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Skolkovo Summit of
Innovation Economy Creators

       April 19, 2012
1) Innovation has evolved
Reverse innovation
Open source innovation
Large scale innovation
User centered design
Design thinking
Digital innovation
Indigenous innovation
Sustainability innovation
“Do more with less”
“Winning the future”
Industrial Innovation - mass production,
     economies of scale, learning curve
     effects, improvement

High Tech Innovation - “startup nation,”
     r & d, venture capital, culture of
     entrepreneurship, disruptive technologies,
     engineering prowess

Innovating Innovation - design thinking, social
     innovation, government 2.0, wicked problems,
     cultural intelligence, mashups and arbitrage, social
     collaboration, STEAM
2) Innovation has globalized
A New Definition of Wealth
•Traditional definition– Stuff.Money in the
 bank, oil in the ground, assets with an
 economic life. Nouns.


•New definition - The sum of innovation ability,
 foresight, agility, risk appetite, and ability to
 experiment that continuously transforms what
 is possible into what is valuable. Verbs.
3) Scale matters, sort of
4) Risk-taking and failure are fundamental to
                 innovation
5) Trust and community are the glue
     of an innovation ecosystem
6) Infrastructure is turning “inside-out”
7) Innovation depends on freedom from preconceptions

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John Kao — Skolkovo Summit of Innovation Economy Creators

  • 1. Skolkovo Summit of Innovation Economy Creators April 19, 2012
  • 3. Reverse innovation Open source innovation Large scale innovation User centered design Design thinking Digital innovation Indigenous innovation Sustainability innovation “Do more with less” “Winning the future”
  • 4.
  • 5. Industrial Innovation - mass production, economies of scale, learning curve effects, improvement High Tech Innovation - “startup nation,” r & d, venture capital, culture of entrepreneurship, disruptive technologies, engineering prowess Innovating Innovation - design thinking, social innovation, government 2.0, wicked problems, cultural intelligence, mashups and arbitrage, social collaboration, STEAM
  • 6. 2) Innovation has globalized
  • 7. A New Definition of Wealth •Traditional definition– Stuff.Money in the bank, oil in the ground, assets with an economic life. Nouns. •New definition - The sum of innovation ability, foresight, agility, risk appetite, and ability to experiment that continuously transforms what is possible into what is valuable. Verbs.
  • 9. 4) Risk-taking and failure are fundamental to innovation
  • 10. 5) Trust and community are the glue of an innovation ecosystem
  • 11. 6) Infrastructure is turning “inside-out”
  • 12. 7) Innovation depends on freedom from preconceptions