Innovation Economics Next


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  • The title of this presentation is Innovation Economics. Here we ask the question; “What comes after the Knowledge Economy?”. The Earth’s image in the hands of a young person represents where we are today. There simply is no single person, country, ideology, or philosophy can meet the challenges of the future – everyone will be required to participate and everyone has a stake in the outcome. Innovation Economics presents a very optimistic future. There are a series of simple things that we can do today using existing tools that can have profound impact on future economic growth and the sustainability of our resources. Unfortunately, corporations and government are just not structured to make these changes for us, we’ll need to work together on this one - and at the end of this presentation, we will call for your help in building the Innovation Economy. This discussion is for the knowledge worker. You make your money through your knowledge, experience, relationships, and creativity. You set your priorities based on these things. Many of you are looking around your World with a deep sense that something very new, something very exciting, and something hugely lucrative is coming down the road. We believe that Innovation Economics is it.
  • Innovation Economics Next

    1. 1. Innovation Economics: What Comes After Debt Economics?
    2. 2. Innovation  Human Productivity <ul><li>-50,000 -10,000 -1000 -100 -40 Now + 20 </li></ul>Years
    3. 3. <ul><li>Currency </li></ul><ul><li>Inventory </li></ul><ul><li>Institutions </li></ul><ul><li>Entrepreneurs </li></ul><ul><li>Business Plans </li></ul>Silicon Valley Research Labs Japan Steve’s Garage = Innovation $ Integrated Not Integrated
    4. 4. <ul><li>Currency </li></ul><ul><li>Inventory </li></ul><ul><li>Institutions </li></ul><ul><li>Entrepreneurs </li></ul><ul><li>Business Plans </li></ul>
    5. 5. <ul><li>Information = facts and data </li></ul><ul><li>Knowledge : The rate of change of Information. </li></ul><ul><li>Innovation : The rate of change of </li></ul><ul><li>knowledge. </li></ul>Currency of Trade:
    6. 6. <ul><li>Land </li></ul>Factors of Production - 20 th Century Labor Capital
    7. 7. <ul><li>Social </li></ul><ul><li>Capital </li></ul>Factors of Production – 21 st Century Intellectual Capital Creative Capital
    8. 8. <ul><li>Currency </li></ul><ul><li>Inventory </li></ul><ul><li>Institutions </li></ul><ul><li>Entrepreneurs </li></ul><ul><li>Business Plans </li></ul>
    9. 9. Your Résumé is a Book About You Books Are Classified With The Dewey Decimal System
    10. 10. Your Résumé is a Book About You Books Are Classified With The Dewey Decimal System
    11. 11. Computer Readable Résumé <ul><li>Numbers instead of words </li></ul><ul><li>302, 307, 330, 607, 17, 500, 519 </li></ul>
    12. 12. Your Knowledge is Like a Network of Books And Relationships
    13. 13. Computer Readable Résumé <ul><li>Use Symbols to Connect </li></ul><ul><li>(+) Addition; List of skills </li></ul><ul><li>(/) Extension; Range of Skills Describes a System </li></ul><ul><li>(:) Relation; e.g. Relation of ethics to art </li></ul><ul><li>[] Algebraic sub grouping; </li></ul><ul><li>(=) Language; e.g. =20 in English; 31 = in Swedish </li></ul>* ref: Universal Decimal Classification System
    14. 14. Computer Readable Résumé <ul><li>Numbers and symbols instead of words: </li></ul><ul><li>{20,12};[302+307], (330):[607+17]+[500/519] </li></ul>
    15. 15. Looks Like Money All financial assets have a quantity and a quality assigned to them so they can be analyzed by entrepreneurs
    16. 16. Computer Readable Résumé <ul><li>A series of numbers, symbols, and probabilities…. </li></ul><ul><li>{20:95%,12:80%};[302+330]70%:(607+17)80% </li></ul><ul><li>+[500/519]90% </li></ul>
    17. 17. <ul><li>Currency </li></ul><ul><li>Inventory </li></ul><ul><li>Institutions </li></ul><ul><li>Entrepreneurs </li></ul><ul><li>Business Plans </li></ul>
    18. 18. Debt Assets Net income Liabilities Bankruptcies Credit “pulls” Financial stability + 30 more Credit Cards Insurance Public Record Employer Banks Creditors Social Security Likelihood that you will default On your obligation Credit Markets
    19. 19. Likelihood some combination of people can successfully execute a business plan at a known cost determined by supply and demand Knowledge Markets
    20. 20. Percentile Search Engine <ul><li>The Percentile Search Engine is a way of using a computer to make predictions about all types of combinations of knowledge Assets. </li></ul>
    21. 21. <ul><li>Currency </li></ul><ul><li>Inventory </li></ul><ul><li>Institutions </li></ul><ul><li>Entrepreneurs </li></ul><ul><li>Business Plans </li></ul>
    22. 22. The Financial Bank Surplus (Supply) Deficit (Demand) Connect With
    23. 23. The Innovation Bank Knowledge Supply Knowledge Demand Connect With
    24. 24. <ul><li>Currency </li></ul><ul><li>Inventory </li></ul><ul><li>Institutions </li></ul><ul><li>Entrepreneurs </li></ul><ul><li>Business Plans </li></ul>
    25. 25. In Parallel The Brain Storming Session S D
    26. 26. In Series; The Product Development Cycle
    27. 27. The Social Network Very small input Very high output Infinite combinations of parallel and series circuits across a knowledge inventory
    28. 28. The Multiplier Effect; Tangential Innovation Aircraft Composite Technology Transportation Recreation Energy Health Care
    29. 29. A Self-Regulating System Transparency, collaboration, quality, honesty Corruption, Fraud Incompetence Punishes Bad Information: Rewards Good information:
    30. 30. <ul><li>Currency </li></ul><ul><li>Inventory </li></ul><ul><li>Institutions </li></ul><ul><li>Business Plan </li></ul><ul><li>Entrepreneurs </li></ul>The Capitalization of Knowledge
    31. 31. <ul><li>Financial Bank: </li></ul><ul><li>Have the knowledge – Search for the money </li></ul>Innovation Bank Have the Money – Search for the Knowledge
    32. 32. The Virtuous Circle The more knowledge that you find, the more money you can borrow The more money that you can find, the more knowledge you can borrow =
    33. 33. Innovation Bonds Diversify risk away, combine cash flows, divide into bonds, issue to investors, finance more innovation
    34. 34. Predictions for the year 2020 <ul><li>Social networks will become Corporations </li></ul><ul><li>The resume system will disappear </li></ul><ul><li>Universities will respond to supply and demand, Combinations of knowledge assets rather than degrees </li></ul><ul><li>Teachers forego salary and take equity position in students instead. </li></ul><ul><li>People will migrate toward what are naturally good at, no definite job description. </li></ul><ul><li>Innovation Bonds will return 80% risk free – investors flood market with venture capital. </li></ul><ul><li>The fed will peg the dollar to productivity, not gold. </li></ul><ul><li>Social Priorities will drive investment priorities rather than Wall Street </li></ul>
    35. 35. <ul><li>-50,000 -10,000 -1000 -100 -40 Now + 20 </li></ul>Years What Comes After The Knowledge Economy?
    36. 36. What is Next? Ingenesist is an open source research effort seeking to start a World-wide conversation about the Innovation Economy. Are you an Ingenesist?