What is Innovation? What drives innovation?

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

Why Innovation is Important• 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 3

Buying Local. Buying Global

INNOVATION TRANSFORMING

CITIES

A Better and Faster Innovation Model

InnovationEcosystem

R&D Assets

Universities

National Labs

Corporate Labs

Inventors

Transformers

Entrepreneurs

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

Egls Milbergs 12

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)

22

Collective Sensing

Collective Learning

Collective Doing

Collective Feedback

Think BigStart SmallAct Now!

Thank You!Egils Milbergs

www.accinnov.comegils@accinnov.com