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www.innostrateuropa.com
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Innovation Strategies Europa, a site that will track all types of technology-based innovation in today's EU of 27 countries, US$18,000 bn GDP, 490 mn population.
Start-ups, early stage companies, large organisations trying to keep up, entrepreneurs, senior executives, venture investors. Not just the usual IT, telecoms and media, also reporting innovations in green technologies, energy, transport, healthcare, building design and retailing.
Think that Europe has been an innovation wasteland for decades? Then you've missed the generation change that started kicking in 10 years ago.
In western Europe a wave of under 35 entrepreneurs with MBAs got the urge to start their own companies. The fading of their parents and grandparents generations seemed to remove some of the social stigma in continental Europe that hung over the sons and daughters of the professional classes starting their own businesses. The dotcom crash proved only a temporary damper.
EU national governments have finally come to accept that start-up clusters are key drivers of economic growth and employment. The European Commission too has performed a policy handbrake turn. Previously Brussels liked to keep life simple by consulting with big companies and bodies representing them. Now the impact of all proposed legislation on small and medium-sized companies is investigated.
In central Europe huge post-communist market opportunities combined with good technical education and massive EU membership funds have reignited entrepreneurial spirits.
Meanwhile large European companies have been driven to boost their homegrown innovation rates as traditional competitors from the USA and Japan have been joined by new rivals from India, greater China and Korea. Even European public bodies are being forced to embrace tech-based innovations to cut costs and meet the expectations of more demanding citizens.
Will today's financial crisis hurt the renaissance of European innovation? Yes and no. Yes, sources of finance will be tight for innovative young companies and new ventures by established firms. No, once the dust begins to settle: established companies need innovations to spark new sales; global problems, particularly climate change, demand radical solutions; and times of job losses tend to increase not kill entrepreneurship.
The Innovation Strategies Europa team will track the early stage European innovators, their investors plus larger company innovation programmes. The site will also track EU policy developments that impact innovation.
Innovation Strategies Europe is the brainchild of Philip Gallagher, who's worked for American, European and Japanese companies reporting and analysing tech-based innovation in Europe. During the 90s Philip launched Portman Communications and Technology+Media, specialist information companies tracking the spread of digital technologies in Europe. Both were acquired by Euromoney Institutional Investor. Philip is Editorial Director for CeBIT News magazines, published by Deutsche Messe of Hannover for its CeBIT fairs. He's also been acting Research Director EMEA for Guidewire Group of San Francisco.
Email us at: euroinno@fastmessaging.com
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