DR HOSSEIN AGHILY1. VENTURE CAPITAL IN INNOVATION RISK FACTORS FOR INNOVATION 2DR HOSSEIN AGHILY.

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Presentation transcript:

DR HOSSEIN AGHILY1

VENTURE CAPITAL IN INNOVATION RISK FACTORS FOR INNOVATION 2DR HOSSEIN AGHILY

Objective of The Session  is to provide colleague with a set of techniques to analyze risk for innovation 3DR HOSSEIN AGHILY

INTRODUCTION SCIENTIFICAL MANAGEMENT OF INNOVATION PROCESS SCIENTIFIC MANAGEMENT OF RISK SUCCESSFUL INNOVATION ENTERPRISES 4DR HOSSEIN AGHILY

WHY RISK? WHY VENTURE CAPITAL? DR HOSSEIN AGHILY5

Innovation Definition Research is the transformation of money into knowledge Innovation is the transformation of Knowledge into money (3M) 6DR HOSSEIN AGHILY

7 TECHNOLOGY LEARNING EDUCATIONAL TECHNOLOGY INNOVATION CREATIVE RELATIONSHIPS -TEACHING TOOLS -TEACHING METHODS -BEYOND INSRUCTIONAL TECH. -SOCIAL TECH -ECONOMICAL TECH. OUTCOME BASE EDUCATION

DR HOSSEIN AGHILY8

9 TECHNOLOGY LEARNING EDUCATIONAL TECHNOLOGY INNOVATION RISKS CREATIVE RELATIONSHIPS -TEACHING TOOLS -TEACHING METHODS -BEYOND INSRUCTIONAL TECH. -AND SO ON OUTCOME BASE EDUCATION

DR HOSSEIN AGHILY10 CREATIVE RELATIONSHIPS OR ARTICULATION O.B.E MAY DECLINE PROMOTE INNOVATION RISK

Investigation & research R&D after service & production Middle test Mass production Marketing & selling Innovation idea Innovation & profit Market demand and social effect level of science and technology New demand New Technology MARKET MODEL FOR INNOVATION

USA INVESTIGATION 12% PRODUCT WAS SUCCEEFUL FOR STACKE HOLDER 30%SUCCEFUL REASERCH PLANS INTRODUCED TO STACKEHOLDER 60% RESEARCH PLANS SUCCEED TECHNOLOGICALLY 12DR HOSSEIN AGHILY

RISK FACTORS IN CREATIVE FORMATION IDEA STAGE Innovation idea can not accord with the real demand of customers Technology can not match the market demand New demand or new technology are too beyond the market Enterprise lacks the strict filtration of innovation idea 13DR HOSSEIN AGHILY

14 RISK FACTORS IN CREATIVE FORMATION IDEA STAGE

CREATIVE IDEA DEMAND DR HOSSEIN AGHILY15

MARKET TECHNOLOGY DR HOSSEIN AGHILY16

DEMAND MARKET TECHNOLOGY DR HOSSEIN AGHILY17

THE BEST CREATIONINNOVATIONCREATION DR HOSSEIN AGHILY18

RISK FACTOR FOR INVESTIGATION AND EVALUATION STAGE 19DR HOSSEIN AGHILY

ECONOMIC,TECHNOLOGIC,SOCIAL,FILTERATION CREATION DR HOSSEIN AGHILY20

RISK FACTORS FOR R&D STAGE Insufficient R&D capability Impossible technological problems Unqualified samples Too high R&D cost 21DR HOSSEIN AGHILY

22 RISK FACTORS OF MIDDLE TEST OR PILOT STAGE Technologic Assistant technology reliabilitydevicecapability

RISK FACTORS OF MIDDLE TEST OR PILOT STAGE Insufficient equipments for middle test Low reliability of technology Insufficient technological capability Unqualified techniques Lack of assistant technology Unreasonable design principle Instability of performance 23DR HOSSEIN AGHILY

IMPLEMENTATION STAGE Enterprise should procure equipment, build workshops, and train faculty 24DR HOSSEIN AGHILY

RISK FACTORS FOR IMPLEMENTATION STAGE Diffusion and Adoption (educators resist changes) persuasion 25DR HOSSEIN AGHILY

Factors affecting diffusion Innovation characteristics Individual characteristics Social network characteristics Others… 26DR HOSSEIN AGHILY

Rogers (1995) Diffusion of Innovation Stages of adoption: Awareness - the individual is exposed to the innovation but lacks complete information about it Interest - the individual becomes interested in the new idea and seeks additional information about it Evaluation - individual mentally applies the innovation to his present and anticipated future situation, and then decides whether or not to try it Trial - the individual makes full use of the innovation Adoption - the individual decides to continue the full use of t he innovation 27DR HOSSEIN AGHILY

Marketing and selling Risk Factors Competition change of external environment, 28DR HOSSEIN AGHILY

Risk factors After service and feedback feedback from customers Make preparation for further improvement 29DR HOSSEIN AGHILY

innovation dies about four years from the time that interest in it was first generated Glenn Latham (1988) 30DR HOSSEIN AGHILY

31DR HOSSEIN AGHILY

Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialization 32DR HOSSEIN AGHILY

33DR HOSSEIN AGHILY

Investigation & research R&D after service & production Middle test Mass production Marketing & selling Innovation idea Innovation & profit Market demand and social effect level of science and technology New demand New Technology

35DR HOSSEIN AGHILY

36DR HOSSEIN AGHILY

Investigation & research R&D after service & production Middle test Mass production Marketing & selling Innovation idea Innovation & profit Market demand and social effect level of science and technology New demand New Technology 37DR HOSSEIN AGHILY

Risk factor Technological risk technological advancement risk technological feasibility risk middle test risk mass production risk 38DR HOSSEIN AGHILY

Risk factor Market risk 39DR HOSSEIN AGHILY

Risk factor organizing risk 40DR HOSSEIN AGHILY

Risk factor External environment risk 41DR HOSSEIN AGHILY

42DR HOSSEIN AGHILY

Transforming Undergraduate Education in Science, Technology, Engineering, and Mathematics Transformation Spectrum TUES (formerly known as CCLI) Incremental Steps Leading to… Revolutionary 43DR HOSSEIN AGHILY

Workshop Overview NSF and TUES Program Information TUES Application and Submittal Process Working with SJSURF - The Proposal Process 44DR HOSSEIN AGHILY

45DR HOSSEIN AGHILY

46DR HOSSEIN AGHILY

47DR HOSSEIN AGHILY

Here are the top ten reasons for innovation failure 48DR HOSSEIN AGHILY

EDUCATIONAL MODEL DIFFUSION ADOPTION EDUCATIONAL TECHNOLOGY 49DR HOSSEIN AGHILY

The ADDIE model ADDIE is a design model used by many instructional designers as a guideline for building effective training to achieve a desired performance. ADDIE includes five phases, which are analysis, design, development, implementation, and evaluation. 50DR HOSSEIN AGHILY

decide on a way to fix the problem create a lesson or system to address the problem, hopefully using some sort of technology What the problem is and if instruction is a proper way to address it teach the lesson to the group of learners verify whether or not the lesson fixed the problem IMPLEMENT AND EVALUATION ANLYSIS DESIGN DEVELOP DR HOSSEIN AGHILY51

52DR HOSSEIN AGHILY

My instructional model 53DR HOSSEIN AGHILY

DR HOSSEIN AGHILY54