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• W1499665004 abstract "Denmark is boosting public research funding, fostering greater public-private research collaboration and establishing a number of strategic innovation centers in some of the world's leading technology hotspots as the tiny Nordic country scrambles to keep its economy buoyant and competitive. Like many other small, highly industrialized European markets, Denmark needs to find ways to tap, nurture and retain bright minds that can help it advance technologically and compete successfully with innovative products and services in a fiercely competitive global economy. Observers agree that globalization hasn't always been kind to this small country of just under 5.5 million inhabitants that is as dependent on exports as it is on experts. Danish policy-makers agreed in 2006 to a comprehensive strategy aimed at increasing the country's competitiveness. The strategy-Progress, Innovation and Cohesion-calls for significant hikes in spending on R&D, tighter collaboration between public research institutes and universities, and greater overall cooperation between public and private research teams. Among the more than 350 initiatives contained in the strategy is the establishment of technology centers in some of the world's innovation hotspots. Increased R&D Spending Between 2007 and 2010, Denmark has agreed to increase public research funding by 40 percent, from a baseline US$2.5 billion. A central objective of the government, which is also part of a larger European Union goal, is for the country's R&D funding to amount to 3 percent of its GDP by 2010, with the public sector contributing 1 percent and the private sector the rest. Denmark has begun merging its publicly funded R&D centers into its state-funded universities to create greater synergies and has taken steps to reform its public research funding scheme. More than 50 percent of all funds are now subject to open competition, compared to the traditional policy of allocating 100 percent through block grants. A larger portion of the funds is targeted at large, long-term research of strategic importance, including energy, health care and communications. More funding, around $20 million over the four-year period, is also available to spur greater public-private R&D partnerships, particularly among small- and medium-sized enterprises, which make up the backbone of Danish industry. Innovation Center Denmark Tucked inside the Danish government's sweeping revamp of its publicly funded research program is a small but prestigious group of technology outposts located in Palo Alto's Silicon Valley, Shanghai, China, and Munich, Germany. The international bases are part of the Innovation Center Denmark initiative funded by the Danish Ministry for Science, Technology and Innovation. The Innovation Center Denmark in Silicon Valley, launched in 2006, is the first of a handful of technology liaison offices intended to extend the efforts of the Danish government to establish contacts and partnerships with foreign scientists beyond its network of embassies and consulates. In 2007, a new center was established in Shanghai, with a third to open in Munich in the first half of this year. The innovation center in Silicon Valley has a mission similar to that of the Shanghai and Munich centers but not identical, according to Soren Nedergaard, technology and research attache at Innovation Center Denmark-Silicon Valley. the business side, we help Danish companies, make contacts with local startups, universities and venture capitalists, he says. We provide office space for six months while they decide whether or not to establish a beachhead in the Valley or elsewhere in the U.S. On the research and technology side, a top priority is to build partnerships and, ideally, joint research projects between universities in Silicon Valley and Denmark, with researchers spending time in each other's labs. One such partnership already exists, initiated earlier by the Danish Agency for Science, Technology and Innovation (DASTI), a unit of the science ministry. …" @default.
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• W1499665004 date "2008-05-01" @default.
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• W1499665004 title "Silicon Valley Outpost among 350 Initiatives to Boost Denmark's Tech Competitiveness" @default.
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