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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!
