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ole of the LEDAs has become increasingly important in the<br />

innovation processes, because their proven capacities of<br />

gathering all the local actors, stimulating and facilitating<br />

relationships and networks for providing tailored<br />

comprehensive services for sustainable and competitive<br />

development (Canzanelli).<br />

A recent thesis of the London School of Economics<br />

(Ferrannini) investigated the role of two Balkan LEDAs of<br />

the ILSLEDA network (Auleda, and Redasp) in the<br />

innovation processes, and it confirmed their contributions as<br />

animators of innovation, strengthening the governance of<br />

systemic relationships between the local actors, whose<br />

activities and interactions generate, import, modify and<br />

diffuse new technologies (Morgan).<br />

In this perspective these LEDAs (but similar<br />

considerations could apply to the majority of the Leda of the<br />

network) have:<br />

• multiplied the quantity and quality of the interactions<br />

towards innovation<br />

• raised the awareness of the need of innovating for<br />

competing and improving the quality of living<br />

• provided technical assistance for innovation, financed<br />

it, build capacities for it, and introduced it in the<br />

territorial plans.<br />

• channeled funds for knowledge building<br />

Nevertheless still many weaknesses exist for fostering spread<br />

innovation, such as:<br />

• scarce availability of applied research and propensity<br />

of universities to provide services and knowledge to<br />

the local system,<br />

• low diffusion of information and knowledge.<br />

• lack of skills, and capacities<br />

• scarce involvement of national governments and<br />

academic institutions<br />

• low cooperation among local firms are far from being<br />

diffused, when the entrepreneurs are not linked<br />

within clusters and value chains<br />

• lack of links with national policies<br />

• weak role of local media in the innovation processes<br />

• lack of tailored financial instruments<br />

The next challenge for the LEDAs are therefore in:<br />

1. strengthening the local interactions through<br />

constituting and coordinating special task forces,<br />

including local administrations, universities and<br />

research centres at local and national level,<br />

entrepreneurs, representatives of civil society.<br />

2. strengthening the R&D activities and the Universities'<br />

capacities<br />

3. improving the local skill, through valorizing talents,<br />

operators, researchers, and entrepreneurs<br />

4. stimulating and realizing tailored finance<br />

5. enhancing knowledge building and diffusion through<br />

emigrants, international partnerships, and scouting<br />

and spreading existing innovations<br />

6. promoting new infrastructure for innovation (BIC,<br />

technological parks, etc.)<br />

Heading for Recovery:<br />

latest U.S. and European trends in entrepreneurship and SMEs<br />

In February 2013, The Business Incubator magazine<br />

and the U.S. Mission to the European Union coorganised<br />

a panel discussion and networking lunch with<br />

four industry experts: Kimberly Weisul (Editor-at-Large<br />

for Inc.com), Robert Sanders (Head of International<br />

Projects at EBN), Moraig Henderson (Deputy Director for<br />

Policy and Communications at UNDP) and moderator,<br />

Tom Strodtbeck (Director of International Programs at<br />

NBIA). The panel provided valuable analysis on both<br />

current and evolving trends that impact SMEs and<br />

entrepreneurs around the world.<br />

Cultural perceptions were acknowledged by the panel as<br />

a strong influential factor. They felt that lessons should<br />

be learned from the U.S. ‘culture of entrepreneurship’, in<br />

order to bolster the entrepreneurial spirit both in<br />

European countries and worldwide. In this context,<br />

Kimberly Weisul referred to the acceptance of failure as<br />

an insightful comparative indicator between the U.S. and<br />

European mindsets.<br />

With SMEs as the current driver of recovery, support to<br />

entrepreneurship has been acknowledged as a leading<br />

strategy for worldwide economic development. In this<br />

perspective, the panel agreed that the capacity to reach<br />

and support less developed regions presents a major<br />

challenge. “Success is through inclusiveness of<br />

marginalised communities,” stated Moraig Henderson.<br />

The panel presented the current development of crowd<br />

funding in the U.S. as an encouraging trend. The role of<br />

education and mentoring were also raised by the<br />

audience and confirmed by the panel as offering<br />

powerful leverage. Yet, whether the solutions exist to<br />

enhance entrepreneurs' support, the challenge is to<br />

identify delivery mechanisms, concluded Robert<br />

Sanders. In their closing remarks, the speakers<br />

emphasised the necessity to support entrepreneurs and<br />

promote the entrepreneurial spirit in our time of<br />

economic downturn.<br />

Reported by Flora Soyez<br />

theNetwork<br />

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