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INTRODUCTION
Theres a whole new world of innovation opportunities opening up for a company.. If you know where to look. There are dozens of countries offering sponsor programs to appeal innovative enterprises to their home territories.
Examples
Singapore offers tax relief, employee training, and R&D grants to life sciences firms that locate there. India provides talent management for some of the worlds most sophisticated technology development work. Finland is becoming a global center for innovative design.
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To take advantage of , identify which countries offerings best fit your companys innovation strategy. Be prepared to mix and match. Example, Nile Therapeutics, a biopharmaceutical rm, uses intellectual property from Italy and conducts clinical tests in Eastern Europe.
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3) Innovation as a national agenda nations increasingly embrace innovation as a national priority 4) Power of networks global networks are becoming increasingly intertwined.
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Singapore donated 2.6% to 3% of
GDP to life sciences by 2010, despite the economic downturn.
Key Players: GlaxoSmithKline (GSK)Centre for Research in Cognitive and Neurodegenerative Disorders Novartis- Institute for Tropical Diseases
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China, currently the worlds center of outsourced manufacturing, will be the next hub of brute force innovation.
Key Players: Microsoft
Model 3 Hollyworld
What is a Hollyworld Forming a global creative class As more smart entrepreneurs gather in one place, the more attractive that place becomes to other like-minded people. (Silicon Valley effect) Developing an inviting innovation destination
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Examples: India Indian Institutes of Technology grads merged with Indian US Tech school grads Supports and benefits from outsourcing Singapore Funding lifescience grad students.
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Example: Finland Focus on education, science, & technology (Aalto university) -Finland enjoys a well-run innovation system beneting from strong governmental stewardship.
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Mix & Match: Choose from among the following models and/or blend country and corporate strategies
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