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Reporting Intellectual Capital to Augment Research, Development and Innovation in SMEs

Reporting Intellectual Capital to Augment Research, Development and Innovation in SMEs

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This report has been produced by an expert group, set up by the Directorate General for Research of the European Commission(EC).
This report has been produced by an expert group, set up by the Directorate General for Research of the European Commission(EC).

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Published by: dmaproiect on Mar 16, 2010
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08/07/2012

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This report has been produced by an expert group, set up by the Directorate

General for Research of the European Commission(EC), in order to stimulate

Reporting of intellectual capital in research intensive SME’s1

by identifying on

the one hand a number of recommendations to research intensive SME’s and

private stakeholders (financial organisations, accounting and other business

organisations) and on the other hand public policy options to stimulate

research intensive SME’s to report on their intellectual capital.

The expert group was created as part of the overall implementation of the

European Commission’s Research Investment Action Plan2

(the ‘3 % Action

Plan’). It consisted of selected experts and stakeholder representatives in the

field drawn from research bodies, the business sector and public authorities.

Notably EARTO, the European Organisation of Research and Technology

Organisations, has identified the importance of this issue at an early stage

and supported the idea of establishing an expert group in this field. Its

mandate was to define and set out:

• Guidelines for research-intensive SME’s on how to highlight the

business case for R&D investments by reporting on their intellectual

capital;

• Recommendations for investors and private stakeholders on how to

interpret and value intellectual capital statements and how to

encourage companies to report on their intellectual capital.

• Recommendations for public policy makers on how to stimulate

companies to report on their intellectual capital.

In order to achieve the task set out in its Terms of Reference, the expert group

reviewed and assessed the definition of research intensive SME’s, the

relevant categories of intellectual capital, why these are important to research

intensive SME’s and the financial sector and how we can stimulate research

intensive SME’s to report on their intellectual capital. Also an overview has

been provided of recent initiatives, current challenges and existing trends, as

well as comparative analysis based on a number of case studies. The findings

of this report are in many cases also applicable not just to SME’s, but also to

other types of companies and to research organizations. The group has also

considered how its recommendations may be taken forward by Community,

Member State or private sector initiatives.

1

Terms of Reference for an expert group on Reporting of Intellectual Capital for increasing investment in

Research and Development. European Commission, DG Research, January 2005.

2

European Commission, Investing in Research: An Action Plan for Europe, COM (2003)226

Xavier Goenaga

Head of Unit M02 – Open co-ordination of research policies

DG RTD, European Commission

RICARDIS

EXECUTIVE SUMMARY

9

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