Capacity Building Workshop I: The role of Investment Promotion Agencies in promoting innovation

The role of Investment Promotion Agencies in promoting Innovation -
Investment Promotion Agencies (IPAs) can play a key role in stimulating the adoption and spread of new technologies in an economy.
Primarily, this requires focusing attraction efforts on companies and sectors that are likely to provide technological benefits in addition to creating employment. The workshop focused on how IPAs can target these types of investments in their attraction efforts. In addition, many IPAs around the world are moving beyond pure investment attraction activities into areas such as innovation, cluster development, talent development and promotion of start-ups. These are relatively new areas for many IPAs that require different skill sets and approaches. In addition to generating specific economic benefits, these activities can also contribute to an agency’s ability to attract FDI. The workshop looked at how agencies can coordinate their expanded range of activities in a manner that maximizes the positive impact on FDI attraction.
Faculty: