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KMME 2014 Zaid Hamzah


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Zaid Hamzah's presentation at KM Middle East 2014, Dubai, UAE, 12 March 2014

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KMME 2014 Zaid Hamzah

  1. 1.­‐                                                                                info@km-­‐  1   Emergence  of  the     Intellectual  Capital  Economy:     Singapore’s  Na�onal  Experience  in   Strategic  Knowledge  Management   Insights  from    Zaid  Hamzah     1   2   Synopsis Emergence of the Intellectual Capital Economy: Singapore’s National Experience in Strategic Knowledge Management Talk by Zaid Hamzah Managing a nation’s intellectual capital assets to drive growth has become a strategic imperative. Recognizing the economic value of intellectual capital and knowledge assets in promoting national competitiveness, Singapore has developed the strategic roadmap and has designed its economy to become an intellectual capital economy. With almost US$13 billion allocated (2011-2015) for research and innovation, how will Singapore secure its returns on knowledge investments? How will Singapore design the next intellectual capital economy against the context of an increasingly complex knowledge-intensive global economy? How will Singapore shape the new growth order in the constantly shifting geo- strategic economic landscape? 3     Author of 9 books including “Intellectual Property Law & Strategy” “Creating Value From Technology Innovation*”   Technology Innovation & Investment Lawyer   Associate Lecturer, RMIT University Past   Director for Intellectual Property at Microsoft, Asia Pacific,   Chief Legal, Regulatory & Compliance Officer, Telekom Malaysia   Founder of start up software company, i-Knowledge Technologies Pte Ltd (dot com days….) About  Zaid  Hamzah   Present  Role:     Strategic  Advisor  to  governments,  enterprises,  research  ins�tu�ons  on  IPR,   technology  commercializa�on,  IP-­‐based  financing,  intellectual  capital  management   Company  website:     Strategic  Intellectual  Capital   Prac��oner   Intellectual  Property  Strategist   Founder  ,  Intellectual  Futures   * 7 other books on Media & Entertainment, Strategic Legal Risk Management, Electronic Security Law, Information Technology Contracts, Biotechnology, Biomedical Science Law, Private Equity and Venture Capital IA        Intellectual  Asset   IC        Intellectual  Capital   ICM        Intellectual  Capital  Management   ICAM                      Intellectual  Capital  Asset    Management   ICAP        Intellectual  Capital  Asset  Program   IC        Intellectual  Capital   ICT        Info-­‐Comm  Technology   IPR        Intellectual  Property  Rights   IPM        Intellectual  Property  Management   SIPM                            Strategic  IP  Management     Acronyms   4   5   Intellectual    Capital    can  be    used  to  generate  wealth  through  investment  .   Examples  of  intellectual  capital  include    knowledge  created  from  human     innova�on  ,    corporate  brands  and  intellectual  property  rights  like  patents  and   copyrights  (eg  in  so�ware)    -­‐  all  of  these  things  are  inputs  that  can  be  used  to   create  wealth.         Like  physical    capital  (eg  technology-­‐driven  machinery)  intellectual  capital    are   used  in  produc�on  to  generate  wealth.    To  create  wealth,  intellectual    capital     are    typically  combined  with  labor  (the  work  of  individuals  who  exchange  their   �me  and  skills  for  money)  and  financial  capital.       Intellectual  capital  has  value  because  of  proprietary  rights.  Individuals  or   companies  can  claim  ownership  to  their  intellectual  capital  and    exploit  it  as   they  deem  fit.    They  can  also  transfer  ownership  of  their  intellectual  capital  to   other    individual  s  or  corpora�ons  and  keep  the  sale  proceeds.     Intellectual  Capital  &  Knowledge   Defini�on  and  parameters…..   The  Emerging  Singapore   Intellectual  Capital  Economy   Research  Powerhouse   Innova�on  Capital   Robust  Entrepreneurial  Hub  
  2. 2.­‐                                                                                info@km-­‐  2   7  Strategic  IP  Thought  Leadership  IP  Financial  Marketplace   Risk  Capital  Injec�on   $  16  billion  R&D     Academic  R&D   8   Tiny  li�le  red  dot……   The  geography  of  complexity……   Designing  the  next  economic  space   THE  EMERGING  INTELLECTUAL   CAPITAL  ECONOMY   Since  Singapore  can  never  be  an  “aircra�   economy”  (like  China  and  India)  it  can  be  a   small,  luxury,  high  value  yacht…..char�ng   new  growth  pathway  in  a  new  order   The  Silicon  Valley  of  Asia……   The  New  York  of  Asia  ……   The  Boston  of  Asia….    Asia’s  Intellectual  Capital   Playing  in  the  emerging  intellectual   capital  equity    space   The  Se�ng     Managing  a  na�on’s  intellectual  capital  assets  to  drive   growth  and  wealth  crea�on  has  now  become  a  strategic   economic  impera�ve.       In  the  race  of  na�ons,  all  countries,  whether  developed   or  emerging,  recognize  the  economic  value  of   intellectual  capital  in  promo�ng  na�onal   compe��veness.       Singapore  has  started  the  design  of  its  own  new   intellectual  capital  economy…..many  others  will   follow…….   9   INTELLECTUAL  CAPITAL   Innovation Creativity Insights Experience Know how Management skills Relationships Patent Copyright Trademark Design rights Trade secrets Human Capital Invention Technology Brand Systems Process Methodology Database Intellectual Capital comprises human capital, intellectual assets and intellectual property rights which overlap Intellectual     Assets   Intellectual   Property  Rights   10   11   The  Big  Strategic  Picture   Within   the   last   quarter   century,   the   market   value   of   the   S&P   500   companies  has  deviated  greatly  from  their  book  value.  This  "value  gap"   indicates   that   physical   and   financial   accountable   assets   reflected   on   a   company's  balance  sheet  comprises  less  than  20%  of  the  true  value  of   the  average  firm.    Research  from  Ocean  Tomo,  a  leading  IPR  Investment   Banking  firm,  shows  that  a  significant  por�on  of  this  intangible  value  is   represented  by  patented  technology.     12  Source:  
  3. 3.­‐                                                                                info@km-­‐  3      Economic  Transforma�on:  From  “IP  nega�ve”  to  “IP  posi�ve”   Source:  Tynax  presenta�on  slides  (Jon  Rortveit)   Japan  took  30  years  while  South  Korea  took  15  years.     13   14   What  is  the  new  wealth  of  na�ons  ?    Answer:  Intellectual  Capital……   Source:  Singapore  Na�onal  Research  Founda�on   Economic  transforma�on  is  already  taking  place   Factor-­‐driven   economy   Efficiency-­‐driven   economy   Innova�on-­‐driven   economy   Challenge:  How  to  accelerate  the  transforma�on,  grow  the   economy  and  capture  new  value   16   Different  value  drivers  affect   different  regions/countries  along  the   development  path   It  is  easy  to  move  from   factor-­‐driven  economy   to  efficiency-­‐driven   economy  –  but  it  is   much  more  difficult  to   move  from  efficiency-­‐ driven  to  innova�on-­‐ driven    economy   17   The  Singapore  Economy:  Sectoral  Contribu�ons   From  Service  Economy  to  Intellectual  Capital  Economy   18   From  Service  Economy  to  Intellectual  Capital  Economy   “A*STAR    -­‐  unique  role  in  Singapore’s  innova�on  ecosystem,  as   the  lead  government  agency  in  cul�va�ng  scien�fic,  intellectual   and  human  capital”      Dr  Charles  Wessner,  Director  of  the  Academies  Innova�on  Program    
