1. Innovate & Inspire
Team Name: Dig this…
Team Leader: Gayathri Kamarajan (Anna University, India)
Team Members: Prashanth Prakash (Anna University, India)
Selected EE : Slovenia
Country

2. EASTERN EUROPE(EE)
 After analyzing the Macro Economic condition things were clear.
 With the increase in ICT and globalization, the only issue we and
the future are going to face is a sustainable living.
What`s there in EE?
People: The workforce here is well educated and more productive.
They are ambitious and fluent in foreign languages.
Technology: A lot of people think that Eastern Europe has less
technological advancements. However, these countries
are technically advanced when compared to West
Serving as a host for an attractive market of the future, Eastern Europe
will have successful organizations in the years to come

3. WHY SLOVENIA?
 High Purchasing Power (About 90% of EU average)
 An excellent geographical position serving as a gateway to South East
Europe.
 Hydroelectricity (Slovenia has one of the richest water resources in Europe)
and Nuclear energy are its powerful assets
 The first country to undergo a transition from borrower status to a donor
status in 2007
 Most of the revenue generated are from offering services and Tourism

4. PROBLEMS OF SLOVENIA (EE)
Less Financial Less
Freedom Competition
Brain Drain
No (or) Less
Local Clients
Uneven Structural
Bureaucracy reforms
Issues
Less Investment Low Labor
in R & D Freedom
High Drop-out rate
Productivity Gap
(almost 15%)

5. These Highlights are from various online sources where we studied
about Slovenian economic Condition
“The banking system remains fragile The Bank of Slovenia uses the threat of fines to
despite the second recapitalization of force its foreign scholarship holders to return.
the largest bank in June,” the European Getting experienced Slovenians to return to
Commission Slovenia or at least collaborate with Slovenia is
something that needs to be motivated, not
compelled.'
According to Dr Aljaž Ule, assistant professor at the Faculty With no minimum capital
of Economics and Econometrics at the University of required, launching a business
Amsterdam and the Faculty of Mathematics, Science and takes only six days, but it still
Information Technology at the University of Primorska. The takes almost 200 days to
problem has a lot to do with 'brain return'. complete all of the necessary
licensing requirements.
Economic expert Ales Ahčan pointed out the lack of
structural reforms (pension, health, tax), resulting in
Slovenia, in his opinion uncompetitive.

6. Economist Joze Damjan expressed that the fall
in GDP by expecting somewhat surprising as it
seems "dramatic scale of the decline in
economic activity." This is lower by 2.8
percent, resulting in a negative year.
"As long as we levy a superior best draft horse,
we will lose these towing horse and even more
behind the majority" Src: http://www.heritage.org/index/country/slovenia
Expenditure on R&D as % of GDP: 2,1 (2010)
Gross expenditures on R&D (GERD) (mio EUR) 746 (2010)
Number of research organizations: 630 (2010)
R&D personnel in head count: 17.972 (2010)
Researchers in FTE: 7,7703 (2010)
Researchers (FTE) per 1000 persons in employment: 9.4 (2010)
Source: Statistical Office of the RS (Slovenia in Figures publications)
The above graph shows the comparison of the Investment freedom of UK (Blue) Vs
China (Green) and Slovenia (Red) The black dots represent the world average

7. Vision for Future Slovenia
As the title of the vision says Innovate and Inspire, the slovenian economy has to
find new innovation methods in order to sustain in the future.
Innovation can happen anywhere at any time and can be done by anybody. All
they need is a little inspiration and focus.
Companies have now started to focus on managing energy efficiently and
creating sustainable solutions.
In a data driven era, emerging technologies such as green engineering and
Biomimicry are expected to pave way for a sustainable future.

8. Its easier to fight for a principle than to live up to them
– Alfred Adler
Instead of fighting for a
sustainable future, we must have
to take a step forward for
executing them
With the help from Local people
and co-operation from
professionals, an innovative idea
can turn into a successful
Business organization
The organization that helps in
innovation must also inspire
people to apply it.
Image Src: www.therightplanet.com

9. Future Slovenia
A lot of online courses that are available must be used effectively. Educate
yourself in the field you wish and come up with innovative ideas and inspire others
to do so
Form a local group and brainstorm ideas for creating a successful organization
The group has to meet regularly and come up with ideas which are feasible to
implement
Better Future
Local development Better Communication
Sustainable Solutions
methods