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.
2. Industrial
era ends…
Knowledge
era begins
PBS: The First Measured Century
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3. Industries that will be re-made
• Energy
• Transportation …fueled by
knowledge
• Healthcare
and
• Education
innovation
• Food production
• Manufacturing
• Construction
• Services
• Information technology
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4. 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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5. 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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8. Human-
stored Human
knowledge Capital
• Education
• Expertise
• Competencies
• Experience
• Knowledge
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9. Structural Capital
• Data, information
• Communication
Recorded systems and networks
knowledge/ • Organizations
Infrastructure • Intellectual property
• Infrastructure/physical
resources (labs,
facilities)
• Institutions
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10. Access to
external Relationship
resources Capital
• Knowledge
• Markets
• Financing
• Media
• Networks
• Programs
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11. 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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12. Chongqing innovation ecosystem
Reverse Chinese
Global customers Engineering motorcycle
Manuf industry
Skills
Modular designs
Japanese
Motorcycle
manufacturers Just-in-time sourcing
Entrepreneurial culture Financing
Laissez faire policy
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13. Key WA innovation ecosystems
• Infrastructure • Energy
• Food • Export
• Entrepreneurship • R&D
• Health Commercialization
• Manufacturing • Learning
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