The four partner regions will pool their competencies and experiences in the fields of entrepreneurship and innovation, thus achieving a multi competence effect. In particular, four special interest areas have been defined for in depth work.
This area deals with measures on how to stimulate and promote entrepreneurship. More specifically, approaches that allow the early detection of potential entrepreneurs as well as measures aimed at supporting them as individuals (e.g. training). New technology-based firms as organisations will be studied too. Specific attention will be paid to linking virtual and physical resources. Madrid partner, FCm+d, is committed to lead a working group with focus on entrepreneurship.
KSP is committed to lead a working group aiming at properly defining intellectual capital, operationalising it, and finding adequate measures to implement the concept of intellectual capital by providing supporting framework conditions.
Spreading innovation culture
Typically one strong leading centre dominates an entire region, in respect to reputation, to available resources, to focus of innovation policy etc. It is seen as a challenge to grow innovation value hubs besides the main centre with the ultimate objective of a multi-innovation hub region. Special emphasis will be paid to effectively linking regional and municipal initiatives. A working group will be headed by EEDA.
Early stage financing
WRS will lead a working group on early stage financing of technology based firms. Fields of special interest include the detection of suitable subjects for financial support, the demands on the respondents of financial support, the conditions enforced, the follow up, complementary resources provided etc.
The four themes strongly interlink with each other. An aspect of joint interest for all four fields is e.g. the distribution of responsibilities between the private and the public sector. What kind of services should the public sector provide itself; in what fields should it stimulate a private market?
The following figure illustrates how the outcomes of the four working groups will be refined and used in the process of the project.