what is innovation? what drives innovation?
TRANSCRIPT
Center for Accelerating Innovation V. 1.3
What is Innovation? What drives innovation?
Egils MilbergsCenter for Accelerating Innovation
February 24, 2016Puget Sound Green Infrastructure Summit
Seattle, Washington
1960s & 1970sAdvantage is Cost
Strategy is
“Make it Cheaper”
1980s & 1990sAdvantage is Quality
Strategy is
“Make it Better”
2000sAdvantage is Innovation
Strategy is
“Make something new”
Ecosystem Model-Constant adaption to the highest economic value
Innovation partnership Zones (IPZs) – National
Award Winning
Industry Clusters -Popularized by Michael
Porter -1990
Changing Paths to Prosperity
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• Central focus of advanced and emerging economies.
• 2/3 GDP growth from innovation
• Spillovers 2 to 4 times private return
• Technology industries pay 70% more
• Determines competitiveness rankings.
• Offsets low-wage nation advantages
• Addresses needs in energy, health, water, transportation, education, etc.
Center for Accelerating Innovation
Why Innovation is Important
Buying Local. Buying Global
INNOVATION TRANSFORMING
CITIES
A Better and Faster Innovation Model
InnovationEcosystem
R&D Assets
Universities
National Labs
Corporate Labs
Inventors
TransformersEntrepreneurs
Incubators
Technology Partnerships
FundersSBIR
Angel/Seed funds
Venture CapitalHuman Capital
Talent Pool
Education
Workforce Development
NetworksClusters
Associations
Social Networks
GovernmentsFederal
State
Local
International
Aerospace
Information Technology
Biomedical, Incubators
Clean Tech, Smart Grid, Biofuels
Defense
Biotech, Energy
Wine, Water
Life Sciences, Global Health
World’s Largest Innovation Park
Food Processing
Wind, Solar, Data Centers
Marine
Food TourismMarine Energy
Agriculture,Composites
New Forestry
“Twilight”
Medical Devices
Water Technology
Electric Cars
Clean IT
Drones
Changing Nature of Work
•Disturbing trends• Middle class jobs disappearing
• Income inequality
• Task outsourcing
• Rising cost of education
• Growth of 1099 workforce
• Tough questions• Can job losers do newly created jobs?
• How do you educate people for jobs that don’t exist?
• Is career planning an oxymoron?
• Is the sequence educate, work, retire model dead?
• Is the classroom an obsolete way to learn?
How susceptible are jobs to automation?
47% of occupations are at riskOxford Martin Program on the Impacts of Future Technology
Change in Household Incomes (Seattle-Tacoma-Bellevue
12Egls Milbergs
The Ill-Prepared Education Pipeline
Of 100 students entering 9th grade only 36% go directly into college
WA ranks 46th in college continuation rate
WA ranks 47th in Bachelor's degree production
Bad Implications:Continued skill gaps
Lost productivity
Need to import talent
More poverty
High social overhead
The Future of Learning
•K-99
•Relevant/predictive
•Self-directed/flexible
•Location independent
•Social & participatory
•Gamification & fun
•Micro-credentials
• Industry supported
The Wearable University?
Driverless Cars Are Closer Than They Appear
Transformative Path
Outcomes
Zero Congestion
Zero Deaths
Zero Emissions
Center for Accelerating Innovation 19
Innovation
Shared
AutonomousElectric
Imagine the Really Big OneNot If, but When
Clean Water Innovation Initiative
• Goal: A dynamic innovation ecosystem for water
• Founders: 17 founding business, government, academic partners.
• Objectives: reduce technical and market risk for water innovations
• Components: • Water Nexus (Accelerator)
• Water Alliance
• Water Innovation Fund
• Financing: Awarded 3 year EDA grant of $500K (matched $500K)
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Collective Sensing
Collective Learning
Collective Doing
Collective Feedback
Think BigStart SmallAct Now!
