Post by Spatial Foresight

Is Europe’s lack of competitiveness really due to insufficient research, or are we focusing on the wrong part of the innovation system? New blog post on the challenges of research commercialisation 👉 https://lnkd.in/dFFHBpqr The Nordic countries 🇩🇰 🇫🇮 🇮🇸 🇳🇴 🇸🇪 consistently rank among the world’s leaders in research, innovation and education. Yet they face many of the same commercialisation challenges as the rest of Europe 🇪🇺. In the blog post, we argue that the real bottleneck often lies in the transition from research to market. Commercialisation is not simply about more R&D funding or more venture capital. It depends on an ecosystem where universities, entrepreneurs, investors, public authorities and intermediary organisations work together effectively. Drawing on a recent Nordic Innovation study conducted by Menon Economics, MDI — Part of FCG and Spatial Foresight, the blog post explores: • why excellent research does not automatically become successful businesses; • the systemic barriers that prevent ideas reaching the market; • why commercialisation ecosystems matter as much as scientific excellence; and • what this could mean for Europe’s future Competitiveness Fund and Cohesion Policy. The Nordic experience suggests an important lesson for Europe: strengthening competitiveness is not only about producing more knowledge; it is about creating the conditions that allow knowledge to generate economic value. #NordicInnovation #Commercialisation #InnovationPolicy #Competitiveness #ResearchToMarket #InnovationEcosystems #Denmark #Finland #Iceland #Norway #Sweden   Erika Karttinen Jonas Erraia Juho Nyman Tommi Ranta Grétar Thór Eythórsson Luxinnovation GIE Startup Luxembourg WFG Ostbelgien VoG - Wirtschafts- & Regionalförderung Dr. Vanessa Hünnemeyer Gabriele Tatzberger