FORMATION AND IMPLEMENTATION OF INNOVATION POLICY OF CROSS-BORDER REGIONS

##plugins.themes.bootstrap3.article.main##

##plugins.themes.bootstrap3.article.sidebar##

Published: Sep 27, 2021

  Oksana Kopylyuk

  Julia Tymchyshyn

  Oleksandra Muzychka

Abstract

The subject of the research is theoretical, methodological and applied bases of formation and realization of innovative policy of cross-border regions. The following methods were used: analysis and synthesis, induction and deduction (to reveal the essence and characteristic types of innovation policy of cross-border regions), generalization, comparison, grouping (to study the condition and innovation potential of the EU countries and Ukraine), strategic analysis (to develop the basic principles of innovation policy of cross-border regions), and others. The purpose of the article is to reveal the essence, the order of development and instruments of implementation of innovation policy of cross-border region development, as well as systematization of types and justification of approaches to the definition of innovation potential of the cross-border region. Results. The essence, the basic stages of development of innovative policy of the cross-border region were revealed. It was proved that such policy is formed taking into account the innovation component and overcoming the barrier function of the border and the interaction of border territories of 2 or more countries in the implementation of innovations. To create a high degree of interaction in innovation, it is necessary to ensure the development, implementation and realization of innovation on the basis of joint institutional, scientific, educational, financial and resource potentials. The main stages of development of an innovation policy of the cross-border region, in particular: 1) analysis of innovation potential, 2) substantiation of the process of creating a regional innovation system and its management, 3) development of a joint vision, 4) identification of priorities, 5) development of a plan of action with a narrow set of policies, 6) monitoring and evaluation. It characterizes the types of inclusive innovation policy of the cross-border region on the basis of territorial, production and social inclusiveness. It is proved that the innovation policy of a cross-border region provides its innovation functionality, cross-border critical mass and cross-border cooperation. It is reasonable to measure cross-border interactions using quantitative indicators, such as co-financing of innovation, venture capital volumes for innovative start-ups, co-patents, volumes of innovation cooperation, joint publications, mobility of highly qualified personnel to the total number of interactions. The modern financial toolkit for the implementation of cross-border cooperation on an innovative basis is characterized and the practical importance and area of use of the latest financing tools, such as: "Pathfinder", "Accelerator", "Transition", crowdfunding, crowdlending, venture capital, etc. The parameters of identification of the cross-border territory as an innovative region were defined, namely: 1) a developed system of research organizations and educational institutions, 2) a common program for the production of innovative products and technologies, 3) the formation of cross-border business innovation, 4) the use of modern funding tools, 5) achieving cross-border interaction and mutual benefit, 6) the creation of cross-border technology parks and technology incubators, innovative cross-border start-ups, cross-border clusters and growth poles. It is analytically confirmed that in order to create a multifunctional innovative cross-border region it is necessary to enhance the intensity of innovative activity.

How to Cite

Kopylyuk, O., Tymchyshyn, J., & Muzychka, O. (2021). FORMATION AND IMPLEMENTATION OF INNOVATION POLICY OF CROSS-BORDER REGIONS. Baltic Journal of Economic Studies, 7(4), 108-115. https://doi.org/10.30525/2256-0742/2021-7-4-108-115
Article views: 537 | PDF Downloads: 370

##plugins.themes.bootstrap3.article.details##

Keywords

cross-borde region, innovative policy, innovation potential, financial tools, cross-border effect

References

Ahlin, B., Drnovšek, M., Hisrich, R.D. (2014). Entrepreneurs’ creativity and firm innovation: the moderating role of entrepreneurial self-efficacy. Small Bus Econ, 43, р.101–117 (2014).

Archibugi D., Michie J. (1995). Technology and annovation: an introduction. Cambrige Journal of Economics, 19, р. 1-4.

Bian, Bo and Meier, Jean-Marie and Xu, Ting (2021). Cross-Border Institutions and the Globalization of Innovation. Available at: https://ssrn.com/abstract=3503092 (accessed 05 September 2021).

Bloom, N., M. Schankerman, and J. Van Reenen (2013). Identifying Technology Spillovers and Product Market Rivalry. Econometrica, 81 (4), р. 1347-1393.

Cappellano, F., Kurowska-Pysz, J. (2020). The Mission-Oriented Approach for (Cross-Border) Regional Development. Sustainability, 12. Available at: www.mdpi.com/journal/sustainability, 2020 (accessed 11 June 2021).

Crowdlending platform - digital marketplace to borrow money, or invest in businesses and real estate. Zwebb Fintech. Available at: https://www.zwebb.com/crowdlending-platform (accessed 21 August 2021).

European innovation scoreboard. Available at: https://ec.europa.eu/info/research-and-innovation/statistics/performance-indicators/european-innovation-scoreboard_en (accessed 29 September 2021).

Gregory Autin What is Crowdlending? Available at: https://www.hospitalitynet.org/explainer/4102284.html (accessed 27 August 2021).

Korhonen, J. E., Koskivaara, A., Makkonen, T., Yakusheva, N., Malkamäki, A. (2021). Resilient cross-border regional innovation systems for sustainability? A systematic review of drivers and constraints, Innovation: The European Journal of Social Science Research, Vol. 34, No. 2, р. 202–221.

Makkonen, T., Weidenfeld A. (2016). Knowledge-based Urban Development of Cross-Border Twin Cities. International Journal of Knowledge-Based Development, 7, р. 389–406.

Makkonen, T., Weidenfeld, A., Williams, A. (2017). Cross-border regional innovation system integration: An analytical framework. Tijdschrift voor Economische en Sociale Geografie, 108, 805–820. Available at: https://onlinelibrary.wiley.com/doi/10.1111/tesg.12223 (accessed 21 June 2021).

Nauwelaers, C., Walburn, D. (2013). Public sector innovation and smart specialisation strategies. Know Hub. Available at: http://www.know-hub.eu/knowledge-base/videos/public-sector-innovation-and-smart-specialisation-strategies.html (accessed 09 September 2021).

OECD (2011). Regions and Innovation Policy. OECD Reviews of Regional Innovation, OECD Publishing, Paris. Available at: https://www.oecd-ilibrary.org/urban-rural-and-regional-development/regions-and-innovation-policy_9789264097803-en (accessed 15 August 2021).

OECD (2013). Regions and Innovation: Collaborating across Borders. OECD Reviews of Regional Innovation, OECD Publishing, Paris. Available at: https://www.oecd.org/innovation/regions-and-innovation-collaborating-across-borders.htm (accessed 10 August 2021).

OECD (2020), Broad-based Innovation Policy for All Regions and Cities. OECD Publishing, Paris, Available at: https://www.oecd.org/innovation/broad-based-innovation-policy-for-all-regions-and-cities-299731d2-en.htm (accessed 09 August 2021).

Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business. Available at: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32020R1503 (accessed 15 September 2021).

Regulation (EU) No 345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds Text with EEA relevance. Available at: http://data.europa.eu/eli/reg/2013/345/oj (accessed 25 August 2021).

Regulation of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom). No 1605/2002. Available at: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32012R0966&from=EN (accessed 10 September 2021).

Specific programme implementing Horizon Europe framework programme for research and innovation 2021-2027. Repealing Decision 2013/743/EU 2011/0402(CNS). Available at: https://ec.europa.eu/info/research-and-innovation/funding/funding-opportunities/funding-programmes-and-open-calls/horizon-europe_en (accessed 10 September 2021).

Wuchty, S., Jones B. F., and Uzzi, B. (2007). The Increasing Dominance of Teams in Production of Knowledge. Science, 316 (5827), р. 1036-1039.