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Malta Business Review INNOVATION LEADERSHIP "Both governments and big business now need to do a better job of developing fluid mechanisms to be productive and fruitful they need to be long-standing, almost symbiotic and always mutually beneficial. As a key investor in innovation with 30 industry R&D centers across the region, GE is committed to success across Europe through local and regional growth. Part of driving that success is through our work with entrepreneurs and early stage companies: In the spirit of co-operation and co-creation, we regularly open our doors to SMEs and start-ups at our Digital Europe Foundry in Paris and the GE Additive customer experience centre in Munich. One great example of how collaboration can work is demonstrated in our investment in Sonnen Batterie – a developer of residential power storage systems in Germany. Sonnen has transitioned from a start-up to SME and we are now helping this energy industry innovator to globalize its business. Empowering students to push the boundaries of innovation was at the forefront this February when a collaborative agreement with the Technical University in Prague was signed to investigate future aerospace manufacturing technologies. It is the first university in Europe to receive GE’s Predix software platform. While there are many established EU-led and national initiatives for collaboration between startups, spin-offs and scale-ups with MNCs, all too often investment for start-ups companies still becomes bottlenecked. Both governments and big business now need to do a better job of developing fluid mechanisms – perhaps jointly - for capital to be freed-up to allow companies of all sizes across Europe to bring innovation to market quickly and in a scalable way. Reaffirming Europe’s position as global innovation leader can only be advantageous , It will boost productivity and economic growth, drive inward investment, and create more jobs. Only then, can we expect the entire region to begin to benefit again. MBR Credit: GE Voices Europe A group of employees work on a massive gas turbine at one of GE plants in Belfort, France. Image credit: GE Reports Credit: GE Voices Europe 10
16:34 INFORMATION SYSTEMS LIMITED 9/10 Melfar Buildings, C. de Brockdorff Street, Msida MSD1421 tel: 2131 5001 email: info@isl.com.mt web:www.isl.com.mt
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