The world is changing at a rapid pace. We are all facing major social challenges: the creation of a sustainable society. All this in the context of the environmental pressure on the earth, the increasing scarcity of raw materials and the growing influence of technology. This calls for a community platform where Limburg entrepreneurs from numerous sectors can find each other and strengthen each other.With shiftLimburg we are focusing on the four transitions: Energy, Circularity, Health & Digitalization. In this way we work together towards a smarter, more sustainable and healthier Limburg.
This article is part of a 4-part series around the four transitions that are central to this platform.
Ralph Hunnekens, transition lead for digitization at LIOF, explains why digitization is one of the important themes at shiftLimburg and what role LIOF as a regional development company sees for itself in initiating the further digitization of Limburg's SMEs.It's a great opportunity to get to know each other better and to get to know each other better.
Accelerating together! The opportunities we see for Limburg.
Digitization touches everything. Every company has to deal with it. Precisely because it is such an all-encompassing term, we try to be clear about where we think opportunities lie for Limburg. The most added value of digitization lies where the domain expertise is the highest. Within Limburg, these are the domains of life sciences & health, agrofood, chemistry & materials, the manufacturing industry and logistics. If you apply digitization in these domains, you will arrive at the application areas that we have characterized as promising within Limburg. These are digital health, agrotech/foodtech, smart manufacturing & supply chain and e-commerce. Within all of these application areas, we look at the potential of technology, whether it be artificial intelligence, virtual (or augmented) reality, blockchain technology or other software-based applications. Ultimately, what matters is the value that lies in the application of the technology on a larger scale.
Digitalization and LIOF? Tell...
Digitalization and LIOF? Tell...
Traditionally, LIOF may not be an obvious partner to take on an issue about digitization. With a few exceptions, LIOF generally does not employ specialists with a deep technological background. This also applies to myself. Although I have a strong affinity with digital innovation from my previous work experience, I remain a generalist. A business economist with a broad interest in a future in which it is possible to do business in a smarter, more sustainable and healthier way by means of digital solutions.
As an investment manager, I have been working for almost 6 years to help enable digital innovations. So the topic is not entirely new to us. The same applies to the colleagues with whom I have been forming a transition team on the topic of digitalization since the beginning of last year. Each with their own background and function within LIOF, but all with the same drive to contribute to this transition.
In this article I would like to share what we mean when we talk about the transition to digitization (and what not), why we think LIOF is uniquely positioned to contribute to the digitization of Limburg's SMEs, and where we see the opportunities for Limburg in the coming years.
Digitization in the context of LIOF
As a regional development company, LIOF is involved in networks at different impact levels. We are involved both on a national level in working groups on the Dutch digitization agenda and directly as a shareholder at the table of companies in our region that are working on their digitization. For this very reason, LIOF is an ideal party to do a lot of work in an independent way to further support the digitization transition. With our team we are working along a number of the action lines we have defined, which all touch on what LIOF can actually do. In that sense we are not going to play a different role for entrepreneurs in our network, but more with a clear direction on the four transitions and in our case on digitalization. The action lines we are following for digitalization can be found below.
Digital Network
This action line focuses on raising awareness internally and externally for the transition role that LIOF has to play. Work is being done on propositions, use cases and other content to interpret this role in context. In addition, partnerships, both (inter)regional and (inter)national, are being established with relevant network parties in the field of digitization. Finally, specific activities are being developed around digitization and internationalization. Examples of collaborations around these lines of action include our link with EIT Digital and the Brightlands AI Hub Zuid (part of the Dutch AI Coalition).
Digital Innovation
Under this action line, there is further research into what is specifically needed to further stimulate digital innovation in Limburg. There is active investment in startups and scale-ups in this domain and specific requirements to stimulate entrepreneurship among (technical) talent are examined. There is specific attention to digitization with a cross-over to one of the other transitions. For example, you can think of digitization in healthcare or innovative (precision) agriculture solutions.
Digitizing SMEs
Themes relevant to the digital transformation of Limburg SMEs are actively addressed. The opportunities and steps to be taken are made clear with relevant scans. There is collaboration with regional partners for demand articulation and the targeted tackling of digitization issues (e.g. Brightlands Digitale Werkplaats MKB) and there is active participation in growth plans that arise from new (digital) business models.
LIOF Digital
This action line includes the further digitalization of LIOF itself. The main focus is to make the work of the LIOF professional more efficient and LIOF as an organization more effective. In addition, digital collaboration with entrepreneurs with whom LIOF is in contact will be addressed. A good example is community platform shiftLimburg. Furthermore, it is being investigated how platforms can be set up on a national level, for example with Techleap and the other ROMs, and how own data can be enriched with relevant external data for additional insights into Limburg's SMEs.
Link in the Limburg network
Link in the Limburg network
In the end, new technological possibilities always go hand in hand with people interacting with that technology. It is therefore about making connections. You can think here about unlocking specific knowledge or providing appropriate growth financing. In this day and age, it is impossible for SMEs to have all the knowledge and resources in house to digitize in an efficient manner. LIOF is at the heart of a partner network where we try to make valuable connections for entrepreneurial Limburg. The partners consist of (specialist) companies, knowledge institutions, investors and governments. We try to make the link on a regional scale, but certainly also on a national or international scale.