Leading Priorities for Development of the High Technologies Market

Abstract

Abstract. High technologies development has strategic importance to improving regional EU and national economies effectiveness and assuring a country's competitiveness. This is especially a key priority for small countries that do not have many natural and material resources, as well as labour force. Therefore, in the article the specifi cs of high technologies development that derives from exceptional high technologies features is analysed. These specifi c features of high technologies infl uence the rise of specifi c characteristics of high technologies market. Thus, the article aims to set leading priorities for a successful development of high technologies business in Lithuania.Development of the high technologies business depends fi rst of all on development of the high technologies market. The success of developing high technologies depends on implementation of the 'triple helix' model covering integration of the public and private sector as well as science. The most successful 'triple helix' model for high technologies development is the one where the highest degree of cooperation between authorities, industry and academic public is indicated. Therefore the article establishes the implementation of the 'triple helix' as a leading priority for high technologies development in Lithuania.

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“…Successful development of high technologies is primarily inseparable from the 'triple helix' model: the academic public -industry -government integration. This model describes the nature of processes, while the public sector promotes the national high technologies industry in some extent to lower the risk for the private sector, thus encourages the academic public to generate innovative ideas of technologies and enforces the private sector implement these ideas (Chlivickas et al 2010). It is required to elaborate appropriate public administration of academic scientific and industry performance to ensure efficient national innovation systems which enables national high technology industries to operate in the global markets.…”

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“…The third model of 'Triple helix' is the most successful model for high technologies development. This type of Triple helix model shows the highest degree of cooperation among authorities, industry and academic public as the configuration of 'Triple helix' model allows solving all problems in implementation of innovations (Chlivickas et al 2009).…”