Innovation 4.0: Shifting the Innovation Paradigm toward Creative Economy
The global financial crisis has brought social issues to the fore such as low growth, high unemployment, income inequality, climate change and resource depletion. In fact, those problems have been with us well before the crisis, and they lay bare the limits of the existing paradigm. Today, in order to achieve sustainable growth, we need to shift to a 4th generation innovation paradigm (Innovation 4.0). Innovation 4.0 should be science and technology based and creativity driven, and it must focus on building innovation ecosystems in the global context.
The 1st generation innovation paradigm (Innovation 1.0) concentrated on producing new technologies and products by a company itself. A research laboratory inside the company led innovation, developing knowledge and products. In the 2nd generation (Innovation 2.0), the key feature leading innovation was technology convergence from different sectors, but with innovation projects still conducted within a single sector. In the 3rd generation (Innovation 3.0), the concept of open innovation was introduced, and different innovation actors inside and outside the walls of any single company stared to collaborate with multiple ways.
The 2014 Daejeon Global Innovation Forum will provide ample opportunities for discussion on how innovation actors (precursors, collaborators, and facilitators) should lead Innovation 4.0, and the strategies to establish innovation ecosystems to comprehensively support innovation actors and activities.
- Session 1 - The Innovation Collaborators’ Context
- Session 2 - The Innovation Facilitators’ Context
- Session 3 - The Innovation Precursors’ Context
- Session 4 - The Innovation Clusters’ Context
- [A] Daynamic of Innovation in the Globe
- [B] Innovation toward a Creative Economy
- [C] Knowledge-based SMEs - Financial Support System
- [D] Innovation for Sustain able Development
- New Nano-Technology Seminar
- Student driven endeavors for critical vision by ICIStS - KAIST
- Entrepreneurship Development Seminar
- Strategies to enter silicon Valley