Discussion: The entrepreneurial capacity of knowledge driven institutions for improving the competitiveness of regions
Introduction by Ludovit Garzik
Many economies invest heavily into their education and research ecosystem. In order to keep these investments the regional innovation system has to transform the knowledge into economic models to design products and services that have in the end macro-economic impacts and create the money that can be furthermore invested into new knowledge. Following the stream of money pouring in the knowledge ecosystem we should be able to find the best spots where to bridge the gaps to innovation: Universities, research institutions, as well as industry. Human capital working in these institutions seems not to be motivated to implement their knowledge. One of the key findings is that the majority stream of human capital getting available each year flows into career models that are risk averse and do not call for transforming the knowledge into innovation. The impetus for that development is to be found in the cultural framework of the respective ecosystem. The hypothesis is that the mindset of the management of the respective knowledge driven institutions plays a major role. Entrepreneurial spirit is inherited and transferred top-down and is therefore a major driver of the capacity of those institutions for improving competitiveness of regions.
Ludovit Garzik is Managing Director of the Austrian Council for Research and Technology Development (RFTE). Prior to this position, he worked for the Managing Board of the Austrian Research Promotion Agency and served as Head of Galileo Unit at the Austrian Space Agency. He holds a PhD from the Vienna University of Economics and Business Administration, an MBA from the Danube University Krems, and a Master of Science in Geodesy from the Technical University of Vienna. Ludovit Garzik is Guest Professor in Shanghai University. In 2015, he founded the company InnovationOrbit.com, which provides Executive Education programs for Innovation Culture in Africa, Asia, Europe and the USA.
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