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Innovative Forms of International Business - Coggle Diagram
Innovative Forms of International Business
Business Incubators and Centres
Can function both inside the country and as international cooperation.
Seek expansion on an international scale
Aim is to help start-up enterprises.
Information support, finding customers, external experts, selection of personnel, etc.
Technopark and Technopolis
an important form of merging innovative companies, universities, consulting and other enterprises of service industries, into a single mechanism.
Encourage idea of collaboration between research institutions.
High level of innovation activity.
Science and Technology parks
Technopolis concentrates on the enhancement of processes that develop high end technological products.
Good decisions for risky ideas
Small venture companies focus on research, development and introduction of innovations
Sucess is never guaranteed. Highest level of risk
Venture capital firms are mostly small businesses in advanced manufacturing industries
Innovations are gaining priority for companies
Conclusions
the technopark, also facilitates the access of firms to the international market and increases the intensity of international technology transfer, services, experiences.
Innovative forms of international business improve the competitiveness of economies across the globe.
Business incubators provide a guide to enter international markets
Innovative structures help to activate the inter-
national relations among entrepreneurs from different countries.