LAGIE - Innovation and Entrepreneurship Management Laboratory
The discussion of innovation management and entrepreneurship has been gaining relevance over the years. At a global level, the United States and China are considered to be the countries that invest the most in innovation and, as a result, end up having an impact on the innovation agenda of other trading partner countries. In Europe, the countries belonging to the European Union aim to increase investment in innovation, but few of them have investments close to the desired level, which is 3 per cent of GDP (EUROSTAT, 2019). Studies carried out by Booz Allen Hamilton draw attention to the lack of correlation between levels of innovation funding and corporate performance (Booz Allen Hamilton, 2006). The need for innovation as a condition for competitive success, the growing movements for greater investment in innovation and the need to obtain better results from the investment made are all elements that make the discussion of innovation management and entrepreneurship in organisations essential. The innovation process, although well known, takes a long time and the results are rarely known (especially in the early stages of idea generation and research). Some of the resources required by this process, such as creativity, knowledge and techniques, are not very controllable, which makes it difficult to allocate funds for their development. These are some of the particularities that make the management of innovation and entrepreneurship a fundamental issue to be addressed within the framework of the proposal to create this laboratory, called LAGIE - Laboratory for the Management of Innovation and Entrepreneurship.