  4. 4.­‐                                                                                info@km-­‐  4   20   “R&D  is  an  important  ac�vity  in  a  knowledge-­‐ based  economy  like  Singapore.       Through  R&D,  we  discover  new  knowledge,   drive  innova�ons  that  improve  our  lives  and   we  develop  new  economic  opportuni�es.       R&D  is  integral  to  Singapore’s  development   strategy  -­‐  It  gives  us  an  edge  against  larger  and   be�er  resourced  countries.    It  helps  us  to  stay   abreast  of  scien�fic  breakthroughs  that  will   transform  our  lives.       It  prepares  us  in  skills  and  exper�se  that  will   enable  us  to  exploit  new  industries  and  new   economic  opportuni�es”     PM  LEE  HSIEN  LOONG   Singapore  Budget  2014   Deputy  Prime  Minister   Mr  Teo  Chee  Hean   September  2013   Economic  Development   Board   SINGAPORE  ECONOMIC  DEVELOPMENT  BOARD   Interna�onal  Advisory  Council   September  2013   23   24   Source:  IPOS  
  5. 5.­‐                                                                                info@km-­‐  5   Smart  City  Project   25   26   “So�”�  power     Knowledge  as  a  source  of   enduring  compe��veness     28   Singapore’s  Strategic  Assets  &  Enduring  Compe��ve  Advantage     29     What  was  once  our  strategic   weakness  is  now  a  source  of   thought  leadership  and   compe��ve  advantage     PM  LEE  HSIEN  LOONG     On  Singapore’s  Water  Supply.......   Strategic  Thoughts……   30   The  changes  taking  place  in   manufacturing  are  evolving  in  a  way  that   is  advantageous  to  us  because  they   require  less  land,  less  labour,  but  more   knowledge  and  more  produc�vity     EDB’s  Interna�onal  Advisory  Council  Sept  2013   The  Knowledge  Advantage  ….…..   Strategic  Thoughts……  
  6. 6.­‐                                                                                info@km-­‐  6   31   With  the  rise  of  global  trends  like  new  business   models  and  growing  “C2B”  (consumer  to  business)   market  where  customiza�on  is  key,  companies  will   compete  on  how  quickly  they  can  adapt  to  meet  the   needs  of  their  customers  rather  than  on  the  speed  of   their  processes  or  cost  of  their  products     EDB’s  Interna�onal  Advisory  Council  Sept  2013   The  Knowledge  Advantage  …..Applied  Analy�cs…..   Strategic  Thoughts……   32   Expor�ng  Knowledge  Capital    ”We need experts to tap on the knowledge of emerging trends, technological advances and existing capabilities so that we can identify what are the promising research areas to pursue. We need the industry and agencies to translate findings into practical and economically-viable solutions for us, some of which hopefully can then be exported overseas. We need the Government and the population to be involved because finally, if we are going to change the city and change the way we use space and organize ourselves, the state has to take the lead, make things happen and people have to understand and make the system work”    PM  Lee  Hsien  Loong   November  2012   34   Expor�ng  Development  Exper�se   35   Expor�ng  City  Design  Experience   36   Expor�ng  Exper�se  in  Sustainable  Development  
  7. 7.­‐                                                                                info@km-­‐  7   37   Expor�ng  Exper�se  in    Port  Management   38   Case  Study  in   Industrial   Infrastructure   Building   39   Intellectual  Property  in  the   Financial  Marketplace   IP  as  a  new  financial  asset  class     Over  the  past  few  decades,  IP  has  emerged  as  a   valuable  asset  class  in  financial  markets  along   with  real  estate,  equi�es,  fixed  income,  cash   equivalents  or  money  market  instruments  and   commodi�es.     40   41   Asset  Class  Types   Real Estate Stocks/ Equities Fixed Income Cash equivalents PE IPR has emerged as an asset class PE: Private Equity IPR: Intellectual Property Rights IPR 42   Soon  to  be  launched  in  Singapore……  
  8. 8.­‐                                                                                info@km-­‐  8   43   1.  What   is   the   development   and   commercial  model  for  the  UAE?   2.  What  is  the   op�mal  strategy   for  the   transforma�on   into   the   knowledge   economy?   3.  What  are  the  challenges?   Issues  for  Reflec�on   END   44