The Role of Universities in Innovation The role of University Scientific Research in Innovation The role of University Scientific Research in Innovation.

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Presentation transcript:

The Role of Universities in Innovation The role of University Scientific Research in Innovation The role of University Scientific Research in Innovation Start-up Nation 2.0: Bolstering Israel’s Innovation Edge Start-up Nation 2.0: Bolstering Israel’s Innovation Edge Daniel Zajfman President Weizmann Institute of Science

Innovation Ecosystem

The Iphone: Where is the innovation? 1988: Giant Magnetoresistive effect (GMR) is discovered, creating the field of spintronics (thin-film metallic multilayers, material science, France) 1988: Giant Magnetoresistive effect (GMR) is discovered, creating the field of spintronics (thin-film metallic multilayers, material science, France) 1990: Development of the lithium-ion battery (Electrochemistry, USA, UK) 1988: Thin film transistor LCD displays (Liquid crystal research, cholesterol from carrots, Germany) 1965: The “Fast Fourier Transform” revolutionizes the field of signal processing (Mathematics) 1947: Discovery of the transistor (Solid state physics, USA) 1905: Theory of Relativity (Physics)

One of the major driver of innovation is curiosity No amount of R&D on the candle could ever have done that. No amount of R&D on the candle could ever have done that. Michael Faraday

Universities transform money into knowledge The industry transforms knowledge into money Science, Technology and Innovation

Science and Technology Research and Development Technologies and products University Scientific Research Reservoir of knowledge Curiosity Industry Market

$M Annual sales of products based on technologies developed at the Weizmann Institute of Science Yeda Research and Development The industry transforms knowledge into money

Another critical “tech-transfer” from universities to the world of innovation is excellent higher education! Curiosity driven research programs are excellent not only for getting the right knowledge, but for creating the right culture of innovation

Innovation is not the product of logical thought, although the result is tied to logical structure. Albert Einstein Thank you