After the Draghi report caused waves in the EU, a 2024 report on European economic competitiveness and the future of the European Union, it is natural for the Nordic countries to look at the situation in the Nordic region. According to the report, barriers such as fragmented markets, complex regulation, insufficient risk capital, weak demand-side mechanisms, and high structural costs limit the ability of new technologies to reach and scale in the market. Is this also the case for the Nordic region?
Identifying Nordic barriers
The aim of the Barriers to Commercialization in the Nordics project is to identify, analyze, and prioritize current and new barriers to commercialization in the Nordic region. The purpose of the assignment is not to provide a comprehensive overview of all barriers, but to gain insight into which barriers are most important for Nordic competitiveness towards 2030, and where cooperation at the Nordic level can add value beyond national measures. The study is important for Nordic Innovation to identify targeted measures and create projects that can contribute to better conditions for business in the Nordic region.
Menon Economics will be leading the project and has put together a pan-Nordic team with a great mix of expertise spanning innovation economics, R&D systems, and commercialization. The team brings together strong analytical skills, solid knowledge of Nordic policy frameworks, and plenty of hands-on experience with green and climate-relevant technologies.
From research to real-world impact
When asked who will benefit from such a report, Jonas Erraia from Menon Economics says: “The report will be relevant to policymakers, innovation agencies and public authorities engaged in strengthening commercialization and scaling across the Nordic region. It will also be of interest to universities, research institutions, and firms seeking to understand how system-level barriers affect different stages of the commercialization process.“ He further elaborates that ”Investors, cluster organizations, and business associations may benefit from a clearer understanding of cross-border fragmentation and financing gaps."
By identifying, structuring, and prioritizing the most economically significant barriers leading up to 2030, the study will provide decision-relevant insights into where cooperation at the Nordic level can add value beyond national measures. It is due in end of May.
