SWOT - analysis

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SWOT - analysis

A simple SWOT-analysis around the conditions for start ups in the field of mobile and mobile services in Luxembourg gives some indications on what is needed when it comes to policy actions:

Strengths

• A strong and stable access point to Europe for non-European SME's
• Rapid growth of qualitative and quantitative research
• Service sector conversion
• New support instruments implemented since 2009
• Few players in the innovation system, that know each other

Weaknesses

• Weak R & D efforts by SME:s in the field of mobile
• Not enough facilities for hosting start ups in combination with research
• Low number of spin offs from public research
• Relatively young science base
• Low attractiveness for entrepreneurs within mobile
• Lack of targeted funding towards mobile for service innovation
• No public seed fund such as Hightech Grúnderfunds
• Decline of non-R&D innovation expenses
• Non-or very low access to data

Opportunities

• Cross field innovation growth
• New financial systems and services
• Immigration of talent from outside Europe
• More digitalised world
• Expanded R&D base in Europe
• Small countries are more flexible and fast moving
• Collaboration is a future key issue, small innovation systems gain from this

Threats

• Changes in the financial system
• Entrepreneurial spirit not well developed
• Demographic challenges
• "Old" educational system gets too much impact on innovation climate
• Legislation changes competitive advantages
• Taxation system changes due to EU regulations

(source for strengths and weaknesses: Luxembourg – Transforming the Healthcare Sector and becoming one of the Healthiest Nations on Earth by ESIC)

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