INTERNATIONAL BEST PRACTICES IN INNOVATION MANAGEMENT

Transcription

1 INTERNATIONAL BEST PRACTICES IN INNOVATION MANAGEMENT PRESENTATION AT SKOLKOVO BUSINESS SCHOOL NOVEMBER 2011 STEVEN GEIGER, COO, SKOLKOVO FOUNDATION

2 SOME BACKGROUND ON SKOLKOVO Skolkovo is a strategic development initiative to: Diversify and grow Russia s economy through innovation and entrepreneurship Develop human capital through worldclass research and education Fully-integrate Russian technology into the global economy Create globally-competitive knowledge-based companies 2

3 SKOLKOVO S RECIPE FOR INNOVATION Open, transparent, and fair: essential to attract world-class talent, institutions and businesses International standards Maximum private sector participation Self-sustaining over time Physical and virtual layers 3

4 Technology maturity / market acceptance Early Mid Late WHAT S THE PROBLEM IN RUSSIA? Normal Technology Life Cycle Private Equity IPOs Large Corporates Commoditization of Technology Entrepreneurs Basic Applied Research Research VC Time 4

5 Technology maturity / market acceptance Early Mid Late WHAT S THE PROBLEM IN RUSSIA? Current Russian Situation The Gap : Research not linked to market Little early-stage financing or services Result: weak commercialization Private Equity IPOs Large Corporates Commoditization of Technology Entrepreneurs Basic Applied Research Research VC Time 5

6 Technology maturity / market acceptance Early Mid Late WHAT S THE SOLUTION? Close this gap with tools for innovation and commercialization Skolkovo Ecosystem Key partners Entrepreneurs VC Virtual Skolkovo Basic Research Applied Research Skolkovo Institute Innovation Center 5 clusters Technopark City Infrastructure Large Corporates Commoditization of Technology Time 6

7 LET S SEE HOW THESE DRIVE INNOVATION 1. THE INSTITUTE 7

8 SKOLKOVO INSTITUTE OF SCIENCE & TECHNOLOGY World s first graduate university to fullyintegrate research, education, innovation and entrepreneurship Core of Skolkovo ecosystem Source of high-caliber talent 1200 graduate students and 300 faculty/post-docs by programs, 15 research centers (each with 3-4 labs) Strategic partner: 8

9 UNIQUE PLATFORM FOR GLOBAL COLLABORATION Research Centers SIST MIT Energy Program IT Program Biomed Program Space Program Nuclear Program Russian & international institutions 9

10 SO HOW DOES THIS DRIVE INNOVATION IN RUSSIA? 1. World-class R&D 2. Open platform = fresh ideas 3. Program-based = cross-disciplinary innovation 4. CEI ensures innovation is in the organization s DNA 5. Contract research: new for Russia, change corporate mentality 10

11 2. THE INNOVATION CENTER 11

12 INNOVATION CENTER 5 technology clusters Technopark Key partners 12

13 5 TECHNOLOGY CLUSTERS Energy: efficiency, saving, new energy technology IT: software, engineering, devices Biomed: biotech, drugs, devices Reflecting 5 modernization priorities of the Russian government Space: telecoms, navigation, imaging, life systems Nuclear: medicine, energy, materials 13

14 HOW DO CLUSTERS DRIVE INNOVATION? 1. Find innovative startups 2. Pair with international experts 3. Challenge strategy 4. Provide VC interface 5. Conduct international roadshows, force companies to measure themselves against the best 14

15 TECHNOPARK Clusters Skolkovo Institute Startups & Spin-offs Other universities Incubation Market assistance Corporate services Skolkovo funds Funding External VCs Technopark Infrastructure 15

16 HOW DOES TECHNOPARK DRIVE INNOVATION? 1. Nurtures startups & spinoffs 2. Collaborative environment 3. Services (IP management, international access) 4. Interface with VCs and SIST 5. Turnover management = create sense of urgency 16

17 KEY PARTNERS International companies Russian companies 17

18 HOW DO KEY PARTNERS DRIVE INNOVATION? 1. Create and operate R&D centers in Skolkovo 2. Bring best international practices in R&D and commercialization 3. Co-invest in promising Skolkovo start-ups 4. Provide early commercialization opportunities for Skolkovo startups 5. Fund research at SIST 18

19 SOME PERSONAL EXPERIENCE DRIVING OTHER WORLD-CLASS INNOVATION Challenge: Turn a tiny country (400,000 citizens) with few scientific or technological resources into a world leader in innovative green technologies Results achieved: ( ) Dominant investor in green technology ($15 billion) World s first zero-carbon city under construction Awarded UN Headquarters for Renewable Energy World s largest offshore wind farm (London Array) World s largest CSP plant (Shams 1) World s first 24-hour solar power plant (Gemasolar) 19

20 SOME PERSONAL EXPERIENCE DRIVING OTHER WORLD-CLASS INNOVATION Case study of Masdar PV: innovative thin-film photovoltaics Masdar PV August 2008 December 2008 August 2009 Required simultaneously innovating the technology and the production process Speed was critical: 12 months from groundbreak to first production Intensely international: American supplier, European management, Middle East financing, German R&D, global market 20

21 LESSONS LEARNED Innovation is intensive global collaboration Incremental innovation vs. step-change: which are you, does your industry accommodate, is your time-tomarket realistic? Excessive attempts to limit risk inherently limit chances of success There is no alternative to innovation, learn to live with it 21

22 THANK YOU For more information, please contact: Steven Geiger COO Or visit our website: 22