IEEE-USA Innovation Institute Volunteers and Regions

The U.S Economy vitality and technical innovations The science and technology building blocks are eroding. Other nations are gathering strength. Rising Above the Gathering Storm

Historically: –US companies early entrants with first generation products. –Asian companies late entrants –US companies absent In the second generation products. ESRC Survey on Innovation

72% of executives named innovation in their top three priorities. Half disappointed with the ROI Many didn't know how to measure returns from Innovation. Boston Consulting Group & BW

Current U.S. Innovation Deterrents Outsourcing of R&D –Transfer the background know-how Workforce reductions –Employees become risk averse –Disrupts teamwork

Current U.S. Innovation Deterrents Across the board cost cutting –Drives incremental changes –Favors low risk solutions Short term focus –Averse to disruptive technologies –Focus on sales not marketing

Anecdotal experience Attempted to create Skunk Works –Product aligned with company strategy –Work on own time –Use of facilities and material –Profit sharing on new product sales No takers An Anecdotal Experience

200 large companies surveyed are moving white-collar jobs to Asia Companies not deterred by security or IP concerns CIBER Survey

From Manufactured in China to Designed in China Vimicro is the leading supplier of PC camera chips. John Deng, CEO of Vimicro

China and Innovation China goal is to be an Innovation- Oriented Society by Plans R&D costs from 1.23% of GDP in 2004 to 2.5% in 2020

India and Innovation Think Innovation, Think India the slogan at R&D expo in New Delhi 6,000 PhDs, 200,000 engineers, and 300,000 science graduates annually R&D investment growing at a compounded annual growth rate of more than 40%

If we do nothing we are at risk of losing: –World leadership position –Jobs at all levels –Competitiveness –Our standard of living The Risks

Leadership Innovation in: –Research by Government and Industry –Corporate (culture enabling Innovation) –Universities (focus on innovation and entrepreneurship) –Environment (capital, resources, regulations) –Innovators (willing to take personal risks) The Remedy

The Key Players Individual Innovators (limited number) –Entrepreneurs –Already motivated to innovate –Need favorable environment (Capital, Resources, Regulations) Innovator in large companies (large number) –Intrapreneurs –Need reasons to innovate –Need a favorable corporate culture

–Innovation Institute –Career Activities –Members Activity –Professional Activities –Technology Policy Activities IEEE-USA Volunteer Resources

Innovation Institute 

Regions & the Innovation Institute Regions will play vital roles: –Forum Sponsorship –Faculty –Corporate Contacts –University Contacts –Follow-up after the Forums

Suggestions? Comments? Ideas? You have the keys to the future!