Innovation Systems and Knowledge-Intensive Enterpreneurship: A Country Case Study of Poland

42 Pages Posted: 9 Oct 2012 Last revised: 4 Mar 2013

See all articles by Richard Woodward

Richard Woodward

Centre for Social and Economic Research (CASE); University of Edinburgh - Business School

Elzbieta Wojnicka

affiliation not provided to SSRN

Wojciech Pander

CASE - Center for Social and Economic Research - CASE-Advisors

Date Written: October 3, 2012

Abstract

This study surveys the current state of affairs in Poland with regard to the development of knowledge-intensive entrepreneurship (KIE), or new firm creation in industries considered to be science-based or to use research and development (R&D) intensively. We place KIE in Poland in the larger institutional context, outlining the key features of the country’s National Innovation System, and then focus on KIE itself. Our findings are perhaps more optimistic than many previous studies of knowledge-based economy development in Poland. We observe significant progress due to Polish access to the European Union. The frequency with which universities are playing a significant role as partners for firms in the innovation process has increased significantly; moreover, we observe a significant degree of internationalization of innovation-related cooperation. Another optimistic development is that the level of activity of venture capitalists seems to be fairly high in Poland considering the relatively low degree of development of capital markets offering VC investors exit opportunities. Moreover, after almost two decades of decline in the share of R&D spending in GDP, there are signs that this is beginning to rise, and that businesses are beginning to spend more on R&D. While demand-side problems continue to be significant barriers for the development of KIE, due to the relatively low level of education and GDP per capita in the country, the trends here are optimistic, with high rates of economic growth and improvements in the level of education of younger generations. Significant improvement is still needed in the area of intellectual property protection.

Keywords: Knowledge-Based Economy, Entrepreneurship, Transition, Post-Communist, SMEs, Poland

JEL Classification: L26, O31, O52, P27

Suggested Citation

Woodward, Richard and Wojnicka, Elzbieta and Pander, Wojciech, Innovation Systems and Knowledge-Intensive Enterpreneurship: A Country Case Study of Poland (October 3, 2012). CASE Network Studies & Analyses No. 446, Available at SSRN: https://ssrn.com/abstract=2158719 or http://dx.doi.org/10.2139/ssrn.2158719

Richard Woodward (Contact Author)

Centre for Social and Economic Research (CASE) ( email )

Al. Jana Pawła II 61/212
00-944 Warsaw, 01-031
Poland

University of Edinburgh - Business School

University of Edinburgh
29 Buccleuch Place
Edinburgh, Scotland EH8 9JS
United Kingdom

Elzbieta Wojnicka

affiliation not provided to SSRN ( email )

Wojciech Pander

CASE - Center for Social and Economic Research - CASE-Advisors ( email )

Sienkiewicza 12
Fourth Floor
Warsaw, 00-010
Poland

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