Adapting to the 21st Century Innovation Environment Proceedings of a Workshop–in Brief (2019) / Chapter Skim
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Adapting to the 21st Century Innovation Environment: Proceedings of a Workshop - in Brief
Adapting to the 21st Century Innovation Environment: Proceedings of a Workshop - in Brief
Pages 1-10
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Curt Carlson, founder and chief executive officer of the Practice of Innovation, LLC, delivered the workshop's keynote address. He defined invention as "something novel reduced to practice" and innovation as the "creation and delivery of new customer value for society with a model for sustainability." A global innovation economy embodies exponential progress, intense competition, new business models, and abundant opportunities, he explained.
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Once value is created, skilled people and entrepreneurs can efficiently produce high-value innovations with societal impact. He emphasized that in a profoundly competitive world, talent and hard work alone are insufficient; a paradigm shift with a focus on value creation is needed.
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He first defined key terms to frame this discussion: invention refers to "coming up with a new product," and innovation involves "the commercial introduction of a developed invention to the market." In order to understand the innovation ecosystem, the following questions are worthy of consideration: • How often do firms obtain the inventions underlying their new commercialized products (i.e., innova tions) from outside sources?
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at Harvard Kennedy School's Belfer Center for Science and International Affairs, also offered an analysis of the modern innovation environment and the societal implications of technological progress. Led by former secretary of defense Ash Carter, TAPP "ensures that emerging technologies are developed and managed in ways that serve the public good." Quoting Carter, Manley explained that this is only possible if "the new generation of technology innovators are encouraged and inspired to as 4
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INDUSTRY ADAPTATIONS IN A GLOBAL INNOVATION ECONOMY A panel of industry representatives discussed their approaches toward global innovation and how their industries have transformed over the last several decades. Andre Argenton, vice president of core R&D at the Dow Chemical Company, provided data to show that the chemical industry continues to change as the global innovation environment evolves.
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He added that venture capital plays a role in national security developments, and that Lockheed Martin can make targeted investments to companies who could be strategically important. Unlike Dow and Ford, Samanta Roy noted, 99 percent of Lockheed Martin's work is done with government clients -- a highly regulated environment that is very different from the commercial sector.
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Suzich and Bell suggested that attrition could be viewed as a positive both for individuals who investigate new career opportunities and for companies who are in need of new talent to explore emerging technology areas. GOVERNMENT SUPPORT FOR RESEARCH IN THE 21ST CENTURY INNOVATION ENVIRONMENT The final session of the workshop considered the challenges and opportunities facing government agencies adapting policy and funding mechanisms to suit the 21st century innovation environment.
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• The Partnerships for Innovation program funds universities to demonstrate the commercial potential of their basic research. • The Innovation Corps program translates fundamental research to the market.
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DARPA has to develop guidelines to help evaluate foreign investment in technologies in terms of threats to national security versus smart leverage of available capital; in other words, when is speed of innovation more important than control? The United States has to decide how to protect U.S.-funded national security technologies without decreasing the pace of innovation or collaboration.
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2019. Adapting to the 21st Century Innovation Environment: Proceedings of a Workshop -- in Brief.
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