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Lessons for ICT Innovative Industries: Three Experts Positions on Financing, IPR and Industrial Ecosystems

Author

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  • Reinhilde Veugelers

    (Bruegel)

  • Bruno van Pottelsberghe

    (Bruegel)

  • Nicolas Véron

    (Bruegel)

Abstract

Why is it that European firms are less present as leading innovators in new ICT sectors? The most common factor raised in the literature to explain the differences in dynamic structure between the US and the EU is a greater willingness on the part of the US financial markets to fund projects in new sectors. The more fragmented nature of Europes product markets has also been cited as potential barrier to innovation in the region compared with the United States. For new sectors, this is particularly true of markets where early users are willing to take up and co-develop innovations. In addition, the lower exit and re-entry costs for firms and the greater mobility in the US labour market are factors which would encourage the emergence of new industries and new firms in the US. Nonetheless, part of the story is also the failure of the EUs innovation ecosystem to effectively link its innovation actors. The current report aims to help address these issues through the point of view of three separate experts - , by providing their specific understanding of emerging innovative ICT markets and what role government policy could play. Using an in-depth analysis of specific new emerging ICT technologies and markets and a detailed examination of the evidence for the ability of European firms to enter and grow into leading innovators in these sectors, the report identifies several implications for EU policy making on how to better leverage its innovation capacity in ICT markets.

Suggested Citation

  • Reinhilde Veugelers & Bruno van Pottelsberghe & Nicolas Véron, 2012. "Lessons for ICT Innovative Industries: Three Experts Positions on Financing, IPR and Industrial Ecosystems," JRC Research Reports JRC76458, Joint Research Centre.
    • Handle: RePEc:ipt:iptwpa:jrc76458
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    References listed on IDEAS

    as
    1. Eric J. Bartelsman & John Haltiwanger & Stefano Scarpetta, 2004. "Microeconomic Evidence of Creative Destruction in Industrial and Developing Countries," Tinbergen Institute Discussion Papers 04-114/3, Tinbergen Institute.
    2. Egil Juliussen & Richard Robinson, 2010. "Is Europe in the Driver's Seat? The Competitiveness of the European Automotive Embedded Systems Industry," JRC Research Reports JRC61541, Joint Research Centre.
    3. Corrocher, Nicoletta & Malerba, Franco & Montobbio, Fabio, 2007. "Schumpeterian patterns of innovative activity in the ICT field," Research Policy, Elsevier, vol. 36(3), pages 418-432, April.
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    More about this item

    Keywords

    Information and Communication Technologies; ICT; Innovation; Industrial ecosystem; IPR; Public and private financing; Innovation policy;
    All these keywords.

    JEL classification:

    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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