Paneldiscussion moderated by Mirko Lorenz, speakers included: Christopher Allen, John Vassallo, Magnus Madfors, Roland Strauss and Juan Cajiao

1. Inside the Innovation Economy The Lisbon Agenda in times of financial crisis Interfacing Innovation Conference Brussels, April 19-22, 2009

2. Start: A story about ideas, creativity and innovation.

3. Assignment: Build a robot, able to get from Point A to Point B in a public park.

5. ? (sensors, GPS, cameras, wheels,…)

6. Solution: Source: Tweenbots, com Kacie Kinzer (2009)

7. Source: Tweenbots, com Kacie Kinzer (2009)

9. Innovation in the EU: Effects of the financial crisis? Outlook to future?

10. “ The world’s most dynamic knowledge-based economy by 2010” 2020

12. Ecosystem Lisbon Agenda: Situation & Perpectives? EU INNOVATION Sectors Funding Regions Clusters SMEs/Gazelles Education Research Entrepreneurs Innovation Communication Building blocks

18. Q&A Innovation in the EU: What could be THE model?

19. Thank you.

20. Fact: How are we doing? European Innovation Scoreboard 2008 Source: http://www.proinno-europe.eu/EIS2008/website/docs/EIS_2008_Final_report.pdf

22. Fact: Idea economy is risky Less than 1% of ideas in companies are successful.

23. Fact: Investments risky, too More than 80% of money invested by venture capitalists goes into the adolescent phase of a company‘s live cycle. In this periods accelerated growth, the financials of both the eventual winners and losers look strikingly similiar. Source: Bob Zider, How Venture Capital works

24. Fact: Innovation Activity

25. Fact: VC returns Source: Price Waterhouse Coopers/3i, September 2003 Public markets returns vs. VC investment Source: DG EFA 2007, http ://trueeconomics.blogspot.com/2008/12/latest-government-economic-plan-is.html

26. Facts: Funding Source: EVCA Private Equity Activity Survey 2007 Europe

27. Facts: Private Equity funds Source: EVCA Private Equity Activity Survey 2007 Europe

28. Facts: Funding by country Source: EVCA Private Equity Activity Survey 2007 Europe