Joint Cork CDB Think-InJoint Cork CDB Think-In Key Priorities Key Priorities

Sean O’RiordainSean O’Riordain

BackgroundBackground

• Issue of National Guidelines on economic Issue of National Guidelines on economic sub-committeessub-committees

• Re-statement of role of CDBs in National Re-statement of role of CDBs in National Innovation Policy and other national PolicyInnovation Policy and other national Policy

• Economic Priorities in City/County CDB Economic Priorities in City/County CDB ReviewsReviews

• Economic priorities to be set within Economic priorities to be set within possible CASP Framework?possible CASP Framework?

National Guidelines-National Guidelines-Economic Sub-CommitteesEconomic Sub-Committees

• New Priority for all BoardsNew Priority for all Boards

• Economic development and Economic development and Enterprise can be cross Local Enterprise can be cross Local Authority BoundariesAuthority Boundaries

• Clearly defined policy outcome and Clearly defined policy outcome and ways to avoid lack of progressways to avoid lack of progress

• Opportunities to share resourcesOpportunities to share resources

New prioritiesNew priorities

•Must be Multi-AgencyMust be Multi-Agency•Current Economic ConditionsCurrent Economic Conditions•Opportunity to build on Opportunity to build on

experience to dateexperience to date•Needs to be an area currently Needs to be an area currently

not addressednot addressed•Measurable value addedMeasurable value added•Definite Time FrameDefinite Time Frame

Actions….Actions….

• Audits of current businessesAudits of current businesses

• Economic Profiles/InformationEconomic Profiles/Information

• Training/retraining Training/retraining

• Regulatory/Policy opportunitiesRegulatory/Policy opportunities

• International networking/ambassadorsInternational networking/ambassadors

• R&D networkingR&D networking

• Other Education opportunitiesOther Education opportunities

The Think-InThe Think-InWorkshop 1Workshop 1

• A continuing role out of infrastructure by the A continuing role out of infrastructure by the local authorities and other utility suppliers.local authorities and other utility suppliers.

• Strategy to support cluster development in Strategy to support cluster development in tourism, energy and medical/pharma.tourism, energy and medical/pharma.

• Build on the existing identity of the Region Build on the existing identity of the Region • The creation of an Ideas Forum.The creation of an Ideas Forum.• Institute for Collaboration on business Institute for Collaboration on business

development.development.• An on-going examination of business costs An on-going examination of business costs

should be central to service planning by all should be central to service planning by all public agencies operating in the Region.public agencies operating in the Region.

The Think-InThe Think-InWorkshop 2Workshop 2

• Development of a cluster model based around the Development of a cluster model based around the Food Sector in the first instance.Food Sector in the first instance.

• Creation of an Institution for Collaboration.Creation of an Institution for Collaboration.• The fostering of entrepreneurship in the third level The fostering of entrepreneurship in the third level

student body, particularly the post graduate bodystudent body, particularly the post graduate body• Pilot to identify potential business ideas in Pilot to identify potential business ideas in

MBA/MBS that could be facilitated to become MBA/MBS that could be facilitated to become commercialised.commercialised.

• The development of network opportunities The development of network opportunities between existing business and research networks between existing business and research networks in place in the Region.in place in the Region.

The Think-InThe Think-InWorkshop 3Workshop 3

• Business plans should not block the development of Business plans should not block the development of new ideas.new ideas.

• Cork the place to invest and the place to come if a Cork the place to invest and the place to come if a person has experience in business development and person has experience in business development and innovation.innovation.

• Need to acknowledge the people who develop good Need to acknowledge the people who develop good businesses in the Region.businesses in the Region.

• Create a centre for Ideas for the Region supported by Create a centre for Ideas for the Region supported by a business support process to help bring businesses a business support process to help bring businesses to fruition.to fruition.

• Develop support networks for managers and Develop support networks for managers and entrepreneurs within an ultimate cluster model for entrepreneurs within an ultimate cluster model for particular sectors.particular sectors.

• Organise open days into the research centres in the Organise open days into the research centres in the Region.Region.

The Think-InThe Think-InWorkshopWorkshop 44

• Build on the use of existing networks to access into Build on the use of existing networks to access into business experience and perspectives to ensure that business experience and perspectives to ensure that all possible ideas are highlighted and followed.all possible ideas are highlighted and followed.

• Development of an ideas brokerage to take ideas Development of an ideas brokerage to take ideas from concept to application.from concept to application.

• Creation of an identifiable centre for ideas alongside Creation of an identifiable centre for ideas alongside an incubation arena for such ideas.an incubation arena for such ideas.

• Development of a maritime cluster.Development of a maritime cluster.• Enhanced recognition and support for local business Enhanced recognition and support for local business

initiatives through relief on local charges etc. initiatives through relief on local charges etc. • Promotion of Cork as a centre for innovation based Promotion of Cork as a centre for innovation based

on a demonstrable capacity to innovate.on a demonstrable capacity to innovate.

The Think-InThe Think-InWorkshop 5Workshop 5

• Unified core group.Unified core group.• Creation of a programme to develop third level talent (post Creation of a programme to develop third level talent (post

graduate) into business creation opportunities.graduate) into business creation opportunities.• Creation of Link Unit for potential entrepreneurs and state Creation of Link Unit for potential entrepreneurs and state

agencies.agencies.• Creation of a commercialisation function between the State Creation of a commercialisation function between the State

Agencies and the Third level.Agencies and the Third level.• Creation of an advisory body of retired entrepreneurs and Creation of an advisory body of retired entrepreneurs and

public sector officials to mentor/advise on avoidance of public sector officials to mentor/advise on avoidance of business failures/barriers to economic growth.business failures/barriers to economic growth.

• Examine cluster models in Finland and elsewhere.Examine cluster models in Finland and elsewhere.• Identification of international applied research that could be Identification of international applied research that could be

embedded into business opportunities in Cork through embedded into business opportunities in Cork through existing Cork Social Networks.existing Cork Social Networks.

Actions for the Boards….Actions for the Boards….

• Agreement on the Economic Sub-Agreement on the Economic Sub-committee. committee.

• Draft work programme to be agreed.Draft work programme to be agreed.

• Agreement on Implementation of Work Agreement on Implementation of Work Programme Action Leaders and support Programme Action Leaders and support Agencies.Agencies.

• Agreement on Implementation Time-frame.Agreement on Implementation Time-frame.

• Evaluation and Review Process.Evaluation and Review Process.