The prospects of entrepreneurship in the formation of new hi-tech markets in the Baltic Sea region :: IKBFU's united scientific journal editorial office

×

Login
Password
Forgot your password?
Login As
You can log in if you are registered at one of these services:
   
My faith is the belief that happiness will be given to humanity by scientific progress
Ivan P. Pavlov

DOI-generator Search by DOI on Crossref.org

The prospects of entrepreneurship in the formation of new hi-tech markets in the Baltic Sea region

Author Fidrya Yefim, Levina Roza
DOI 10.5922/2079-8555-2012-4-3
Pages 29-35
Article Download
Keywords small and medium businesses, new markets, hi-tech products, Baltic Sea region
Abstract (summary) The article offers an analytical review of the prospects for the formation of new hi-tech markets in the Baltic Sea region with the participation of small and medium businesses. In view of the essential features of entrepreneurship, its prospects in the development and implementation of innovations seem to be quite attractive. However, in the current economic context, growth requires special measures. The authors analyse the measures taken by the European Union and individual countries in order to strengthen the participation of small and medium business in R&D and innovation, describe conditions which are necessary for unlocking innovative potential, identify new industries that might become drivers of innovative economy in Europe. The authors also offer a country-specific list of basic markets, which can be developed by small and medium enterprises in a short-term perspective. In the structure of the Baltic Sea region a special position is held by the Nordic countries — Sweden, Norway, Denmark, and Finland  — major regional innovators, as well as a group of South-eastern regions that serve as innovation consumers. Best hopes rest with information and communications technologies and biotechnologies, which are expected to become the centre of major clusters of small and medium enterprises.
References 1. Daly, M. 2012, SMEs in HORIZON 2020 and support under WP2013. In: Unit "Communication" DG Research and Innovation EU Commission report.
2. Innovation in the Baltic Sea, 2011. In: Final Report to the European Commission, Directorate-General Regional Policy region. Technopolis group.
3. European High-Tech Industry Becomes Increasingly Marginalized, 2012, 24 September, available at: http://www. atkearney. com/news-media/news-releases/news-release/-/asset_publisher/00OIL7Jc67KL/content/id/646522 (accessed 25 September 2012).
4. IBM Continues Business Expansion in Poland with New Branches in Krakow and Poznan, 2012, 12 September, available at: http://www. equities. com/news/headline-story?dt=2012-09-12&val=471211&cat=tech (accessed 25 September 2012).
5. Jegelevicius, L. 2012, Bio-tech Baltics bridge connections and bring firstever Nobel Prize winner a step closer, The Baltic Times, 19 September, available at: http://www. baltictimes.com/news/articles/31877/ (accessed 25 September 2012).
6. The European Union Strategy for the Baltic Sea Region. Background and Analysis, 2010, Luxembourg, Office for Official Publications of the European Union. doi: 10.2776/18241.
7. Schwab, K. and all (ed.), 2011, Global Competitiveness Report 2010—2011, Geneva, World Economic Forum.

Back to the section