Disruptive Technology and the Innovation Ecosystem

1. Disruptive Technology and the Innovation Ecosystem Wendy Cukier MA, MBA, PhD, DU (hon) LLD (hon) M.S.C wcukier@Ryerson.ca

2. Agenda • Disruptive Technologies • What is Innovation? • Innovation Ecosystems • Universities in the 21st Century • Lessons

3. Disruptive and Exponential Technologies “Markets that do not exist cannot be analysed” - Christensen

4. AI and Machine Learning

5. Gene Editing Gene editing is a type of genetic engineering use in both agricultural and human research in which DNA is inserted, replaced, or removed from a genome using artificially engineered nucleases, or “molecular scissors.” There are currently four families of engineered nucleases being used: Zinc finger nucleases (ZFNs), Transcription Activator-Like Effector Nucleases (TALENs), the CRISPR/Cas system, and engineered meganuclease re-engineered homing endonucleases. It can also involve gene silencing using RNA interference (RNAi). Unlike transgenics, which involves the transfer of genes from another species (“foreign” genes, used in transgenics). This process is cisgenic, meaning it involves changes made from within the organism itself. Gene Editing Gene editing is a type of genetic engineering use in both agricultural and human research in which DNA is inserted, replaced, or removed from a genome using artificially engineered nucleases, or “molecular scissors.” There are currently four families of engineered nucleases being used: Zinc finger nucleases (ZFNs), Transcription Activator-Like Effector Nucleases (TALENs), the CRISPR/Cas system, and engineered meganuclease re-engineered homing endonucleases. It can also involve gene silencing using RNA interference (RNAi). Unlike transgenics, which involves the transfer of genes from another species (“foreign” genes, used in transgenics). This process is cisgenic, meaning it involves changes made from within the organism itself. Internet of Things

6. Embed this visual Transcript - See more at: http://visual.ly/big-data#sthash.2YMfbc8r.dpuf Big Data and Analytics

7. Additive Manufacturing

8. Nano

9. Alternative Energy

10. AR/VR/MR

11. Block Chain

12. Gene Editing DNA is inserted, replaced, or removed from a genome using artificially engineered nucleases, or “molecular scissors.” gene silencing using RNA interference (RNAi) is cisgenic, meaning it involves changes made from within the organism itself (vs. transgenics, involves the transfer of genes from another species Transforming human health and agriculture

13. Robotics

15. WHAT IS INNOVATION? Doing differently • New products and services • New initiatives or organizations • New processes “Creativity is thinking up new things. Innovation is doing new things.” - Theodore Levitt • Innovation ≠ Invention • Innovation ≠ Consultation/consensus • Innovation ≠ Talk • Innovation ≠ Start ups Innovation is “new ideas that add value”

16. Application and combinations of new technologies

17. Without adoption there is no innovation • “Obstacles to the practical use of the computerized medical record exist, but we may expect these to vanish within a few years..” -Bradbury, 1990 • Canadian consumers lead in mobile but companies lag: “Canadian businesses are moving ‘bad slow’ in adopting digital technology - Sam Sebastian, Google Canada • 40% of Ontario’s SMEs do not have internet presence

18. One Size Does Not Fit All • Biotech/Pharma • ICT • Manufacturing • Finance • Retail • SMEs • Government • Health • Education • Non Governmental Organizations

19. Failure of Rational Models

20. Emotion and Irrationality

21. New Model: Not just private sector. • Recognize the fundamental importance of innovation in the public service and social sector

22. Frugal Innovation: At the bottom of the pyramid The

23. BUILDING INNOVATION ECOSYSTEMS

24. Measure of Innovation Ecosystem • Start up Firms • High Growth Firms • Employment in Tech Intensive industries • Research Systems – IP, citations, patents • Human resources – education, youth, skills • Research systems – finances and support • Firm Investments in research • Linkages, networks and clusters • Culture of entrepreneurship • Policies • Technology infrastructure • Access to markets (local, regional, global)

25. Innovation Barriers and Drivers Group Organizational Individual Environment Sector

26. Culture eats strategy Entrepreneur Bureaucrat Start with resources in hand (budget) Bias toward analysis Formal structure Work independently and autonomously Focus on traditional metrics Start with perception of an opportunity Bias toward action Make adjustment as they go Build teams and informal networks Focus on impact

27. UNIVERSITY FOR THE 21st CENTURY: Traditional University Research Roadmap from Lab to Market

28. Market Driven Innovation

29. Growing Entrepreneurs “You cannot learn surfing from a textbook”

30. Developing Talent: The Skills Gap • Planning when you cannot predict: foundational knowledge and skills; capacity to learn • Science, technology, engineering and math are foundational but need to be augmented with arts and social sciences – management, design, policy etc. • Excellence and relevance: no more ivory towers • Responsivenessand flexibility: short intensive programs • Work integrated learning • Multiple pathways • Coordination: A systems approach • Leverage diversity

31. Canadian global brand: Unprecedented opportunity for “brain gain”

32. LESSONS • The pace of change and disruption in the next 5 years will make the last five years look like slow motion • Innovation is critical on all levels in all sectors • Technology driven innovation is necessary but insufficient • Excellence and relevance are not mutually exclusive • Educational institutions must turn the innovation lens inward • We need system wide approaches

33. CONTACT Diversity Institute Ted Rogers School of Management Ryerson University http://www.ryerson.ca/diversity diversityinstitute@ryerson.ca 416-979-5000 ext. 7268