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Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity, realizing or redistributing value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies.
Science policy is concerned with the allocation of resources for the conduct of science towards the goal of best serving the public interest. Topics include the funding of science, the careers of scientists, and the translation of scientific discoveries into technological innovation to promote commercial product development, competitiveness, economic growth and economic development. Science policy focuses on knowledge production and role of knowledge networks, collaborations, and the complex distributions of expertise, equipment, and know-how. Understanding the processes and organizational context of generating novel and innovative science and engineering ideas is a core concern of science policy. Science policy topics include weapons development, health care and environmental monitoring.
The concept of the innovation system stresses that the flow of technology and information among people, enterprises, and institutions is key to an innovative process. It contains the interactions between the actors needed in order to turn an idea into a process, product, or service on the market.
Carlota Perez is a British-Venezuelan scholar specialized in technology and socio-economic development. She researches the concept of Techno-Economic Paradigm Shifts and the theory of great surges, a further development of Schumpeter's work on Kondratieff waves. In 2012 she was awarded the Silver Kondratieff Medal by the International N. D. Kondratieff Foundation and in 2021 she was awarded an Honorary Doctorate by Utrecht University.
Research funding is a term generally covering any funding for scientific research, in the areas of natural science, technology, and social science. Different methods can be used to disburse funding, but the term often connotes funding obtained through a competitive process, in which potential research projects are evaluated and only the most promising receive funding. It is often measured via Gross domestic expenditure on R&D (GERD).
The European Research Area (ERA) is a system of scientific research programs integrating the scientific resources of the European Union (EU). Since its inception in 2000, the structure has been concentrated on European cooperation in the fields of medical, environmental, industrial, and socioeconomic research. The ERA can be likened to a research and innovation equivalent of the European "common market" for goods and services. Its purpose is to increase the competitiveness of European research institutions by bringing them together and encouraging a more inclusive way of work, similar to what already exists among institutions in North America and Japan. Increased mobility of knowledge workers and deepened multilateral cooperation among research institutions among the member states of the European Union are central goals of the ERA.
Technology trajectory refers to a single branch in the evolution of a technological design of a product/service, with nodes representing separate designs. With Technology trajectory referring to a single branch we do expect the development of new technologies to precede recent uses and advance future technologies. The development of future technologies allows for the innovation of new ideas, research, and much more. It also can be defined as the paths by which innovations in a given field occur.
David John Teece is a New Zealand-born US-based organizational economist and the Professor in Global Business and director of the Tusher Center for the Management of Intellectual Capital at the Walter A. Haas School of Business at the University of California, Berkeley.
Giovanni Dosi is Professor of Economics and Director of the Institute of Economics at the Scuola Superiore Sant'Anna in Pisa. He is the Co-Director of the task forces “Industrial Policy” and “Intellectual Property” at the Initiative for Policy Dialogue at Columbia University. Dosi is Continental European Editor of Industrial and Corporate Change. Included in ISI Highly Cited Researchers.
Eco-innovation is the development of products and processes that contribute to sustainable development, applying the commercial application of knowledge to elicit direct or indirect ecological improvements. This includes a range of related ideas, from environmentally friendly technological advances to socially acceptable innovative paths towards sustainability. The field of research that seeks to explain how, why, and at what rate new "ecological" ideas and technology spread is called eco-innovation diffusion.
The Arrow information paradox, and occasionally referred to as Arrow's disclosure paradox, named after Kenneth Arrow, American economist and joint winner of the Nobel Memorial Prize in Economics with John Hicks, is a problem faced by companies when managing intellectual property across their boundaries. It occurs when they seek external technologies for their business or external markets for their own technologies. It has implications for the value of technology and innovations as well as their development by more than one firm, and for the need for and limitations of patent protection.
Science Policy Research Unit (SPRU) is a research centre based at University of Sussex in Falmer, near Brighton, UK. It focuses on long term transformative change, science policy and innovation across different sectors, societies and structures. It was one of the first interdisciplinary research centres in the field of science and technology policy and at the forefront of the development of innovation as an academic discipline. Alongside internationally renowned research, SPRU also offers a range of MSc courses, as well as PhD research degrees.
The technological innovation system is a concept developed within the scientific field of innovation studies which serves to explain the nature and rate of technological change. A Technological Innovation System can be defined as ‘a dynamic network of agents interacting in a specific economic/industrial area under a particular institutional infrastructure and involved in the generation, diffusion, and utilization of technology’.
