Question
Asked 27th Dec, 2018

How to support and activate innovation and entrepreneurship?

Locally operating business entities should be promoted by chambers of commerce.
Entrepreneurship and innovation should be supported by central and local government units of public administration.
In addition, investment funds should co-finance innovative investment projects characterized by a high level of innovation.
However, in the education system, the issue of promoting local entrepreneurship of innovation may be taken into account, indicating the high level of significance of this issue for the economic development of the local self-government economy as well as in the context of the national economy.
In view of the above, the current question is: How to support and activate innovation and entrepreneurship?
Please, answer, comments. I invite you to the discussion.

Most recent answer

18th Oct, 2021
Dariusz Prokopowicz
Cardinal Stefan Wyszynski University in Warsaw
Dear Phil Barbonis,
I'm in a hurry to answer. Well, the above-mentioned chambers of commerce are created by entrepreneurs running companies and enterprises operating within specific industries and sectors of the economy. In chambers of commerce, entrepreneurs are associated in order to jointly work out solutions to specific economic problems, develop new solutions and innovations, develop ways and methods of more effective implementation of innovations and ways of solving economic problems, and then submit these proposals to parliamentary circles, parliamentary teams of politicians and experts lobbying specific solutions. This is how a large part of the national and regional chambers of commerce in the country in which I operate operate. In individual countries, there are different chambers of commerce, they have different statutory goals, and have different functions and organizational culture. Maybe this results in a different interpretation of the role and importance of chambers of commerce in my and your statements.
Best wishes,
Dariusz Prokopowicz
4 Recommendations

Popular answers (1)

18th Oct, 2021
Dariusz Prokopowicz
Cardinal Stefan Wyszynski University in Warsaw
Dear Phil Barbonis,
I'm in a hurry to answer. Well, the above-mentioned chambers of commerce are created by entrepreneurs running companies and enterprises operating within specific industries and sectors of the economy. In chambers of commerce, entrepreneurs are associated in order to jointly work out solutions to specific economic problems, develop new solutions and innovations, develop ways and methods of more effective implementation of innovations and ways of solving economic problems, and then submit these proposals to parliamentary circles, parliamentary teams of politicians and experts lobbying specific solutions. This is how a large part of the national and regional chambers of commerce in the country in which I operate operate. In individual countries, there are different chambers of commerce, they have different statutory goals, and have different functions and organizational culture. Maybe this results in a different interpretation of the role and importance of chambers of commerce in my and your statements.
Best wishes,
Dariusz Prokopowicz
4 Recommendations

All Answers (12)

