Rotman 29.10.12
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Rotman 29.10.12






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Rotman 29.10.12 Rotman 29.10.12 Presentation Transcript

  • INNOVATIVE IS A BETTER ADJECTIVETHAN INNOVATION IS A NOUN Innovative companies Innovative economic cultures Innovative ecosystems Innovative universities Innovative individuals Innovative societies
  • INNOVATION IS NOT…….. ….the same thing as creativity (although there is a Venn diagram overlap ….the same thing as entrepreneurship (although there is a Venn diagram overlap ….the same thing as commercialization (although there is a Venn diagram overlap) ….the same thing as competitiveness (although there is a Venn diagram overlap
  • AGRA, AMSTERDAM, SILICONVALLEY If a visitor from the planet Neptune came to earth and wanted to be taken to the technological frontier, where would he/she/it go? In 1300 - Incan Peru? In 1400 - China In 1500 - the Moghul Empire In 1600 - Amsterdam In 1900 - London/Manchester In 1990 - Silicon Valley In 2020 - ????????
  • PETER THE GREAT GOES INCOGNITOTO AMSTERDAM The development of science in a world of converging cultures (Spanish exiles come to Amsterdam) Moghul Empire is a multilingual diverse centre of learning Silicon Valley is defined by its Asian, east European presence (from Brin to Khosla, from Google to TIE, it is access to a global talent pool) A place to come to innovate (open society + diversity) is the historical lesson Freedom to experiment, freedom to inquire, freedom to make mistakes and a political economy which sustains this spirit
  • COMPANIES DRIVECOMMERCIALIZATION Bausch is to ophthalmology what Eli Lilly is to agricultural chemistry Monsanto is to agricultural biotechnology what Nikon and Canon are to lens innovation Google, Intel, Apple and Cisco purchase is a significant percentage of venture capital exits in Silicon Valley Siemens has 200+ venture capital investments NEED FOR A STRONG CORPORATE BASE
  • DESIGNING AN INNOVATIVEECOSYSTEM The most scientifically literate society will be the most competitive in economic terms. No economy can innovate without corporations which are the transmission belt for ideas to commercial product (SIEMENS, MONSANTO, CISCO, ERICSSON, GLAXO, NOVAR TIS). Innovation only takes place within a climate of economic security where people are stakeholders in change so social democratic societies are more competitive over the longterm than boom-and- bust economies. If we have no manufacturing sector, we lose the skills for design and production which are a critical ingredient of innovation.
  • WHAT TO DO CAPITAL FORMATION: Networks and capital formation in an era of global mobility SCIENTIFIC LITERACY: Scientific literacy: the secret to competitiveness. LABOUR MARKET STRATEGIES: Social media and labour market strategies: incubating talent and designing learning networks NEW VALUE CREATION: Big data and value creation in an era after DeCode PRODUCTIVITY IN AN AGE IF DISTRACTEDNESS: Technological literacy, distractedness and longterm productivity.
  • COULD TORONTO BE THE GLOBALCENTRE FOR HEALTH INNOVATIONSTART-UPS - Ecosystem of medical innovators History of medical venture capital MDS Ventures becomes Lumira Global leadership SANDRA ROTMAN CENTRE Needing venture capital specialized funds
  • THE SHAPE OF A NEW INDUSTRY“I am studying healthcare innovation”.“Mobile health care is an industry”.A HEALTH EXPERT AT YOUR FINGERTIPS (Dina Behrman TELEGRAPH) h/9621612/A-health-expert-at-your-fingertips- the-latest-medical-apps.html
  • OTHER INNOVATORS IN DESIGN ANDMEDICINE NORTHWESTERN initiatives/current%20projects1/ ml NEW MEDIA MEDICINE MIT MEDIALAB MEDIALAB ePatients health-wellness-2012-ten-day-innovation-fest-six-us-centered-projects.html IMPERIAL COLLEGE (London) Virtual Worlds mes/virtualworlds/
  • VENTURE CAPITAL PORTFOLIO STRATEGIES FOR INNOVATIONIN HEALTHCARE - THE ECONOMIC ENVIRONMENT Frazier Healthcare Biodesign at STANFORD Partners Innovation Fund vation_fund Versant Ventures
  • NEW INDUSTRIES BEINGCREATED Not just new companies, but new industries. HEALTH INNOVATION is a case study, but just one of many. BIOREMEDIATION for waste management NUTRITIONAL analysis for health care Ontario as a centre of health/nutrition/agriculture/environment research commercialization