Tag Archives: R&D

How Universities Support Recombinative Innovation

The importance of recombination is something I’ve touched upon numerous times over the years.  Indeed, research suggests that innovations today are much more likely to apply an existing innovation in new ways than to invent something truly unique. The study highlights that 40% of all patents submitted throughout the history of the USPTO are refinements of existing works.  What is ...

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The State of Open Innovation Today

Last summer I wrote about an interesting report exploring the extent of open innovation around Europe.  The study, conducted by the European Academic Network for Open Innovation, showed the growth in open innovation, with the majority of organizations practising it in some form or other.  This was helping companies to bring new, more novel products to market faster and more ...

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Why R&D Spending has Almost No Correlation to Innovation

Why R&D Spending has Almost No Correlation to Innovation

A newly released infographic by Visual Capitalist shows that while the US leads in the amount of dollars spent on research and development ($463 billion), it only came in fourth place with the percentage of GDP spent on R&D (2.79 percent), just over half of the GDP percentage invested by South Korea. Beyond Korea, the US is trailing Japan and Germany.

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Looking at Closed versus Open Innovation

Is there any word more fundamental to the modern business lexicon than ‘innovation’? To say that it forms an important part of enterprise is probably an understatement. If we take renowned researcher John Seeley Brown’s definition, the very nature of doing business is an act of innovation: that is, innovation is invention — of any form—implemented and taken to market. ...

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Using AI To Support Recombination

  Patented innovations line shelves as shown in the patent library above, and over the years I’ve written a number of times about the increasingly recombinative nature of innovation.  This posits that new innovations are often a combination of existing innovations rather than truly novel ones.  A paper from a few years ago found that roughly 40% of all patents ...

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State Backing for R&D is Declining

Growth is a permanent feature of western economic discourse, with politicians of all stripes promising to deliver it as the path to prosperity.  Of course, economists have long since known that growth is only possible through innovation, so it is perhaps no surprise that governments around the world are investing heavily in innovation. You have reports like the annual INSEAD/WIPO ...

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Why Companies are Investing More in Services and Software than Products

How to Protect Breakthrough Innovation

Since the release of its first polished-steel plow way back in 1837, John Deere has provided the heavy machinery to prep, plant and harvest crops. Over the years, it has evolved into a true American icon. And its green and yellow tractors are undoubtedly the first thing many people associate with the John Deere brand. Until recently, the company’s research ...

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