Virginia in the Global Innovation Age PRESENTATION BY: Egils Milbergs Accelerating Innovation Foundation July 26, 2006 Richmond, Virginia
2 The Next Innovation Wave
FIVE TECHNOLOGICAL REVOLUTIONS IN 200 YEARS The ‘ ‘Industrial Revolution Industrial Revolution’ ’ The 1771 1771 Age of Steam and Railways Age of Steam and Railways 1829 1829 1875 1875 Age of Steel, Electricity and Heavy Engineering Age of Steel, Electricity and Heavy Engineering 1908 1908 Age of Oil, the Automobile and Mass Production Age of Oil, the Automobile and Mass Production Age of Information and Telecommunications 1971 Age of Information and Telecommunications 1971 Age of Bio, Nano and Cogno Age of Bio, Nano and Cogno ? ? 20?? 20?? Source: Perez Center for Accelerating Innovation
4 Center for Accelerating Innovation
5 Dynamic Ecosystem Innovation Model has Shifted Commercialization Linear Model Development Research
New Innovation Perspective Closed Linear Model Open Ecosystem Model Not Invented Here Best From Anywhere Passive Customers Active Co-Innovators Forecast to Demand Sense and Respond Optimizing Cost Optimizing Value Current Markets Expanding into New Markets Own and Protect IP Share and Expand IP Single Discipline Multi-disciplinary Hierarchical Governance Self Organizing Relationships 6
7 Innovation Ecosystem
Where Are Virginia’s Innovation Capabilities? Core Production Users Basic Technologies Networks Research Demand Early stage Products Valley of Death Services Feedback Employment Potential 8
9 Regional Transformation
How Innovation Ecosystems Evolve Innovation Ecosystem Trajectory Virtual Cluster Growth Node Many nodes Dense linkages Nascent Cluster Virtualized functions Network to Network Accelerated collaboration Few to many firms Fast growth Key linkages None or few firms 10 Growth potential
Thank You Egils Milbergs emilbergs@msn.com www.innovationecosystems.com www.innovate.typepad.com 202.256.5506 11
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