A technological innovation system explains the rate and quality of technological change. It is a part of the bigger theoretical school, the Innovation system approach. For more details, visit : https://mitidinnovation.com/recreation/framework-for-technological-innovation-system/

1. Framework For
Technological Innovation
System
MITID Innovation

2. A technological innovation system
explains the rate and quality of
technological change. It is a part of the
bigger theoretical school, the Innovation
system approach. Technological change
is the process of invention, innovation,
and diffusion of a newly-developed
technology or gadget. Knowing and
understanding its rate falls under the
system of technological innovation.

3. Analyzing a technological innovation
system helps evaluate the structures and
processes of a technological field that
support and develop it. The central
ideology behind this system states that the
factors which determine technological
change are present in both individual firms
and societal structures. Stats suggest that
70% of customers prefer it when
companies collaborate on their behalf.

4. A structure is one of the components
involved in the technological innovation
system. There are three structures of this
system:
Structure of the Technological
Innovation System

5. The actors in the innovation system are
responsible for generating, diffusing, and
utilizing different technologies. Actors play
the role of developer, adopter, regulator,
financier, or another role in the innovation
system. Actors may vary from private actors
to public actors as they are not bound to
work in a specific industry. The
interrelations between actors directly affect
the development of the innovation system.
Actors

6. Institutes are the rules decided by an
authority or a group of actors. Authorities
define rules for formal institutions, while a
group of actors define rules for informal
institutions. Informal institutions have
further two categories, normative or
cognitive. Normative rules value moral
significance, and cognitive rules denote
the collective mind frames.
Institution

7. Features involved in the technological
structures, such as artefacts and
technological infrastructures, help
understand the feedback from a
technological and institutional perspective.
All types of technological changes and
inventions affect the working of institutions
and firms, sometimes positively and
sometimes negatively.
Technological Factors

8. The structures discussed above remain
stable over time, making them the perfect
components in an innovation system.
However, these structures do not completely
satisfy the latest emerging technologies.
One such framework is the seven system
functions by Hekkert. As the name suggests,
it has seven functions explained here:
Seven System Functions

9. Entrepreneurial Activities:
An entrepreneur is someone who converts
knowledge to business opportunities through
experiments. This function uses projects like
experiments and demonstrations to depict
the value of new technology in a commercial
environment.
Knowledge Development:
This function focuses on learning activities
regarding the new technology. Some of the
types of learning activities are learning-by-
doing and learning-by-searching.

10. Knowledge Diffusion:
The network works on the exchanging of
knowledge among all the actors. This
exchange can happen through
collaborations, partnerships, meetings,
conferences, and workshops. The spread
of the new technology ensures its usage
and popularity.

11. Search Guidance:
Actors support the new technology, and
the search guidance function depicts the
activities that construct the requirements
and expectations of the actors involved so
that they continue supporting the
technology. This function can be positive
or negative, depending on the actors.

12. Market Formation:
The market formation function ensures
that there is a demand for the new
technology so that it does not disappear in
the crowd of existing competing
technologies.
Resource Mobilization:
Activities involved in this function help in
the development of other technologies,
like subsidies and investments for new
developments.

13. Support from Coalitions:
To ensure that the actors from other
technology groups do not oppose the new
technology, this function introduces
political lobbies to support it.

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Conclusion

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