27th Dec, 2018
Emmanuel V Murray
National Bank for Agriculture and Rural Development
We need more specialised Professional Institutions to do this work.
1 Recommendation
27th Dec, 2018
Atun Roychoudhury
Cube bio Energy Pvt. Ltd.
Supporting startups and budding entrepreneurs is not at all an easy task. In most of the cases due to the plagiarism and manipulation attributed to the startup ideas, it's very hard to authenticate a new approach. Thus, the idea should be first evaluated and validated through a strict set of initial expert screening, if the idea successfully passes the stage one then it should undergo the process of prototype evaluation and risk assessment. Any idea without the availability of the prototype should not be entertained for the further perusal. Once the prototype found to be satisfactory, then the certification should be checked. After the successful evaluation of the concept, the candidate should be introduced to the panel of investors for face to face interaction who will consider the same for funding according to their area of interest. That's how a committee should be formed who will act as a bridge between the candidate and investors with complete transparency.
Hope this model could be a reliable one and solve the issue to the utmost.
1 Recommendation
27th Dec, 2018
Phil Barbonis
Dr Prokopowicz,
Interesting but rather vague question in my opinion. Your own answers raise more questions than they answer, I am afraid. Here is why (my comments are in block letters... I am not going to address each point you make -- I leave others to do that...):
Locally operating business entities should be promoted by chambers of commerce. HOW CAN THEY PROMOTE? WHAT EXPERTISE DO THESE CHAMBERS OF COMMERCE HAVE IN RELATION TO INNOVATION? They may have dealt with businesses, but how have they promoted entrepreneurship? And with what degree of success, if any?
Entrepreneurship and innovation should be supported by central and local government units of public administration. WHAT EXPERTISE DO ADMINISTRATORS HAVE IN RELATION TO ENTREPRENEURSHIP AND INNOVATION? CAN ANY PUBLIC ADMINISTRATOR RECOGNIZE THE USEFULNESS AND MARKET POTENTIAL OF AN INNOVATIVE STEP? AN INNOVATIVE STEP DOES NOT ON ITS OWN LEAD TO MARKET SUCCESS. MARKET SUCCESS IS DETERMINED BY THE PRODUCT, THE MARKET, THE COMPETITION, THE STATE OF TECHNOLOGY, ETC. I am unsure if public or civil servants have the ability that is required.
In addition, investment funds should co-finance innovative investment projects characterized by a high level of innovation. ON THIS POINT I DO AGREE. THIS IS WHY WE HAVE VENTURE CAPITALISTS.
I have more to say, but the above is my two cents.
1 Recommendation
5th Aug, 2020
Dariusz Prokopowicz
Cardinal Stefan Wyszynski University in Warsaw
Dear Emmanuel V Murray, Atun Roychoudhury, Aleš Kralj, Phil Barbonis, Thank you very much for an inspiring, interesting and substantively rich answer. Best regards, Have a nice day,
Dariusz Prokopowicz
5th Jan, 2021
Dariusz Prokopowicz
Cardinal Stefan Wyszynski University in Warsaw
When I asked this question at the end of 2018, the rate of economic growth was much higher than today. At that time, the key factors limiting economic activity on an international scale included the so-called trade wars. In 2020, on the other hand, the situation changed significantly. There was an economic crisis, a strong downturn, a recession in the economy, a drop in income and an increase in unemployment etc. due to the SARS-CoV-2 (Covid-19) coronavirus pandemic. Therefore, the above question concerning the key instruments of systemic support and activation of economic activity, stimulating entrepreneurship and innovation has acquired a new, stronger meaning.
In view of the above, what instruments of systemic support and activation of economic activity, stimulating entrepreneurship and innovation are the most effective in your opinion?
What instruments of interventionist, anti-crisis socio-economic, fiscal, budgetary, sectoral, monetary, Keynsian, etc. instruments were applied in 2020 in your country? How do you rate their effectiveness?
Please reply
Best regards,
Happy New Year 2021
Dariusz Prokopowicz
2 Recommendations
6th Jan, 2021
Amel Asmar Zaboon
University of Al-Qadisiyah
Supporting and activating innovation and entrepreneurship requires the following: - 1- Funding activities related to information and communication technology and using new information and communication technology 2- Reforming educational systems to meet the needs of the knowledge society, thus enhancing the spread of knowledge. 3- Take advantage of research and development. 4- Training and organizing work and sharing skills and knowledge for the purpose of raising productive capabilities. 5- Adopting new organizational methods in taking decisions to increase market shares and quality of goods
1 Recommendation
8th Jan, 2021
Dariusz Prokopowicz
Cardinal Stefan Wyszynski University in Warsaw
Thank you for your answer regarding the main methods and instruments of systemic support and activation of the development of innovation and entrepreneurship. This discussion shows that in many countries most of these instruments and methods of systemic support and activation of the development of innovation and entrepreneurship are similar and / or analogous. In the context of the current SARS-CoV-2 (Covid-19) coronavirus pandemic, the significance of systemic support and activation of the development of innovation and entrepreneurship is growing. In many countries, specific anti-crisis socio-economic policy intervention programs are currently being launched, one of the key objectives of which is to support and activate the development of innovation and entrepreneurship. It is necessary to increase outlays from the state finance system in order to develop systemic support and activate the development of innovation and entrepreneurship.
Best regards,
Happy New Year 2021
Dariusz Prokopowicz
1 Recommendation
15th Jan, 2021
Dariusz Prokopowicz
Cardinal Stefan Wyszynski University in Warsaw
Dear
Hassan Izzeddin Sarsak
,
Yes, I agree with your opinion on this issue. In terms of activating and supporting the development of entrepreneurship and invasiveness, grants awarded as part of financing innovative research and development projects, including a significant scale of financial aid, are important determinants affecting the level of innovation, entrepreneurship, and thus also economic development. Thank you for your response.
Regards,
Dariusz Prokopowicz
1 Recommendation
21st May, 2021
Dariusz Prokopowicz
Cardinal Stefan Wyszynski University in Warsaw
In connection with the economic crisis caused in 2020 by the SARS-CoV-2 (Covid-19) coronavirus pandemic, the importance of the above question: How to support and activate innovation and entrepreneurship? - has increased significantly. This question is still relevant, because in many countries anti-crisis and pro-development instruments for activating entrepreneurship, innovation, economic recovery, counteracting unemployment growth and consumption decline, etc. are currently being designed and implemented as key actions of interventionist socio-economic policies.
Greetings, Have a nice day,
Dariusz Prokopowicz
2 Recommendations
18th Oct, 2021
Dariusz Prokopowicz
Cardinal Stefan Wyszynski University in Warsaw
Dear Phil Barbonis,
I'm in a hurry to answer. Well, the above-mentioned chambers of commerce are created by entrepreneurs running companies and enterprises operating within specific industries and sectors of the economy. In chambers of commerce, entrepreneurs are associated in order to jointly work out solutions to specific economic problems, develop new solutions and innovations, develop ways and methods of more effective implementation of innovations and ways of solving economic problems, and then submit these proposals to parliamentary circles, parliamentary teams of politicians and experts lobbying specific solutions. This is how a large part of the national and regional chambers of commerce in the country in which I operate operate. In individual countries, there are different chambers of commerce, they have different statutory goals, and have different functions and organizational culture. Maybe this results in a different interpretation of the role and importance of chambers of commerce in my and your statements.
Best wishes,
Dariusz Prokopowicz
4 Recommendations

Similar questions and discussions

Related Publications

Conference Paper
For the engineering institutions and universities, the implementation of the students’ creativity, innovation and entrepreneurial abilities, has become imperative. According to our orientation, training model and development needs, combined with the our condition mainly administered by the students of engineering classes and economy & management cl...
Article
The world has been experiencing a paradigm shift from knowledge-based economies to innovation-based economies. Countries seek to transform their citizens from consumers to producers and from job seekers to job creators. The King Abdulaziz and his Companions Foundation for Giftedness and Creativity (Mawhiba) has responded to this need by encouraging...
Article
Full-text available
The general understanding equates entrepreneurship to self employment of any sort although entrepreneurship is more recognised by the manifestations of innovative change. Entrepreneurship is receiving more attention in the 21st century because of its potential to contribute to economic development and creation of employment. Entrepreneurship traini...
Got a technical question?
Get high-quality answers from experts.