 2017. "7 ways to boost digital innovation and entrepreneurship in Europe. Key messages from the European innovation policies for the digital shift project," JRC Working Papers JRC104899, Joint Research Centre (Seville site).
  • Handle: RePEc:ipt:iptwpa:jrc104899
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    1. Martin Fransman, 2014. "Models of Innovation in Global ICT Firms: The Emerging Global Innovation Ecosystems," JRC Working Papers JRC90726, Joint Research Centre (Seville site).
    2. Andrea Renda, 2016. "Selecting and Designing European ICT Innovation Policies," JRC Working Papers JRC103661, Joint Research Centre (Seville site).
    3. Daniele Bondonio & Federico Biagi & Juraj Stancik, 2016. "Counterfactual Impact Evaluation of Public Funding of Innovation, Investment and R&D," JRC Working Papers JRC99564, Joint Research Centre (Seville site).
    4. Garry A. Gabison, 2015. "Venture Capital Principles in the European ICT Ecosystem: How can they help ICT innovation?," JRC Working Papers JRC98783, Joint Research Centre (Seville site).
    5. Auerswald, Philip E & Branscomb, Lewis M, 2003. "Valleys of Death and Darwinian Seas: Financing the Invention to Innovation Transition in the United States," The Journal of Technology Transfer, Springer, vol. 28(3-4), pages 227-239, August.
    6. Pontus Braunerhjelm & Ding Ding & Per Thulin, 2018. "The knowledge spillover theory of intrapreneurship," Small Business Economics, Springer, vol. 51(1), pages 1-30, June.
    7. Vincent Van Roy & Daniel Nepelski, 2016. "Assessment of Framework Conditions for the Creation and Growth of Firms in Europe," JRC Working Papers JRC103350, Joint Research Centre (Seville site).
    8. Alberto Di Minin & Chiara Eleonora De Marco & Cristina Marullo & Andrea Piccaluga & Elena Casprini & Maral Mahdad & Andrea Paraboschi, 2016. "Case Studies on Open Innovation in ICT," JRC Working Papers JRC100823, Joint Research Centre (Seville site).
    9. Stefano Comino & Fabio Maria Manenti, 2015. "Intellectual Property and Innovation in Information and Communication Technology (ICT)," JRC Working Papers JRC97541, Joint Research Centre (Seville site).
    10. Vincent Van Roy & Daniel Nepelski, 2017. "Determinants of high-tech entrepreneurship in Europe," JRC Working Papers JRC104865, Joint Research Centre (Seville site).
    11. Robert Gampfer & Jessica Mitchell & Blagoy Stamenow & Jana Zifciakova & Koen Jonkers, 2016. "Improving access to finance: which schemes best support the emergence of high-growth innovative enterprises? A mapping, analysis and assessment of finance instruments in selected EU Member States," JRC Working Papers JRC102928, Joint Research Centre (Seville site).
    12. Chryssoula Pentheroudakis, 2015. "Innovation in the European Digital Single Market: The Role of Patents," JRC Working Papers JRC96728, Joint Research Centre (Seville site).
    13. Leyden, Dennis Patrick & Link, Albert N., 2015. "Public Sector Entrepreneurship: U.S. Technology and Innovation Policy," OUP Catalogue, Oxford University Press, number 9780199313853.
    14. Jean Paul Simon, 2016. "How to Catch a Unicorn: An exploration of the universe of tech companies with high market capitalisation," JRC Working Papers JRC100719, Joint Research Centre (Seville site).
    15. Annarosa Pesole, 2015. "How much does ICT contribute to innovation output? An analysis of the ICT component in the innovation output indicator," JRC Working Papers JRC94372, Joint Research Centre (Seville site).
    16. Giuditta De Prato & Daniel Nepelski & Giuseppe Piroli, 2015. "Innovation Radar: Identifying Innovations and Innovators with High Potential in ICT FP7, CIP & H2020 Projects," JRC Working Papers JRC96339, Joint Research Centre (Seville site).
    17. Daniel Nepelski & Giuseppe Piroli & Giuditta De Prato, 2016. "European Start-up Hotspots: An Analysis based on VC-backed Companies," JRC Working Papers JRC101215, Joint Research Centre (Seville site).
    18. Annarosa Pesole & Daniel Nepelski, 2016. "Universities and collaborative innovation in EC-funded research projects: An analysis based on Innovation Radar data," JRC Working Papers JRC104870, Joint Research Centre (Seville site).
    19. Federico Biagi & Annarosa Pesole & Juraj Stancik, 2016. "Modes of ICT Innovation: Evidence from the Community Innovation Survey," JRC Working Papers JRC101636, Joint Research Centre (Seville site).
    20. repec:kap:jtecht:v:43:y:2018:i:3:d:10.1007_s10961-017-9624-6 is not listed on IDEAS
    21. Garry A. Gabison, 2015. "Birth, Survival, Growth, and Death of ICT Companies," JRC Working Papers JRC94807, Joint Research Centre (Seville site).
    22. Weber, Arnd & Haas, Michael & Scuka, Daniel, 2011. "Mobile service innovation: A European failure," Telecommunications Policy, Elsevier, vol. 35(5), pages 469-480, June.
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    Keywords

    ICT; digital economy; big data; innovation;

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