3 Barriers and Drivers Handout

DRIVERS OF INNOVATION

• MARKETS

  • Domestic customers

  • Access to international markets

  • Suppliers and value chains

  • Availability or cost of skills

  • Availability of cost of finance

  • Competitors

  • Technical or Voluntary Consensus Standards

  • Markets for knowledge

  • Digital platforms

• PUBLIC POLICY

  • Regulations

  • Functioning of courts and rules enforcement

  • Taxation

  • Public spending (level and priorities)

  • Government support for innovation

  • Government demand for innovation

  • Public infrastructure

  • General policy stability

• SOCIETY

  • Consumer responsiveness to innovation

  • Favorable public opinion towards innovation

  • Level of trust among economic actors

BarriERS OF INNOVATION

• Lack of internal finance for innovation

• Lack of credit or private equity

• Difficulties in obtaining public grants or subsidies

• Costs too high

• Lack of skilled employees within your enterprise

• Lack of collaboration partners

• Lack of access to external knowledge

• Uncertain market demand for your ideas

• Too much competition in your market

• Different priorities within your enterprise

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