research linkage to_innovation_and_entrepreneurship_ts
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Simple overviewTRANSCRIPT
Research Linkage to Innovation and Entrepreneurship
(Overview)
Tarek Salah Kamel, Project Managertsalah@ti ec.gov.eg
Technological Innovati on and Entrepreneurship Center (TIEC)
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AGENDA
• About the Technology Innovation and Entrepreneurship Center
• Research Linkage to Market – Innovation versus Invention– Research Commercialization
• What is an Entrepreneur?• CASE STUDY: Osborne Computer Company
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AGENDA
• About the Technology Innovation and Entrepreneurship Center
• Research Linkage to Market – Innovation versus Invention– Research Commercialization
• What is an Entrepreneur?• CASE STUDY: Osborne Computer Company
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A B O U T T H E T EC H N O LO GY I N N OVAT I O N A N D E N T R E P R E N E U R S H I P C E N T E R
Vision:To become the Leading Regional Hub and world class center for ICT-based innovations and entrepreneurship.
Mission:To stimulate an innovation-based economy through strategizing, facilitating, and promoting innovation, entrepreneurship, and the creation of intellectual property in ICT and its applications.
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A B O U T T H E T EC H N O LO GY I N N OVAT I O N A N D E N T R E P R E N E U R S H I P C E N T E R
Objectives:
Act as a catalyst between government, private sector, and academia.
Mobilize the different components of the ecosystem.
Define, manage, and coordinate the various programs and initiatives delivered in the new 2011-2014 ICT Innovation Strategy jointly with the different stakeholders.
Focus on generating revenue from IP sharing and/or solve national existing problems.
Brand Egypt as a global competitor in high value-added innovation.
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AGENDA
• About the Technology Innovation and Entrepreneurship Center
• Research Linkage to Market – Innovation versus Invention– Research Commercialization
• What is an Entrepreneur?• CASE STUDY: Osborne Computer Company
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WHAT IS SCIENCE AND WHAT IS TECHNOLOGY?
Technology, more than any other human endeavor, has the power to transform and improve our lives in every way!
– What ?
– Why?
– How ?
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TECHNOLOGY AND SOCIETY
SOCIETY, CUSTOMERS & STAKEHOLDERS
BUSINESS
SCIENCE & DISCOVERY
TECHNOLOGY
Products
Markets
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TECHNOLOGY DYNAMICS
BUSINESS
SCIENCE & DISCOVERY
TECHNOLOGY DYNAMICS
Product A
Product B
Innovation
TechnologyPUSH
Market PULL
Technology PUSH Unknown value Business evolves Takes time
Market PULL Existing business Instant value
perspective Lower perceived risk
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INVENTION VERSUS INNOVATION
INVENTION• It’s is either a concept of a
creation of a novel technology. It could be a product, a process or a previously unknown system.
INNOVATION• It’s is the creation of a new
product, service, or process within an organization. It’s the introduction into the marketplace, either by utilization or by commercialization of a new product, service or process
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INVENTION VERSUS INNOVATION
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COMMERCIALLY SUCCESSFUL INNOVATION
Research/Technology Commercialization: The standard type of a research-based or technology-development-based Innovation
Two Possible Scenarios:1. Patent Licensing to Industry (Intellectual Property Licensing)2. Forming New Ventures (Technology Startups)
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HARVARD MODEL – OFFICE OF TECHNOLOGY DEVELOPMENT
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UNIVERSITY OF CENTRAL FLORIDA (UCF) MODEL
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UNIVERSITY OF CENTRAL FLORIDA (UCF) MODEL
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TECHNOLOGY COMMERCIALIZATION AT UNIVERSITIES
• Technology Transfer Offices in US universities:
– Office of Open Innovation at Berkeley
http://openinnovation.haas.berkeley.edu/
– Office of Technology Licensing at Stanford
http://www.stanford.edu/group/OTL/flash.html
– MIT Technology Licensing Office http://web.mit.edu/tlo/www/
– UCF Office of Technology Transfer http://tt.research.ucf.edu/
– Yale Office of Cooperative Research http://www.yale.edu/ocr/
– Harvard Office of Technology Development
http://www.techtransfer.harvard.edu/
– Texas IC2 Institute: http://www.ic2.utexas.edu/
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THE TECHNOLOGY TRANSFER TERM
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BUT …
Innovation is not only Research-driven!
