Page 2 - 201904G20Entrepreneurship Newsletter

university researchers and digital companies to develop, test and sell assistance to these companies in the form of user-friendly guidelines,
their ideas, goods and services. UK launched the Digital Catapult which case examples and events to support digital transformation of SMEs.
is a space for technologists, creatives from business and academia to the Go-Digital project was launched to offer SMEs and skilled craft
collaborate and develop their new ideas and showcase their products businesses financing for external advisory services in the three
to the UK and the rest of the world. It enables UK digital businesses modules IT security, Internet marketing and digitized business
to innovate fast with less risk, so new products and services can be processes. And the go-Inno programme created the Innovation
accelerated to market. Industrial Strategy Challenge Fund to help Management funding facility that provides financing for 50% of
the UK capitalize on its strengths in science and innovation. This new consultancy services fees for enhancing innovation management
funding stream will help UK Research and Innovation (UKRI) to back in companies with less than 100 employees. Canadian government
technologies at all stages, from early research to commercialization, provided support for the technology adoption needs of small and
where the UK has the potential to take an industrial lead. Canadian medium-sized businesses through an additional $200-million
government supported the commercialization of leading-edge investment, and the Business Development Bank of Canada (BDC) is
research by providing funding to the Institute for Quantum Computing helping entrepreneurs learn about information and communications
to carry out and commercialize research in quantum technologies. technologies and how they apply to their business, providing
specialized advice, resources and tools on a dedicated website.
Promote digital start-ups. German government created a High-
Tech Start-Up Fund III with a volume of around €300 million Meanwhile the national strategies support SMEs and
by 2017. The HTGF will offer initial financing for young, quickly entrepreneurship have their own features according to the
expanding technology companies. And German government difference in the national situations.
supported potential start-ups in the very early planning phase • The UK Digital Strategy is in a bid to ensure the country as the
with the new Digital Innovation Start-up Competition, in which best place for globally digital entrepreneurship and corporate
business ideas are evaluated and the best ones are awarded a development. To boost UK impact in emerging digital economies
prize. The government also converged existing information and around the world and attract more innovative entrepreneurs to start
advisory services for business starters and entrepreneurs into up their business in UK, government established a network of UK
Start-up Portal 4.0 as a tool for making the process of starting a Tech Hubs in five developing countries to work alongside the key
company easier and more efficient. Canadian government helped existing hub in Israel. Tech Hubs are small, expert teams based
digital entrepreneurs develop their businesses through the Canada inside the UK embassy tasked with driving UK economic growth by
Accelerator and Incubator Program, which received $100 million in partnering British companies with innovative local start-ups.
funding and support entrepreneurship through the Action Plan for
Women Entrepreneurs to help women business owners succeed. • The German government hopes to confirm the transformation
of manufacturing industry and construction of a digital society at
Enhance the digital transformation of SMEs
the national strategic level through the “Digital Strategy 2025”.
Digital transformation is an important way to increase productivity and As the world's leading industrial and manufacturing country, the
reduce cost for SMEs. UK government confirmed £13 million funding successful digital transformation of Germany's macro economy
to support the creation of Productivity Council, which promotes the is a necessity for maintaining and improving competitiveness.
message that businesses are at the heart of productivity growth and The goal of implementing this strategy is to build Germany into
engage, encourage and inspire every business in the UK. It connects the most modern industrial country. The German government
businesses, in-person, to share good practice, and use data and analysis passed the "Digital Strategy 2025", providing 1 billion euros of state
to better inform legislation to promote and support productivity. The funds from 2017 to 2019, exploiting the potential of Industry 4.0,
UK Digital Skills Partnership will bring together technology companies, establishing microelectronics funding projects, participating in the
local businesses, local government, charities and other organizations. EU microelectronics research innovation project, and formulating
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It will facilitate coordination among the various stakeholders, including the "Industry 4.0 Standardization" action plan. In order to accelerate
the sharing of knowledge and best practice. And Business-to-business the advancement of Industry 4.0, German government strengthened
Ratings and Feedback Platformwas established to made it easier for international cooperation, for example, its cooperation with China
SMEs to determine the quality of business advice and support services in the field of Industry 4.0 will strengthen the position of German
provided to them by other firms. At the same time, UK Government enterprises in the Chinese market. The government cooperated with
took a more strategic approach to government procurement to drive the US Industrial Network Corporation on related fields as well.
innovation and value across public and private sector supply chains. • The Canadian government hopes to use advanced technology
The Small Business Research Initiative (SBRI), which connects to drive digital transformation, so it increased the investment
public sector challenges with innovative ideas from industry through in innovation and R&D. Canadian government invested $105
funding competitions, will continue to be a key route for this. Since its million to support Canada's advanced research network
introduction in 2009, the SBRI has already had a number of notable CANARIE, an integral element of the country's digital
successes in bringing innovative solutions from digital SMEs into research ecosystem; $100 million to support digital research
government. So far, UK public sector organizations have spent over £1.7 infrastructure through the Canada Foundation for Innovation;
billion with digital and technology suppliers. 56% of that (almost £1 $119.2 million to the National Research Council of Canada's
billion) has been with small and medium-sized enterprises (SMEs). This industry-partnered R&D activities; and $56.4 million to Mitacs
has already significantly exceeded the government's ambitious target to support more than 6,000 new graduate-level R&D internships
that £1 in every £3 spent will be with SMEs by 2020.
that will focus on business-related challenges while helping
German government launched Initiative SMEs 4.0, which provided develop the next generation of R&D leaders.