Policy instruments
Discover the policy instruments that the partners of this project are tackling.
A means for public intervention. It refers to any policy, strategy, or law developed by public authorities and applied on the ground to improve a specific territorial situation. In most cases, financial resources are associated with a policy instrument. However, an instrument can also sometimes refer to a legislative framework with no specific funding. In the context of Interreg Europe, operational programmes for Investment for Growth and Jobs as well as Cooperation Programmes from European Territorial Cooperation are policy instruments. Beyond EU cohesion policy, local, regional, or national public authorities also develop their own policy instruments.
Within the San Sebastian “2030 Strategy”, Objective 5 focuses on "Economic Balance": Elaborate a Strategy for a more consolidated and developed of a Scientific and Innovative system in the city (5.1), Boost Bioscience and Health Industry in the city based on the current ecosystem, the potentialities and the private-public cooperation, opportunity in the technological transformation (5.3), advanced Entrepreneurship & employment (5.4).
This strategy is deployed through a multilevel approach:
- SKILL: The development of human capital.
- SCALE: The development of business projects and strengthening the business ecosystem.
- CONNNECT: the development of a local and global ecosystem of collaboration between different agents.
For 2022, FSS has established a set of strategic lines:
- To foster the skills and development of entrepreneurial culture for young people and researchers.
- To support the creation, promotion, growth and consolidation of innovative business projects, through specific services and financial support (especially for recently created start-ups in the health sector).
- To accelerate/scale up innovative business projects (technological or non).
- To consolidate a Talent attraction programme including facilities (talent House and Talent House 2).
- To provide infrastructures for economic activities (business centres and specialised business parks).
Partners working on this policy instrument
The Metropolitan Strategic Plan (MSP), established by Law 56/2014, is the policy and planning instrument for the social, economic and environmental development of the metropolitan territory, it defines the general, sectorial and transversal development aims for the whole metropolitan area and it identifies the priorities for intervention, the resources necessary for their pursuit, the time-frame and method of their implementation, in compliance with the principles of environmental sustainability. The MCT plays the fundamental role of adopting and annually updating the three-year strategic plan of the metropolitan territory.
The MSP 2021-2023 of the MCT presents a vision of Turin as an “augmented metropolis”. In particular, the aim of the new Plan is to put in place actions and interventions aimed at overcoming the social, economic and territorial marginalities in the metropolitan area, through the support to the digitalisation, innovation and competitiveness of the production system, with particular attention to micro and small enterprises.
The selected policy instrument is Strategy 1.3 “Stimulate innovation in the system of SMEs and micro-enterprises”: promoting "industry 4.0" actions complementary to national and regional ones, aimed in particular at micro-enterprises and SMEs by directing development towards aggregations and cooperation. It is part of the first axis of the MSP, which aims at augmenting the competitiveness, productivity and innovation of the territory.
Partners working on this policy instrument
One of the objectives targeted by the Local Economic Pact consists in following up and supporting Grenoble local unicorns towards a more resilient economy of the territory and a reinforced collaboration between the private industries and public authorities. This particular subtask aims at detecting, via an instrument called “the start-up observatory” a number of start-ups which produce several economic signals which are: important fund raise, important job growth, a significant turn over or the obtention of national and international awards.
We also use an IA database tool that helps us to obtain those economic success criteria. After identifying them, we aim at interviewing them in order to exchange on their demands and needs and how local public authority we can help them to growth through the networking, through the search of R&D public funding or real estate in order that those companies develop their production in our territory. By this mission, we want to become a supporter and actor of the start-ups scale up and we want to be identified by them as such. This mission emerged during the first pandemic crisis in march 2020 as we remark that a number of start-ups succeeded in their scale up and fund raising despite the economic crisis.
Today the GAM innovation service follow 93 “local unicorns” and especially we pay a great attention to pre industrialized start-ups so that they can create their production site in our territory.
Partners working on this policy instrument
The National Smart Specialization Strategy (ENEI 2030) constitutes a strategic reference for prioritizing public interventions in Portugal, aiming to coordinate public policy instruments and enhance their effects. It is a strategy that covers the full range of the innovation policy instruments, with a special focus on technology transfer and coordination between R&D and innovation policies. The rationale behind ENEI 2030 is to catalyse resources around strategic dimensions with the potential to promote Portugal in global markets. To achieve this, the strategy is implemented through collective building, within dynamic exercises, logics of smart specialization that are embodied in activities with the potential to induce structural changes.
The vision highlights the quality of life, the creative environment and scientific and innovative capacity as factors for attracting and retaining talent and business dynamics, which are therefore driving forces in a trajectory of growth and convergence. To this end, ENEI 2030 entails 6 priorities of a horizontal nature, namely, (1) Digital Transition, (2) Green Transition, (3) Materials, Systems and Production Technologies, (4) Society, Creativity & Heritage, (5) Health, Biotechnology and Food and (6) Forests, Ocean and Space. In each of these priority domains, business acceleration and technology transfer are core areas in which public policy intervenes in line with the RIS3, to scale up the economic and social value of R&D and innovation.
Partners working on this policy instrument
The purpose of the Law on Support for Start-ups is to promote the activities of start-ups in Latvia, which promote research, as well as the use of innovative ideas, products or processes in economic activities (commercialization of research products).
The law stipulates:
1) the criteria for granting the aid, as well as the procedure for the administration of the aid to the new enterprise;
2) qualification requirements for venture capital investors;
3) the procedure for the establishment and competence of the commission for the evaluation of the activities of new enterprises.
The Law creates a favourable tax regime for start-ups. The law foresees two benefit scenarios: 1) a special flat tax regime, currently 340,90 euros/month per employee, regardless of salary paid, combined with the 0% individual income tax rate, or 2) 45% co-financing for the highly qualified specialists.
The ecosystem of Start-ups in Latvia needs supportive and industry-developing regulation.
There are no priorities or measurements, it is more about criteria and procedures to get financial support, but not about aims which would be supportive for Start-ups. The main problem is that there is no plan on how to achieve better results. At the same time ecosystem is asking the government for some more specific strategies and plans, as the main argument is the need for planning.
Partners working on this policy instrument
1st Priority Axes – Enterprise Development and sub-priority 2.1.1 Enhancing sustainable growth and competitiveness of SMEs and job creation among SMEs, including through productive investment.
It will focus within the above specific objective on the
(1) Targeted competitiveness enhancement asset
which aims at businesses with significant growth or high growth potential, or which otherwise excel, to get provided with partnership-based, tailor-made business development services through a programme of excellence, with support for large-scale, complex improvements. For dynamic growth businesses, , in particular through the adaptation of the latest technological solutions, digitalisation, strategy, organisation and branding, product development and export market penetration
(2) Increasing trust and cooperation, introducing the agency model asset
which provides complex and partnership-based services and reaches out to a wider range of businesses requires the development of institutional capacity and the introduction of the agency model for enterprise development. This includes interactions between enterprises (virtual marketplaces, operation of registers); the relationship between SMEs and the development policy institutional system (applicant support systems, certification systems, launching knowledge enhancement programmes, development plans, cooperation with clusters, provision of training and mentoring services) and cooperation between institutional actors.