Creating Regional Wealth in the Innovation Economy <ul><li>Models </li></ul><ul><li>Perspectives </li></ul><ul><li>Best Pr...
Presentation content <ul><li>Why we wrote this book </li></ul><ul><li>Our approach </li></ul><ul><li>Major observations </...
Who Is? <ul><li>Narayana Murthy </li></ul><ul><li>Lee Quan Hew </li></ul><ul><li>Vinod Khosla </li></ul><ul><li>Muhammad Y...
 
Why We Wrote This Book <ul><li>Digital divide  </li></ul><ul><li>Narrow focus of most books on the topic </li></ul><ul><li...
Core Questions <ul><li>Where is the right place to be? </li></ul><ul><li>Principles and practices enabling regions to adap...
Levels of Understanding <ul><li>Data </li></ul><ul><li>Information </li></ul><ul><li>Insight </li></ul>Indian Institute of...
Our Approach <ul><li>Academic </li></ul><ul><li>Journalist </li></ul><ul><li>Consultant </li></ul><ul><li>Models </li></ul...
Hypotheses <ul><li>Innovation Economy Linked </li></ul><ul><li>Regions </li></ul><ul><li>Collaborative Entities </li></ul>...
How We Worked <ul><li>Project teams in regions </li></ul><ul><li>Face to face interviews as possible </li></ul><ul><li>For...
Regions Selected <ul><li>Silicon Valley </li></ul><ul><li>Ireland </li></ul><ul><li>Sweden </li></ul><ul><li>Munich </li><...
 
Ways To Read By  <ul><li>Region </li></ul><ul><li>Sector </li></ul><ul><li>Perspectives </li></ul><ul><li>Compare approach...
Major Observations <ul><li>Attitude drives accomplishment </li></ul><ul><ul><li>Reverence for knowledge </li></ul></ul><ul...
Major Observations <ul><li>Education and investment in people is a clear priority for governments </li></ul><ul><ul><li>Ma...
Major Observations <ul><li>A convergence of societal institutions must work together for a region to succeed </li></ul><ul...
Major Observations <ul><li>Entrepreneurial risk must be  rewarded and encouraged for individuals </li></ul><ul><ul><li>Sto...
Major Observations <ul><li>There is an evolution to regional success and working up the value chain </li></ul><ul><ul><li>...
Major Observations <ul><li>Successful regions have staked out important distinctive competencies </li></ul><ul><ul><li>Lev...
Major Observations <ul><li>Technological innovation is viewed as a liberating factor for regions and people who have a sel...
In Conclusion For much of the world, poverty, ignorance, and societal dysfunction has led many to despair, anger and fanat...
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Results of study about how nine regions have created wealth from linking into the Innovation Economy. Based on book Creating Regional Wealth in the Innovation Economy

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  • Open with Pen: Catholic/Protestant: English or German nokia: helsinki in US toshiba components; drive a toyota, bank with orange, Regions across borders are more similar to each other than within their own country: SF and Boston, Calgary and Denver, London and New York Without economic justice and equity there can be no social justice and equity; hat is why this is important There is an economic shift in the world due to the shift in creation of value from intangibles of intellectual capital supported by technology that has changed and our thinking should change with it. Einstein said after detonation fo the atomic bomb, now everything has changed except the way we think
  • This si wat I would like to cover
  • So let’s start with changing our way of thinking” Opportunity each represents: Murthy global integration Indian outsourcing: Infosys: perfect storm of digital records, business processes, organization, and Internet Hew: Singapore, Inc; the most successful model for public private partnership Vinod Khosla: SUN; VC for green revolution Muhammad Yunis: Grameen Bank Microfinancing
  • Look familiar, but wait strange map. GDP of countries comparable to GDP of States Rethink our paradigm from countries to regions: Louisiana and Michigan are thirds world Geography is history
  • Daniel Roauch Escp-eap students to silicon valley Multiple disciplines: Tech transfer, marketing To bridge the digital divide and because we had unique set of contacts and access to people at that time
  • Let them read it: Quest for linkage and FDI Multi-nationals were driving the prcoess
  • Data are the facts, statistics (7000 companies in SV) Ireland 1%, IIT 3,000 graduates Information is the relation of data for meaning 1800 networking groups (Ireland 24% FDI vs 1% pop) 100,000 aplicants Insight is the wisdom gleaned from information (Ireland changed to keep the kids the will)
  • Models: Israel military transfer, incubators in Universities, Cambridge compared with IIT Journalist: Mary Harney on economic independence, Carl Cedersholm on e mail for govt Consultant: Framing issues Best practices: Carl Guardino on Business association, Alexander Huang and James Lee on the success of HSIP. Li Chun on Taiwan govt role in getting out of industry once set up
  • Jacques Attali and Lester Thurow Leif Edvinsson Sweden’s exert on regional collective Intelligence IDA in Ireland; Kailash Joshi for TiE
  • Methodology gave us format but regional stories and focus Stockholm on telcomm: taiwan on semiconductor and tech park Munich to encourage entrepreneurship SV public/private partnership Cambridge: Role of university in innovation and incubators
  • Let them read list: Eurocentric not US representative of regions in various staes of development: France and Germany struggling with individual entrereneurship
  • Collaborative Economics: Joint venture silicon valley 2006 index report
  • Banaglore always greeted people with roses
  • Ireland and taiwan as examples TTO in Cambridge or Stanford are essential to commercailize IP. Not simply Ivy Towers; federal grants essential
  • Streamlining the permit process in SV
  • Taiwan contrasted to Germany and France
  • Israel, Taiwan, India Joshi: Diaspora brain gain not brain drain
  • Taiwan, Ireland, Sweden
  • Harney: 800 years with a chip on our shoulder; only when we could trade with Japan as easily as UK were we truly free.
  • This message still holds true
  • Creating Regional Wealth Copy

