innovation ecosystems: built from the bottom up
DESCRIPTION
Webcast of this talk available at the end of the schedule here: http://wedc1.dynamicwebcasting.net/ I-Capital Advisors led an interactive session at the Washington Economic Development Commission's recent Regional Innovation & Jobs Summit. This presentation was used for background prior to an exercise where the participants actually mapped distinct innovation ecosystems in the state economy.TRANSCRIPT
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Innovation Ecosystems
Built from the Bottom Up
Mary AdamsMichael OleksakI-Capital Advisors
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Industrial era ends…
Knowledge era begins
PBS: The First Measured Century
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Industries that will be re-made
• Energy• Transportation• Healthcare• Education• Food production• Manufacturing• Construction• Services• Information technology
…fueled by knowledge
and innovation
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Innovation is the New Strategy
…Why?• Knowledge is dispersed across organizations
and geographies
• New opportunities come from sharing and collaboration, not ownership of assets
• This means that innovation is a bottom-up process
• The role of leaders is to facilitate and support (not command and control)
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Dual challenges of leading/influencing innovation
1. Create an innovation process� to support idea generation, selection,
development and commercialization
2. Cultivate an innovation ecosystem� to ensure a continuous flow of new ideas
and an environment where the innovation process will thrive
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Innovation Ecosystem =
Intangible Capital (IC)
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The IC-Innovation Ecosystem
Human Capital
Structural Capital
RelationshipCapital
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• Education• Expertise• Competencies• Experience• Knowledge
Human Capital
Human-stored
knowledge
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• Data, information• Communication
systems and networks• Organizations• Intellectual property• Infrastructure/physical
resources (labs, facilities)
• Institutions
Structural Capital
Recorded knowledge/
Infrastructure
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• Knowledge• Markets• Financing• Media• Networks• Programs
RelationshipCapital
Access to external
resources
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Example: Chongqing, China
• China produces 50% motorcycles globally• Chongqing has largest production in China• Featured in Wikinomics as model for peer
production of a physical product• Hundreds of producers collaborate on
design and manufacture• Local producers now moving into auto
market, building global brands
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Chongqing innovation ecosystem
ManufSkills
JapaneseMotorcycle
manufacturers
ReverseEngineering
Laissez faire policy
Just-in-time sourcing
Entrepreneurial culture
Modular designs
Chinesemotorcycle
industry
Financing
Global customers
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Key WA innovation ecosystems
• Infrastructure• Food• Entrepreneurship• Health• Manufacturing
• Energy• Export• R&D
Commercialization• Learning
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Resources
Book: www.IntangibleCapitalBook.comCommunity: www.ICKnowledgeCenter.comBlogs: www.SmarterCompaniesBlog.com
www.TheEndGameBlog.com
Mary Adams, 781-729-9650 Michael Oleksak, 781-729-1008
[email protected] [email protected]: maryadamsica Twitter: mikeoleksak