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Disruptive Technologies Turning Ideas into Wealth Vancouver – June 5-6, 2003.

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Presentation on theme: "Disruptive Technologies Turning Ideas into Wealth Vancouver – June 5-6, 2003."— Presentation transcript:

1 Disruptive Technologies Turning Ideas into Wealth Vancouver – June 5-6, 2003

2 Convergence Biotech Genes Atoms Nanotech Computers Bits Neurons Networks

3 Innovation Landscape ResearchDevelopmentMarketingApplication ScienceTechnologyEconomic Capability Utility, value wealth creation Where are you? Where do you want to go? How will you get there?

4 Opening Statements Benefits of technology to economic development Six (10) Countries programme Need for critical thinking Mix of many players Value of informality ResearchDevelopmentMarketingApplication ScienceTechnologyCapabilityUtility

5 Innovation in Organizations Overview of Christensen model Real World Disruptive for whom? Social and value innovations Organizational inertia Breaking from tradition ResearchDevelopmentMarketingApplication ScienceTechnologyCapabilityUtility Demand Pull Technology Push

6 Technologist Perspective No guarantees – technical risk Skills are scarce – develop and retain Collaboration international (shared) Important social component Funding – public/private approaches ResearchDevelopmentMarketingApplication ScienceTechnologyCapabilityUtility Quantum Computing Nanotechnology

7 Innovation Strategy What would success look like? Targets for: R&D Public/Private participation Skills development Challenge: Resource Competition ResearchDevelopmentMarketingApplication ScienceTechnologyCapabilityUtility National Innovation Plan

8 Working the Numbers Innovation history in British firms Considerable incremental innovation Main hurdle: get beyond prototype Importance of users Innovators tied to key customers Wal-Mart drove US productivity Marketing skills are critical Useful only if used ResearchDevelopmentMarketingApplication ScienceTechnologyCapabilityUtility Customer Dependency

9 Managing National Technology Institutes bridge academic/industry gap Taiwan: industry-centric Identify key products/capabilities Develop technical infrastructure Canada: knowledge-centric Support R&D Develop commercialization strategies ResearchDevelopmentMarketingApplication ScienceTechnologyCapabilityUtility Canada Taiwan

10 Building Talent Internationally competitive challenge Brain drain Chairs, scholarships, institutes Global literacy – innovation does not exist in vacuum Civil society – contribution goes beyond economics: commitment and purpose ResearchDevelopmentMarketingApplication ScienceTechnologyCapabilityUtility I think, therefore I am.

11 Chuck Wessner and the Search for the Innovation Grail in the Valley of Death Total research up But … Close to market (lack of basic research) Not balanced across disciplines Big jump for security Focus on allocative mechanisms – the entrepreneurial environment is complex ResearchDevelopmentMarketingApplication ScienceTechnologyCapabilityUtility

12 Successful Funding Programs (ATP) Extensive evaluation Before, During, After VC sees this as a sign of approval Firms welcome feedback Competitive Clarity of objectives ResearchDevelopmentMarketingApplication ScienceTechnologyCapabilityUtility


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