Innovation Management BINASIA – Viet Nam National Workshop 27-28 January 2005 Hanoi, Viet Nam N....
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Transcript of Innovation Management BINASIA – Viet Nam National Workshop 27-28 January 2005 Hanoi, Viet Nam N....
Innovation Management
BINASIA – Viet NamNational Workshop
27-28 January 2005Hanoi, Viet Nam
N. SrinivasanAsian and Pacific Centre for Transfer of Technology
New Delhi, India
Successful exploitation of new ideas
Transformation of knowledge into commercial productsor services
A catalyst – an ingredient in a process to create andsustain wealth
Fundamental source of competitive advantage
What is Innovation ????
Why Innovation ????
Globalization – Technologies and economies
Shift of emphasis from manufacturing to knowledge-based economies
Shortening life cycle of products
Introduce new and improved, added-value products and services
To be competitive
Achieve profits
Re-invest profits in the business
• Macroeconomic Environment • Technology, Innovation and Diffusion • Human Resources: Education, Health and Labour • General Infrastructure • Public Institutions: Contracts and Law • Cluster Development • Company Operations and Strategy • Public Institutions: Corruption• Domestic Competition• Environment
Growth Competitiveness Index (2004)
Growth Competitiveness Index (2004)
5.95 5.82 5.72 5.56 5.48
4.9 4.884.58
4.294.07
3.72 3.57 3.51 3.473.17
2.84
0
1
2
3
4
5
6
7
5.95 5.82 5.72 5.56 5.48 4.9 4.88 4.58 4.29 4.07 3.72 3.57 3.51 3.47 3.17 2.84
FinalndUnited States
SwedenSingapo
reJapan Korea
Malaysia
Thailand China IndiaIndonesi
aSri
LankaPhilippi
nesViet Nam
PakistanBanglad
esh
Source: The Global Competitiveness Report 2004-5, World Economic Forum
Critical mass of commercially oriented research expertise
Industrial technology users
Investors and consultants
New talents & new money
Sustainable Innovation Environment
Innovation Process:Linear to Systemic Approach
Linear ( out going )
Systemic ( up coming )
Target Technological process The entire value chain
Source Uni-sectoral R&D Multi-sectoral R&D Cross-pollination of ideas
Process Periodic Continuous
“Science is the conversion of money into knowledge. Innovation is the conversion of knowledge into money”
Innovation and Knowledge-driven Economies- Critical Tasks
Critical Technological Development Tasks
Areas of Critical Intervention
To promote cross-border technological cooperation
•Joint R&D•Joint commercialisation•Sub-contracting
To promote growth of technology-led enterprises
•Technology business incubators•Innovation support systems•Regional associations
To develop effective risk financing mechanisms
•Business angels•Venture capital•High-tech stock markets
To develop vibrant communities of stakeholders
•Cross-border Web-aided communities•Local communities & networks
0 100 200 300 400 500 600 700 800 900
USA
Germany
Korea
China
Japan
Brazil
Finland
Australia
Israel
Egypt
India*
Number of Business Incubators (2000)
Shortening Life Cycle of Technology: Risk Financing
Tech Growth Life Style
Rapid growthand ramp-up
Maturity
Idea R&D Prototype
PrivateInvestors Angel Financing
Venture Capital
IPO, Acquisition
time
revenue
Debt Financing
APCTT and Innovation Management
• New and emerging technologies • Traditional technologies • Intellectual Property Rights • Technology incubation • High-Tech entrepreneurship development • Green productivity • Start-up venture creation • Venture financing• NATIONAL INNOVATION SYSTEM
THANK YOU
B I N A S I A
• National biotech policy• Technology development programmes (national and international)• Training programmes (national and international)• Instiutions (mainly R&D)• Biotech parks• Biotech industries• Biotech-mart
– Technology offers– Technology requests– Services offered– Services requested
• Biotech news• Biotech events• Intellectual Property Rights• Biosafety and bioethics