Overcoming Hurdles for Commercializing Emerging Technologies: The Harbingers of Schumpeterian Cycles for Superior Economic Rent
Scott L. Newbert, PhD, is associate professor of management, Harry Halloran Emerging Scholar in Social Entrepreneurship, and Anne Quinn Welsh Faculty Fellow in Honors at Villanova University. His research on the socioeconomic impacts of entrepreneurial activity and valuation strategies for small firms has been published in numerous journals, including Strategic Organization, Small Business Economics, and Entrepreneurship Theory and Practice. He received his doctorate in strategic management and entrepreneurship from Rutgers University.
This book provides an impressive overview of emerging technologies, especially nanotechnologies and biotechnologies, and their prospective applications. It identifies and describes existing and potential markets for emerging technologiy-based applications, and projects scenarios for macroeconomic development based on these technologies. Integrated roadmaps for the development of a nano- and bioindustry are shown and policy measures and corporate strategies developed to advance these technologies. These measures are illustrated using roadmaps and policy case studies.The book combines a practical, comprehensive overview of the technical side of emerging technologies and their applications in various fields with an analysis of market developments and characteristics.
This paper deals with the creation of a new approach of roadmapping for emerging technologies on the example of applying nanotechnology for water treatment. The suggested approach combines revealing both possibilities of production and prospective consumer requirements in relation to innovative outcomes. The integrated roadmap allows revealing and estimating urgent challenges connected with insufficient water provision for citizens, setting goals for organisations working in this sphere and developing special measures to meet these challenges. This concept was used for roadmap development for nanotechnology water purification technologies with special emphasis on water treatment in Russia. The introduced approach is applicable not only for the sphere of emerging technologies but with some adaptation also for forecasting and strategic planning for corporations and government bodies.
The paper provides a number of proposed draft operational guidelines for technology measurement and includes a number of tentative technology definitions to be used for statistical purposes, principles for identification and classification of potentially growing technology areas, suggestions on the survey strategies and indicators. These are the key components of an internationally harmonized framework for collecting and interpreting technology data that would need to be further developed through a broader consultation process. A summary of definitions of technology already available in OECD manuals and the stocktaking results are provided in the Annex section.
Nanotechnology is a rapidly evolving area of knowledge related to the development of the methods of study and control of the matter at the molecular level to produce materials, devices, and systems with new technical, functional, and consumer properties that were impossible to achieve previously. The rapid expansion of nanotechnology R&D carries not only promised benefits, but also potential economic, social, environmental, legal, and ethical risks. Tha paper introduces national regulatory framework for nanotechnology development and provides an overview of available statistical indicators for assesing its potential economic impacts.
Developing methodically sound approaches to defining and analysing measurements of sectoral science and technology priorities is a key pre-requisite of a successful and effective state science, technology and innovation management system. This article presents the results of research into the evolution of Russia’s science and technology priorities in information and communication technologies (ICT) based on a system founded on detailed profiles for sectoral critical technologies supplemented by quantitative statistics on the development of the information society in Russia.Design/methodology/approach
This analysis of Russia’s ICT science and technology priorities was broken down into three periods which tie in with milestones when large-scale changes in ICT were observed: 2002–2006; 2007–2010; 2011–2015.Findings
This article presents the results of research into the evolution of Russia’s science and technology priorities in information and communication technologies (ICT) based on a system founded on detailed and carefully studied profiles for sectoral critical technologies supplemented by quantitative statistics on the development of the information society in Russia. An important aspect in support of this approach is regular large-scale processes to update the profiles of sectoral critical technologies (on average once every 5 years) and to conduct statistical observations in ICT (once every year). The involvement in this process of updating critical technologies of large (500 or more) numbers of sectoral experts representing industry leaders, research and educational institutions, core ministries and regulatory bodies guarantees a comprehensive cross-section in researching and profiling critical technologies in different important areas: science, production, and government administration.
Development of the russian energy sector seems to be rather promising (considering the speed and nature of the emergence of new technologies, such as digital power equipment, prognostic instruments, real-time payment techniques, etc.), however, there is no clear understanding of the potential demand level regarding specific technologies. frequently companies abandon research and development projects due to the uncertainty and risk of losing investments because of the absence of end-users. At the same time foreign suppliers of innovative solutions (including those for the energy sector) gain market power. Simultaneously, emerges the problem of strengthening competitiveness of the Russian federation regional economies in the view of tightening competition from foreign suppliers of innovative solutions including solutions for the energy sector.