Open Innovation Ecosystems Driving Regional Economic Development
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1 Open Innovation Ecosystems Driving Regional Economic Development Prof Willie Donnelly, Vice President of Research & Innovation, Director TSSG Waterford Institute of Technology Professor Bill O Gorman Centre for Enterprise Development and Regional Economy (CEDRE), WIT
2 WIT Some Key Facts Over 7000 full time students & 1500 part time (Business, Education, Engineering, Humanities, Health Science, Science) 107m research awards Over 400 research staff and research postgraduate students actively involved in funded research projects in WIT 134 Principal Investigators, Research Fellows and Postdoctoral Researchers supported by sponsored research > 9.5m payroll (unique model within IOT sector) More than 170 active research projects
3 Introduction Innovation policies and the development of regions A blueprint for Regional Open Innovation Ecosystems The role of Technological Universities as a Catalyst for Open Innovation
4 The reality of regional development and innovation: Factors triggering and feeding innovation and regional development are increasingly found elsewhere rather than within the internal network of relations that have traditionally been the main focus of regional development (Bellini and Hilpert, 2013) No longer can boundaries be seen as impediments to the movement of goods, innovation, research, nor the commercialisation of research (Fujita, 2010) Most small country economies and regions need to embrace a new step in the evolutionary process of enterprise policy progression and development (O Gorman and Cooney, 2007)
5 The Dilemma: Regional innovation paradox (Oughton, Landabaso and Morgan. 2002) The Response: Regional Open Innovation Ecosystems (O Gorman and Donnelly, 2013)
6 However... It is not innovation itself that is key to regional development but rather the process and location of innovation and the commercialisation and internationalisation of research outputs. The locus and catalyst of innovation systems and the commercialisation of research is in fact within the region, as opposed to solely at a national or supranational level. Therefore supranational, national, regional and local innovation policies need to be aligned
7 An Ecosystem of Open Innovation is:. in the new economy, based on social innovation. This is core and must recognise the consumer/citizen as part of the innovation process. entrepreneurial attitudes, entrepreneurial behaviour, and entrepreneurial stakeholders. inclusive, adaptable, sustainable knowledge flows and knowledge networks. multi-disciplinary, multi-organisational, multi-sectoral and multi-institutional cooperative and collaborative networks. bringing together technology innovation, business innovation, and social innovation..crowd sourcing citizen as part of the innovation process
8 Regional Open Innovation System a blueprint Bill O Gorman and Willie Donnelly 2013
9 Arclabs Innovation Model Arclabes management Technology Transfer Research Support Office One Stop Shop TSSG CEDRE
10 Ten years of evolution.. Regional Engagement Government Agencies Local Authority Industry HPSU SME Research Open Innovation Lifelong Learning FDI Research community Graduate Training Funding agencies Horizon 2020 Internationalisation Strategic Partnerships
11 Knowledge Transfer Multinational Corporations Research Entrepreneurship International Collaboration Arclabs Regional Development Graduate studies Internationalisation 4 th level training Industry led graduate degrees
12 The role of a Technological University: A region must consist of interconnected individuals, organisations and institutions that take cognisance of and utilise regional specialisms and nuances to foster a culture of open innovation, where knowledge is generated, diffused and exploited in an environment conducive to business growth, regional economic and social inclusion There needs to be a catalyst to articulate and drive this vision so that the region can be an integral collaborative partner of international innovation networks
13 The catalyst: Technological University
14 Regional Open Innovation Systems International Reputation Attracting high quality academics Engineers and Students Brain Brain knowledge spill-over, job mobility and wealth creation in regions Drain Brain Gain Brain Technological University catalyst to develop this necessary churn Circulation Exchange Knowledge flow Flow of people and ideas between Industry and academia
15 Sustainable Economic Development Convergent Technologies Research Services Innovation & Regional Innovation Policy Mobile Services Eco-Innovation knowledge is key to economic success and regional sustainability Advanced Manufacturing Pharmaceutical & Molecular Biotechnology Applied Materials Technological University Engine for Knowledge Creation and Application
16 Sustainable Economic Development Nature of knowledge and way it is produced Is changing Technological University structures must reflect to these models
17 A Technological University Is the catalyst that will facilitate the Regional Open Innovation Ecosystem by enabling new interfaces between engineering/science, humanities, business, and society to embrace an all-inclusive environment of development, growth, and sustainability.
18 A Technological University Is the catalyst that will facilitate the Regional Open Innovation Ecosystem by enabling new interfaces between engineering/science, humanities, business, and society to embrace an all-inclusive environment of development, growth, and sustainability.
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