Global Summit of Innovation Economy Creators April 17 -20 2012 Moscow
WELCOME Lundavision Ldt. Sven-Thore Holm, CEO
Facts about Sweden • Total population 9 million • GDP 40. 000 USD • R&D 3. 6% of GDP ( second in the World)
Innovation/Commercialisation Structure of Sweden § Department of Industry/Education § VINNOVA – R&D § Universities, Institutes, Industry § Innovationsbron AB – commercialisation § Investment Fund of Sweden – financing § ALMI – financing/business development SME § Private Venture Capital
How can innovations be turned into business and economic growth? 1. Acknowledge that a full scale innovation system must be a vital part of modern infrastructure 2. Political commitments on all levels
Creation of a Working Innovation Chain Feedstream Coaching Soft financing Patent/licensing Equity
Physical Structures • . Incubators with professional business and educational support • . Science Parks
Equity • . Creation of professional early stage equity structures • . Based on private and public money
Bridging the Financing Gap – A System for Developing Brilliant Ideas to Commercial Success
Conclusions National Innovation strategy Professionalized innovation structure Capital system with limited risks
Thank you for listening!
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