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Innovation Management BINASIA – Viet Nam National Workshop 27-28 January 2005 Hanoi, Viet Nam N. Srinivasan Asian and Pacific Centre for Transfer of Technology.

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Presentation on theme: "Innovation Management BINASIA – Viet Nam National Workshop 27-28 January 2005 Hanoi, Viet Nam N. Srinivasan Asian and Pacific Centre for Transfer of Technology."— Presentation transcript:

1 Innovation Management BINASIA – Viet Nam National Workshop January 2005 Hanoi, Viet Nam N. Srinivasan Asian and Pacific Centre for Transfer of Technology New Delhi, India

2 Successful exploitation of new ideas Transformation of knowledge into commercial products or services A catalyst – an ingredient in a process to create and sustain wealth Fundamental source of competitive advantage What is Innovation ????

3 Why Innovation ???? Globalization – Technologies and economies Shift of emphasis from manufacturing to knowledge- based economies Shortening life cycle of products Introduce new and improved, added-value products and services To be competitive Achieve profits Re-invest profits in the business

4 Macroeconomic Environment Technology, Innovation and Diffusion Human Resources: Education, Health and Labour General Infrastructure Public Institutions: Contracts and Law Cluster Development Company Operations and Strategy Public Institutions: Corruption Domestic Competition Environment Growth Competitiveness Index (2004)

5 Source: The Global Competitiveness Report , World Economic Forum

6 Critical mass of commercially oriented research expertise Industrial technology users Investors and consultants New talents & new money Sustainable Innovation Environment

7 Innovation Process: Linear to Systemic Approach Linear ( out going ) Systemic ( up coming ) TargetTechnological process The entire value chain SourceUni-sectoral R&D Multi-sectoral R&D Cross-pollination of ideas ProcessPeriodic Continuous Science is the conversion of money into knowledge. Innovation is the conversion of knowledge into money

8 Innovation and Knowledge-driven Economies - Critical Tasks Critical Technological Development Tasks Areas of Critical Intervention To promote cross-border technological cooperation Joint R&D Joint commercialisation Sub-contracting To promote growth of technology-led enterprises Technology business incubators Innovation support systems Regional associations To develop effective risk financing mechanisms Business angels Venture capital High-tech stock markets To develop vibrant communities of stakeholders Cross-border Web-aided communities Local communities & networks

9 Number of Business Incubators (2000)

10 Shortening Life Cycle of Technology: Risk Financing Rapid growth and ramp-up Maturity IdeaR&DPrototype Private Investors Angel Financing Venture Capital IPO, Acquisition time revenue Debt Financing

11 APCTT and Innovation Management New and emerging technologies Traditional technologies Intellectual Property Rights Technology incubation High-Tech entrepreneurship development Green productivity Start-up venture creation Venture financing NATIONAL INNOVATION SYSTEM

12 THANK YOU

13 B I N A S I A National biotech policy Technology development programmes (national and international) Training programmes (national and international) Instiutions (mainly R&D) Biotech parks Biotech industries Biotech-mart –Technology offers –Technology requests –Services offered –Services requested Biotech news Biotech events Intellectual Property Rights Biosafety and bioethics


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