INNOVATION PROGRAMME · MARCH 1997 CONTENTS The Power of Design "Design", remarked JeanPierre Raffarin, French minister for SMEs, "is certainly the cheapest innovation management process. The challenge is to integrate design into product development." He was speaking last January in Paris at the award ceremony of the 1997 European Design Prize, an Innovation Programme initiative designed to promote best practices in design, particularly in sectors where it is not usually seen as a source of competitive edge. The experiences of the 64 finalists, brought together to discuss design as a tool for innovation, make fascinating reading (see Dossier, Innovative design from around Europe see page 10 page 10). Between them the finalists manufacture products ranging from paper sacks to welding helmets, so the Prize INNOVATION PROGRAMME NEWS 39 certainly showed that design is being successfully adopted Innovation Project Case Study: Coating Processes for SMEs ■ IRC Profile: Bourgogne ■ New Energy in new sectors in a wide variety of ways. This variety also Network Launched ■ New Technology Transfer made generalities impossible to find as in all aspects of Networks ■ Innovation Financing Studies: Venture Capital and Equity Markets innovation, there are no simple rules to using design.