Michele Boldrin is an Italian-born economist, academic and former politician expert in economic growth, business cycles, technological progress and intellectual property. He is the Joseph Gibson Hoyt Distinguished Professor in Arts & Sciences at Washington University in St. Louis. Along with his colleague and coauthor David Levine, he was part of the group of 200 economists publicly opposing the American Recovery and Reinvestment Act of 2009. He later publicly defended his position on the issue in various international media, including a public debate with Brad DeLong.
Keith Pavitt was an English scholar in the field of Science and Technology Policy and Innovation Management. He was professor of Science and Technology Policy at the Science Policy Research Unit (SPRU) of the University of Sussex from 1984 to his death.
Mariana Francesca Mazzucato is an Italian–American-British economist and academic. She is a professor in the Economics of Innovation and Public Value at University College London (UCL) and founding director of the UCL Institute for Innovation and Public Purpose (IIPP). She is best known for her work on dynamics of technological change, the role of the public sector in innovation, and the concept of value in economics. The New Republic have called her one of the "most important thinkers about innovation".
The concept of technological paradigm is commonly attributed to Giovanni Dosi. The concept is sometimes seen as performing a similar role to the concept of "scientific paradigms", as advanced by Thomas Kuhn.
Technological transitions (TT) can best be described as a collection of theories regarding how technological innovations occur, the driving forces behind them, and how they are incorporated into society. TT draws on a number of fields, including history of science, technology studies, and evolutionary economics. Alongside the technological advancement, TT considers wider societal changes such as "user practices, regulation, industrial networks, infrastructure, and symbolic meaning or culture". Hughes refers to the 'seamless web' where physical artifacts, organizations, scientific communities, and social practices combine. A technological transition occurs when there is a major shift in these socio-technical configurations.
Green industrial policy (GIP) is strategic government policy that attempts to accelerate the development and growth of green industries to transition towards a low-carbon economy. Green industrial policy is necessary because green industries such as renewable energy and low-carbon public transportation infrastructure face high costs and many risks in terms of the market economy. Therefore, they need support from the public sector in the form of industrial policy until they become commercially viable. Natural scientists warn that immediate action must occur to lower greenhouse gas emissions and mitigate the effects of climate change. Social scientists argue that the mitigation of climate change requires state intervention and governance reform. Thus, governments use GIP to address the economic, political, and environmental issues of climate change. GIP is conducive to sustainable economic, institutional, and technological transformation. It goes beyond the free market economic structure to address market failures and commitment problems that hinder sustainable investment. Effective GIP builds political support for carbon regulation, which is necessary to transition towards a low-carbon economy. Several governments use different types of GIP that lead to various outcomes. The Green Industry plays a pivotal role in creating a sustainable and environmentally responsible future; By prioritizing resource efficiency, renewable energy, and eco-friendly practices, this industry significantly benefits society and the planet at large.
Paolo Sylos Labini was an Italian economist and a key figure in the economic debate in post-World War II Italy. He was a professor of political economy at Sapienza University of Rome and an active member of Accademia Nazionale dei Lincei.
References
- ↑ Maassen, Peter A. M.; Olsen, Johan P. (14 May 2007). University dynamics and European integration. Springer. p. 174. ISBN 978-1-4020-5970-4 . Retrieved 26 March 2010.
... the research policy paradigm was already well embedded in a competitiveness/innovation oriented understanding and an understanding of the so-called European paradox, that is, the conjecture that EU member states play a leading global role in terms of top-level scientific output, but lag behind in the ability of converting this strength into wealth-generating innovations.
- ↑ Andreasen, Lars Erik (1995). Europe's next step: organisational innovation, competition and employment. Routledge. ISBN 978-0-7146-4630-5 . Retrieved 2 April 2010.
"... Europe’s poor position is not a result of its performance in research or R&D. On this point, there is in fact a European paradox ..." (page 10)
"... the efficiency of European R&D is 0.74, as against 1.6 for the USA and 1.32 for Japan. It is this which represents what I refer to as the ‘European paradox’." - ↑ "Green paper on innovation" (PDF). Retrieved 2011-05-01.
- ↑ See for example Giovanni Dosi, Patrick Llerana and Mauro Sylos Labini Dosi, Giovanni; Llerena, Patrick; Labini, Mauro Sylos (2006). "The relationships between science, technologies and their industrial exploitation: An illustration through the myths and realities of the so-called 'European Paradox'". Research Policy. 35 (10): 1450–1464. doi:10.1016/j.respol.2006.09.012. Research Policy, Volume 35, Issue 10, December 2006, Pages 1450-1464.
