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Enhance Business and Innovation Development Policies and Programs
HGM Consulting Corp. assists in the development of business and innovation support policies, programs and infrastructure (including business and technology incubators, accelerators, business advisory and innovation centers, techno-parks, industrial parks, science cities, and special economic zones), as well as provides consulting support in business and technology clustering. National, provincial and city-level government agencies represent the clients in this area of expertise.
Small and Medium-sized businesses create the bulk of new jobs in all countries, but they have high failure rates in the early years. To succeed in the long run in the global economy, even initially successful companies should expand their operations beyond their local geographical boarders finding new customers, exporting and continually innovating. The imperative today is to provide targeted support to start and grow new ventures for creating employment in the face of globalization, rapid technological change, economic uncertainties, and open markets.
Business incubators, accelerators, industrial- and techno-parks, science cities and similar business and innovation support institutions provide a safe haven for the firms at different stages of growth. They accomplish this through a mix of tangible and intangible services, such as providing physical space and sharing services along with external management, administrative assistance, consulting and technical support, coaching, training, networking and access to financing. The SME support infrastructure institutions’ primary objectives are job creation, revitalization, economic development, the support of target groups or industries, and development of companies and clusters. They contribute to the economy and play active roles in the local, regional and national economic development. However, any separate organization cannot transform an economy and should be integrated into a broader business and innovation development program, economic policy reforms, as well as investment and financial infrastructure.
Institutional integrity looks critical — the institutional building process should consider the complexity of business needs, and technical and market requirements. HGM Consulting can help build an institutional system that provides continuous comprehensive support at all levels of companies’ growth from start-up to high-growth stage.
For example, there is a significant potential for synergies between a technology-based incubator and technology park if they are sited in proximity to each other and if it is planned from the start that all players are induced to buy-in to this potential and that the administration proactively pursues it. The incubator can be the first “building block” of a technology/industrial park or a science city. Once again, the vital part of the business and technology development strategy is a deep integration of various support services, which are targeted at different stages of the business and innovation development lifecycle.
Despite the limitations of separate business and innovation support organizations, a carefully designed and executed institutional building strategy can be instrumental in the community, city-level, provincial or national economic development.
Clusters are geographically proximate groups of interconnected companies and associated institutions. Clusters encompass an array of linked industries and other entities important to competition, including government agencies, industry groups, universities, R&D agencies, consulting and engineering companies, think tanks, training centres, trade and investment associations, insurance companies, private investment and banking institutions.
For example, there is a significant potential for synergies between a technology-based incubator and technology park if they are sited in proximity to each other and if it is planned from the start that all players are induced to buy-in to this potential and that the administration proactively pursues it. The incubator can be the first “building block” of a technology/industrial park or a science city. Once again, the vital part of the business and technology development strategy is a deep integration of various support services, which are targeted at different stages of the business and innovation development lifecycle.
Despite the limitations of separate business and innovation support organizations, a carefully designed and executed institutional building strategy can be instrumental in the community, city-level, provincial or national economic development.
Clusters are geographically proximate groups of interconnected companies and associated institutions. Clusters encompass an array of linked industries and other entities important to competition, including government agencies, industry groups, universities, R&D agencies, consulting and engineering companies, think tanks, training centres, trade and investment associations, insurance companies, private investment and banking institutions.
Cluster companies perform more productively in accessing information, technology, human, financial and technical resources, various partnerships, government support, etc. Professional networking and community relations are crucial factors. Cluster companies have better access to employees and various suppliers. Investments made by various levels of government in the clusters’ development, business support and employment generation can boost productivity. Investments by the clusters’ companies in training programs, 
infrastructure, quality control centres, testing laboratories, etc. also contribute to increased productivity.
Development of business and innovation support policies and programs, specialized infrastructure, business and technology clusters requires broad expertise in various knowledge areas, as well as extensive practical experience. Our company accumulated this expertise through the unique international experience of our consultants. We will be happy to support you in your endeavour to enhance SME development, improve the local business environment and build an effective innovation ecosystem!
Cluster companies perform more productively in accessing information, technology, human, financial and technical resources, various partnerships, government support, etc. Professional networking and community relations are crucial factors. Cluster companies have better access to employees and various suppliers. Investments made by various levels of government in the clusters’ development, business support and employment generation can boost productivity. Investments by the clusters’ companies in training programs, infrastructure, quality control centres, testing laboratories, etc. also contribute to increased productivity.
Development of business and innovation support policies and programs, specialized infrastructure, business and technology clusters requires broad expertise in various knowledge areas, as well as extensive practical experience. Our company accumulated this expertise through the unique international experience of our consultants. We will be happy to support you in your endeavour to enhance SME development, improve the local business environment and build an effective innovation ecosystem!