Innovation and management of technology supporting growth in Europe
By Jörg Rocholl, President, ESMT
One of the many critical steps for Europe to return to growth is to increase support for innovation through investment in research and development (R&D). The EU’s growth strategy, Europe 2020, reiterates the need for combined public and private investment levels to reach three percent of the EU's gross domestic product (GDP) as well as better conditions for R&D and innovation. This three percent target was in fact originally set by the Barcelona European Council in 2002 with the objective of achieving this investment by 2010. Despite this long-held target, the EU is failing to invest the planned amount. Meanwhile many of Europe’s competitors are continuing to outspend us in this area. According to the recently published 2014 Global R&D Funding Forecast of Batelle, Europe lags behind Asia and the Americas. Total investment in R&D (as a percentage of GDP) sees 2.5 percent for the Americas, 1.9 percent for Asia, and 1.8 percent for Europe. As to far-reaching projections, the growth of China’s R&D budgets will outpace those of the United States and Europe by the year 2020.
Against this background, ESMT has further reinforced one of its key research areas, that is, the management of technology. In this area, ESMT is delivering vital research and programs, and collaborates with management teams in key industries through a number of practice groups. Joe Peppard, whose research and teaching is in the area of information, information systems, and technology joined ESMT in September 2013, and leads the newly established practice group Information and Communications Technologies. The practice group Technology-Based Industries has produced case studies in cooperation with partners from the industry.
In November 2013, Linus Dahlander, an associate professor at ESMT, was named the holder of the newly established KPMG Chair in Innovation, a chair created to specifically support teaching and research in the area of innovation processes. Linus Dahlander investigates the type of networks emerging between people in innovation processes, as well as how they influence success in innovation.
The research of Stefan Wagner focuses on patenting and licensing or protection, and economic exploitation of intellectual property. Simon Wakeman examines technology commercialization strategies for startup innovators. Olaf Plötner concentrates on strategies and counter strategies in global B2B markets. In this issue of the ESMT Update, we also feature a posthumous publication from our former, and very dear colleague, Mario Rese, whose research paper on the interplay between external collaboration partner types, inter-firm governance modes, and internal R&D is forthcoming in the prestigious Journal of Product Innovation Management.
I hope you enjoy the pertinent articles in this newly designed ESMT Update.
I wish you a successful 2014.