1. From Ideas to the Market :Dynamics of Innovation A. Mete AKMAKCI Technology Development Foundation of Turkey TUGAD Meeeting: New and Renewable Business stanbul,25September 2009

2. Mobilizing Innovation Business selling low-carbon goods and services now generate more revenue than the aerospace and defence sectorscombined...Financial Times , Sept. 18, 2009 If we can bring chip guys together with engine guys then we can open the way for developing the clean, software-rich car of the future Such breakthroughs happen only when conventional wisdom is ignored and cross-fertilisation through managed conflict is encouraged. Vinod Khosla 3. New Inspirations for Innovation Innovation and technology will help us develop an inclusive and responsible society. Worlds most water efficient hygiene products. Worlds most advanced intelligentnon-invasive orthopaedics . 4. A Definition of Innovation Creating newVALUE using/utilizing existing/availableKNOWLEDGE 5. Characteristics of Innovation

Innovation does not involve the knowledge creation process.

Innovation is opportunistic and takes initiative. (Therefore often associated with entreprenuership how about intrapreneurship?)

Value is a perception (hence the dynamic nature of innovation) Often times, most valueable innovations are `non-technical

Innovation involves acquisition/processing of knowledge (experience and access needed?)

Knowledge (not necessarily technical or scientific) is the main barrier to/frontier of innovation.

6. The Process of Innovation Innovation is a dynamic problem of interrelated processes anddisciplines. 7. Nesting for Innovation Innovation takes systematic patience : after 2 years of hard work and 500 K USD of investment ... 8. Managing Innovation Source : Rouvinen and Yla-Anttila, Little Finlands Transformation to a Wireless Giant Managing change is a multi-dimensional innovation problem. 9. Global Map of Innovation Source : Tim Gulden, UMD, Richard Florida, U of T,Pekka Himanen, HIIT , 2005 Patent s Publications 10. Open Innovation 11. Crowdsourcing for Innovation

Crowdsourcing is a term for the

act of taking tasks traditionally

performed by an employee or

formal contractor, and assigning it

to an undefined, generally large

group of people or community

in the form of an open call. It is a

distributed problem-solving

and production model. Problems

are broadcast to an unknown

group of solvers in the form of an

open call for solutions.

12. UserDriven Innovation

User innovation refers to

innovation driven by end users,

rather than suppliers or the

manufacturer. Products are

developed to meet the widest

possible need; when individual

users face problems that the

majority of consumers do not,

they have no choice but to develop

their own modifications to existing

products, or entirely new products,

to solve their issues.

13. Innovation Branding 14. Networks of Innovation Regions Source :2007 Index of Silicon Valley 15. Implications for Public Policy

Dynamics of innovation is constantly evolving at a global scale

Fast and cheap access to information at a global scale facilitates diffusion of innovations through global communities/eco-systems of innovation.

Static/classical support-supply push model of public policy is becoming less and less irrelevant.

Public agents should adopt changing and flexible roles, with the priority of developing sustainable private structures, as equal and value adding partners.

Public programs should support smart money with the right dose of persistent thematic prioritization.

16.