Charles MokInternet Society Hong Kong
2009.03.11
Under the financial tsunami
Recession economy with uncertain recovery path Cash crunch and gloomy
investment atmosphere Unemployment Reduced expectations? Continue to innovate? The end of the tunnel
Today's environment Web 2.0
– Interactive, sharing, open Key issues
– Open everything
– Intellectual property protection vs. opening sharing?
– Social networks Security and privacy
– Building security into business process Innovation in tough economic times
The Best of Times, The Worst of Times
Some of the best companies are started during the worst times: Apple, General Electric, IBM, Microsoft, McDonald's, Walt Disney, Electronic Arts etc.
Best innovations comeduring toughest economic times: IBM PCs, Apple's iPod, Campbell's condensed soup
Source: Scott Anthony, Innosight, 2009
Regional policy perspectives
China's National Development & Reform Commission: "Outline of the Plan for the Reform & Development of the Pearl River Delta" (Jan 2009) Hong Kong as a financial, trading and service hub Roles of Guangzhou, Shenzhen, etc. Opportunities in ICT services, telecom and cultural/
creative industry
Local policy perspectives
Creative industry development CreateHK – dedicated coordinating office Earmarked funding -- $300M for three years
Change can happen
You either bring about change, or you are changed.
The key questions...
• What is innovation? How to innovate?
• How to protect your innovation and intellectual asset?
