Nada importante sucedió hoy...

about innovation RSS

For future reference, another study on universities and innovation indicators:
https://www.timeshighereducation.com/features/which-universities-are-the-most-innovative

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Webinar archives: Engage and Innovate with Challenges and Challenge.gov

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The other way around? This is another (very interesting) example of civil technologies that find military application. Why Does the Air Force Want Thousands of PlayStations?

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Prizes and the US innovation policy

Interestingly, prizes are suggested as “high-risk, high-reward policy tools to solve tough problems” in the white paper A Strategy For American Innovation: Driving Towards Sustainable Growth And Quality Jobs (which describes the new President Obama's innovation agenda). However, prizes are not widely used yet. Targeted federally-funded prizes have offered total rewards worth only about $50 million since 2004, first year of prize implementation for US agencies (see Federally Funded Innovation Inducement Prizes). That figure may increase notably in the future if, besides those targeted prizes, prizes with purchase commitment are used.

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Some media coverage of the recently announced MIT Clean Energy Prize 2010 (MIT offers cash for top clean energy idea - Boston Herald) and related (Using Prizes to Drive Energy Innovation - NYTimes)

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More prize money, more innovation?

Prizes for innovation are not new, but are increasingly attracting everyone’s attention since a few years ago. It is difficult to know how many innovation prizes have been offered, for example, in the last five years.

The idea that prizes can induce innovation has been more supported by recent practices than theory. Although academic research has contributed knowledge to this area, most of the attention has been paid by the broader economics literature on mechanisms to encourage innovation, where prizes are analytically compared with patents and other incentive schemes. We know little about how prizes work in practice.

That is the main reason why I decided to focus my doctoral dissertation on innovation inducement prizes. In particular, my research looks at how teams respond to prize incentives, perform R&D activities, and come up with innovations. Hopefully, in the near future, I will be able to provide some insights on how (and to what extent) prizes induce innovation. In the meantime, I will try to post more comments on this and keep my blog updated!

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"The Power of Place: A National Strategy for Building America’s Communities of Innovation" (PDF), by the Association of University Research Parks (AURP).

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The The Information Technology and Innovation Foundation has presented a new report on innovation in the US. This is part of the series of ideas that the ITIF is suggesting for the next president's agenda. Previously in this blog.
I find interesting three of the eight measures suggested in the report:

1. expand tax credit for R&D
2. create a National Innovation Foundation
3. reform the patent system

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A preliminary report (PDF) on the U.S. S&T competitiveness
from The Information Technology and Innovation Foundation claims that the earlier RAND research contains numerous analytical flaws and America’s economic competitiveness scenarios are not so optimistic.
According to RAND's researchers, the U.S. continues to lead the world in most key science and technology measures.
The comprehensive report from ITIF will be available in November 2008.

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The Corporate Cup: Cutting-edge companies are offering some major prize money to people who can come up with the next big thing.
http://images.businessweek.com/ss/08/06/0602_innovation_prize/index_01.htm

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Innovation Prizes Through History
http://images.businessweek.com/ss/08/06/0602_innovation_history/index_01.htm

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Cisco Pays Big for New Ideas
http://www.businessweek.com/technology/content/may2008/tc20080529_968185.htm

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WebStormTM by BrightIdea, Inc. is an Idea Collection and Ranking Portal that facilitates the innovation process.
http://www.brightidea.com

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"InnoCentive connects companies, academic institutions, and non-profit organizations, all hungry for breakthrough innovation, with a global network of more than 125,000 of the world's brightest minds on the world's first Open Innovation Marketplace"
http://www.innocentive.com/about-us-open-innovation.php

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Much Ado about Invention: "We have no shortage of good inventions. What we need are better ways to bring them to customers."
By Michael Schrage
May 2004
http://www.technologyreview.com/printer_friendly_article.aspx?id=13595

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Economics of Innovation (Suzanne Scotchmer's course at Berkeley)
http://socrates.berkeley.edu/~scotch/innovation/index.htm

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KEI Policy Blogs : Prizes
http://www.keionline.org/index.php?option=com_jd-wp&Itemid=39&cat=11

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Space Prizes
http://spaceprizes.blogspot.com/

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Cisco I-Prize blog

http://blogs.cisco.com/innovation/

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Øresund Innovation: The Who's Who Index, a catalogue of actors offering innovation support in Denmark

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The Ignorance of Crowds. The open source model can play an important role in innovation, but know its limitations. - http://www.strategy-business.com/press/enewsarticle/enews053107

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"Seizing the White Space: Innovative Service Concepts in the United States" (PDF), a report by Tekes about innovation in services.

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In the US, small manufacturers are leveraging innovation to stay prosperous: With a little innovation, who needs outsourcing?

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Three years of Nada Importante Sucedió Hoy..., the blog about entrepreneurship, technology and innovation, and venture capital (in Spanish).

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The Atlas of Ideas: Mapping the new geography of science.

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