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INNOVATION TYPES AND LINKAGE TO ENTREPRENEURSHIP
Scientific Research / New Technology
Based
For Technology Entrepreneurs
For Business Entrepreneurs and
Existing Firms
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AGENDA
• About the Technology Innovation and Entrepreneurship Center
• Research Linkage to Market – Innovation versus Invention– Research Commercialization
• What is an Entrepreneur?• CASE STUDY: Osborne Computer Company
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WHAT IS ENTREPRENEURSHIP?
Business Entrepreneurship (Companies – technology-based or not)
Social Entrepreneurship (NGOs – Non Profit)
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ENTREPRENEURS!
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EGYPTIAN EXAMPLES! (BUSINESS & SOCIAL)
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KEY ELEMENTS NEEDED
Founding Team
Resources
Strategy
People
TechnologyMoney
A Business Plan(Business and Technology Strategy)
The Right Skills
The Right Personalities
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THE ENTREPRENEUR
1. Self starter, defines goals as he/she goes alone.
2. Does the important things by himself/herself.
3. Not a good delegator, strong need to control.
4. Charismatic leader, but hard to follow.
5. Extremely strong drive and capacity for work.
6. Reward oriented for money, visible rewards (cars, boats, clubs, etc.) community admiration for accomplishments, prerequisites.
7. Excellent problem-solving abilities.
8. Innovative thinker.
9. Realistic, takes moderate and well calculated risks.
10. Committed to the company.
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THE PROFESSIONAL MANAGER
1. Career oriented with well defined goals.
2. Accomplishes tasks through people.
3. A good delegator and motivator.
4. Good leader and people person.
5. Competitive and politically astute.
6. Reward oriented for cash, visible rewards, status, prerequisites.
7. Experience, ability, and accomplishments are evident.
8. Plays by the rules, not a risk taker.
9. Committed to self, more than company.
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AGENDA
• About the Technology Innovation and Entrepreneurship Center
• Research Linkage to Market – Innovation versus Invention– Research Commercialization
• What is an Entrepreneur?• CASE STUDY: Osborne Computer Company
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CASE STUDY: OSBORNE COMPUTER COMPANY
The personal computer (PC) market began in the middle 1970’s.
Adam Osborne decided to package all the PC components together as a portable computer (July, 1981).
In two months the company had its first $1,000,000 in sales.
By the second year the net revenues reached $100,000,000.
Consumers were interested in a larger, more standard 80-characters display
What do you think happened?!
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CASE STUDY: OSBORNE COMPUTER COMPANY
The personal computer (PC) market began in the middle 1970’s.
Adam Osborne decided to package all the PC components together as a portable computer (July, 1981).
In two months the company had its first $1,000,000 in sales.
By the second year the net revenues reached $100,000,000.
Consumers were interested in a larger, more standard 80-characters display
What do you think happened?!
Company Bankruptcy after 6 months!!
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CASE STUDY: OSBORNE COMPUTER COMPANY
Osborne lagged in his R&D efforts to introduce the large screen model
Osborne delayed the generation of needed capital through public offering for 6 months
Kaypro, a competitor, took advantage of the weak points and introduced the larger screen model in the perfect time for market demands.
Osborne announced he will introduce the bigger screen one while still has orders for the 1st model (large inventory) – A serious mistake.
Kaypro offered 5 million shares to the public in 1983 realizing $9 millions from the sale of part of their equity
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CASE STUDY: OSBORNE COMPUTER COMPANY
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CASE STUDY: LESSONS LEARNED
Entering a market with a new innovation gives a company an early advantage in sales (Leader)
New product concept creates new markets or alters old markets
If a company competes with innovation, it should plan to continue competing with innovation
All products have a finite life span. Timely product innovation should be part of every management’s technology strategy
The timing of announcements is very important
Capital formation and cash flow are very important for a growing business
Successful new ventures must be able to cope with the rapid market growth and with increasingly tough competition.
Incremental innovation is easy to imitate.
Market information and buyer behavior are critical
ThanksTarek Salah Kamel, Project Manager
tsalah@ti ec.gov.eg Technological Innovati on and Entrepreneurship Center (TIEC)