As the economic crisis deepens and widens it affects various sectors in many parts of the world. Institutions differ in responding to the impacts of the crisis. Some of the institutions suffering from downturn prefer to cut down expenditures including those on R&D, however some of the institutions continue on investing on R&D and innovation to reverse the impacts of the economic downturn. December 2009 edition of Bilgi Cagi magazine dwells upon the R&D and innovation during the crisis.
Bilgi Cagi magazine is published monthly to watch the R&D and innovation processes of Turkey. December edition of Bilgi Cagi magazine questions how the companies are affected from the economic recession in terms of R&D and innovation. The magazine took the views of the companies inTurkey who used to invest in R&D and took their situation during the crisis time.
Ömer Burhanoğlu, the head of TAYSAD (Association of Automotive Parts and Components Manufacturers) Management Board, presents the picture for the automotive sector in Turkey. He points out that almost 70% of TAYSAD members have not stopped the investments and they continue on R&D since the automotive sector needs to get prepared for future projects; however some of the members who are short of cash have postponed the R&D investments for a while. Moreover, he proposes to increase the R&D incentives in Turkey to boost growth in economy.
The project director of STM Savunma Teknolojileri, Murat Kadir Turhal, emphasizes the risks in investing on R&D during crisis time since the impacts of the crisis will be felt deeply as a result of the decrease in demands. Therefore, he underlines the need for better planning of the R&D investments and analysing the demands for the deliverables of the R&D with respect to the time planned for production. Moreover, Ömer Yüngül from Vestel believes that companies can see the opportunities in crisis time; the companies continuing on R&D even in crisis time will overcome the depression with more benefits.
Leyla Arsan, TAGES CEO, proposes some solutions to come through the negative impacts of the crisis. She suggests that the process for R&D supports and incentives provided by TUBİTAK and other institutions should be eased, ameliorated and quickly disseminated, the related ministries should develop their own support programmes, the ties between government-university-NGOs should be developed in creating awareness on the necessity for R&D and innovation and the systems should be improved for control mechanisms.
TAGES is one of the main contributors in Bilgi Cagi magazine which is published monthly with a vision to watch R&D and innovation processes of Turkey where the target mass is public organisations, NGOs, private sector, universities and all parties responsible for the R&D and innovation improvement of Turkey.
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