Tugiad Sept25

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Tugiad Sept25

  1. 1. From Ideas to the Market : Dynamics of Innovation A. Mete ÇAKMAKCI Technology Development Foundation of Turkey TUGİAD Meeeting : “New and Renewable Business” İstanbul, 25 September 2009
  2. 2. Mobilizing Innovation “ Business selling low-carbon goods and services now generate more revenue than the aerospace and defence sectors combined...” – Financial Times , Sept. 18, 2009 “ If we can bring “chip guys” together with “engine guys” then we can open the way for developing the clean, software-rich car of the future” … “Such breakthroughs happen only when conventional wisdom is ignored and cross-fertilisation through ‘managed conflict’ is encouraged. ” – Vinod Khosla
  3. 3. New Inspirations for Innovation Innovation and technology will help us develop an inclusive and responsible society. World’s most water efficient hygiene products. World’s most advanced intelligent non-invasive orthopaedics .
  4. 4. A Definition of Innovation Creating new VALUE using/utilizing existing/available KNOWLEDGE
  5. 5. Characteristics of Innovation <ul><li>Innovation does not involve the knowledge creation process. </li></ul><ul><li>Innovation is opportunistic and takes initiative. (Therefore often associated with entreprenuership – how about intrapreneurship?) </li></ul><ul><li>Value is a perception (hence the dynamic nature of innovation) Often times, most valueable innovations are `non-technical’ </li></ul><ul><li>Innovation involves acquisition/processing of knowledge (‘experience’ and ‘access’ needed?) </li></ul><ul><li>Knowledge (not necessarily technical or scientific) is the main barrier to/frontier of innovation. </li></ul>
  6. 6. The Process of Innovation Innovation is a dynamic problem of interrelated processes and disciplines.
  7. 7. Nesting for Innovation Innovation takes systematic patience : after 2 years of hard work and 500 K USD of investment ...
  8. 8. Managing Innovation Source : Rouvinen and Yla-Anttila, ‘Little Finland’s Transformation to a Wireless Giant’ Managing change is a multi-dimensional innovation problem.
  9. 9. Global Map of Innovation Source : Tim Gulden, UMD, Richard Florida, U of T, Pekka Himanen, HIIT , 2005 Patent s Publications
  10. 10. Open Innovation
  11. 11. Crowdsourcing for Innovation <ul><li>“ Crowdsourcing” is a term for the </li></ul><ul><li>act of taking tasks traditionally </li></ul><ul><li>performed by an employee or </li></ul><ul><li>formal contractor, and assigning it </li></ul><ul><li>to an undefined, generally large </li></ul><ul><li>group of people or community </li></ul><ul><li>in the form of an open call. It is a </li></ul><ul><li>distributed problem-solving </li></ul><ul><li>and production model. Problems </li></ul><ul><li>are broadcast to an unknown </li></ul><ul><li>group of solvers in the form of an </li></ul><ul><li>open call for solutions. </li></ul>
  12. 12. UserDriven Innovation <ul><li>“ User innovation” refers to </li></ul><ul><li>innovation driven by end users, </li></ul><ul><li>rather than suppliers or the </li></ul><ul><li>manufacturer. Products are </li></ul><ul><li>developed to meet the widest </li></ul><ul><li>possible need; when individual </li></ul><ul><li>users face problems that the </li></ul><ul><li>majority of consumers do not, </li></ul><ul><li>they have no choice but to develop </li></ul><ul><li>their own modifications to existing </li></ul><ul><li>products, or entirely new products, </li></ul><ul><li>to solve their issues. </li></ul>
  13. 13. Innovation Branding
  14. 14. Networks of Innovation Regions Source : 2007 Index of Silicon Valley
  15. 15. Implications for Public Policy <ul><li>Dynamics of innovation is constantly evolving at a global scale </li></ul><ul><li>Fast and cheap access to information at a global scale facilitates diffusion of innovations through global communities/eco-systems of innovation. </li></ul><ul><li>Static/classical support-supply push model of public policy is becoming less and less irrelevant. </li></ul><ul><li>Public agents should adopt changing and flexible roles, with the priority of developing sustainable private structures, as equal and value adding partners. </li></ul><ul><li>Public programs should support ‘smart money’ with the right dose of persistent thematic prioritization. </li></ul>

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