    1. 1. Creating Regional Wealth in the Innovation Economy <ul><li>Models </li></ul><ul><li>Perspectives </li></ul><ul><li>Best Practices </li></ul>
    2. 2. Presentation content <ul><li>Why we wrote this book </li></ul><ul><li>Our approach </li></ul><ul><li>Major observations </li></ul>
    3. 3. Who Is? <ul><li>Narayana Murthy </li></ul><ul><li>Lee Quan Hew </li></ul><ul><li>Vinod Khosla </li></ul><ul><li>Muhammad Yunus </li></ul>
    4. 5. Why We Wrote This Book <ul><li>Digital divide </li></ul><ul><li>Narrow focus of most books on the topic </li></ul><ul><li>Unique experience in collaboration </li></ul>Neither a recipe book nor a theoretical abstraction…a guide to help people through the wisdom of those who have knowledge and experience. Targeted for regional development and personal career choices.
    5. 6. Core Questions <ul><li>Where is the right place to be? </li></ul><ul><li>Principles and practices enabling regions to adapt to IE </li></ul><ul><li>How can regions plug into IE with their own particular strengths </li></ul><ul><li>Lessons learned for economic development </li></ul><ul><li>How can FDI be attracted and businesses plug into successful regions </li></ul>
    6. 7. Levels of Understanding <ul><li>Data </li></ul><ul><li>Information </li></ul><ul><li>Insight </li></ul>Indian Institute of Technology
    7. 8. Our Approach <ul><li>Academic </li></ul><ul><li>Journalist </li></ul><ul><li>Consultant </li></ul><ul><li>Models </li></ul><ul><li>Perspectives </li></ul><ul><li>Best Practices </li></ul>
    8. 9. Hypotheses <ul><li>Innovation Economy Linked </li></ul><ul><li>Regions </li></ul><ul><li>Collaborative Entities </li></ul><ul><li>Entrepreneurial Champions </li></ul><ul><ul><li>Well known experts </li></ul></ul><ul><ul><li>Leaders in their field </li></ul></ul><ul><ul><li>Active players in the Innovation Economy </li></ul></ul>
    9. 10. How We Worked <ul><li>Project teams in regions </li></ul><ul><li>Face to face interviews as possible </li></ul><ul><li>Format that enabled us to be consistent yet true to local flavor </li></ul><ul><li>Factors selected by region to highlight local dynamics yet eliminate redundancy </li></ul><ul><li>Emphasis on perspectives </li></ul>
    10. 11. Regions Selected <ul><li>Silicon Valley </li></ul><ul><li>Ireland </li></ul><ul><li>Sweden </li></ul><ul><li>Munich </li></ul><ul><li>Cambridge </li></ul><ul><li>Sophia Antipolis </li></ul><ul><li>Taiwan </li></ul><ul><li>Israel </li></ul><ul><li>India--Bangalore and other high tech regions </li></ul>
    11. 13. Ways To Read By <ul><li>Region </li></ul><ul><li>Sector </li></ul><ul><li>Perspectives </li></ul><ul><li>Compare approaches of all for lessons learned </li></ul>
    12. 14. Major Observations <ul><li>Attitude drives accomplishment </li></ul><ul><ul><li>Reverence for knowledge </li></ul></ul><ul><ul><li>Openness to new ideas </li></ul></ul><ul><ul><li>Flexibility to adapt </li></ul></ul><ul><ul><li>Capacity to work with people from other cultures </li></ul></ul>
    13. 15. Major Observations <ul><li>Education and investment in people is a clear priority for governments </li></ul><ul><ul><li>Major universities </li></ul></ul><ul><ul><li>Regional technical colleges </li></ul></ul><ul><ul><li>Research institutions </li></ul></ul><ul><ul><li>Technology parks </li></ul></ul>
    14. 16. Major Observations <ul><li>A convergence of societal institutions must work together for a region to succeed </li></ul><ul><ul><li>Government at all levels </li></ul></ul><ul><ul><li>NGO’s and educational institutions </li></ul></ul><ul><ul><li>Industry and labor </li></ul></ul><ul><ul><li>Venture capital and markets </li></ul></ul>Permeable collaboration has huge implications for individual career choices
    15. 17. Major Observations <ul><li>Entrepreneurial risk must be rewarded and encouraged for individuals </li></ul><ul><ul><li>Stock options and open capital markets </li></ul></ul><ul><ul><li>Environment that does not penalize failure </li></ul></ul><ul><ul><li>Networked society </li></ul></ul>
    16. 18. Major Observations <ul><li>There is an evolution to regional success and working up the value chain </li></ul><ul><ul><li>Low-cost manufacturing and service centers evolve to high end sophisticated regions </li></ul></ul><ul><ul><li>Regional integration between high end and low end is encouraging (Taiwan--China) </li></ul></ul><ul><ul><li>Transnational diasporas are great catalysts for regional development </li></ul></ul>
    17. 19. Major Observations <ul><li>Successful regions have staked out important distinctive competencies </li></ul><ul><ul><li>Leverage regional strengths </li></ul></ul><ul><ul><li>Do not replicate Silicon Valley </li></ul></ul>
    18. 20. Major Observations <ul><li>Technological innovation is viewed as a liberating factor for regions and people who have a self-image as oppressed or disadvantaged </li></ul>Permanent emigration is no longer the only option for their brightest and most ambitious people
    19. 21. In Conclusion For much of the world, poverty, ignorance, and societal dysfunction has led many to despair, anger and fanaticism as the only way to attain human dignity. Perhaps the promise of Creating Regional Wealth in the Innovation Economy will provide another way for the benefit of all.

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