Professor Andrew Hargadon Charles J. Soderquist Chair in Entrepreneurship Graduate School of Management University of California, Davis

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1 Professor Andrew Hargadon Charles J. Soderquist Chair in Entrepreneurship Graduate School of Management University of California, Davis

2

3 Pursuing Innovation Two traditional models The Linear Model The Great Man Model and an alternative The Networked Model

4 (The Linear Model) RDD&D

5 Basic research leads to new knowledge...new products and new processes do not appear fullgrown. They are founded on new principles and new conceptions, which in turn are painstakingly developed by research in the purest realms of science. Vannevar Bush, The Endless Frontier

6 Basic research leads to new knowledge...new products and new processes do not appear fullgrown. They are founded on new principles and new conceptions, which in turn are painstakingly developed by research in the purest realms of science. Vannevar Bush, The Endless Frontier Enabling innovation means enabling research

7 The Great Man Model

8 The Great Man Model Johann Gutenberg; Printing press (1450) James Watt; Steam engine (1769) Eli Whitney; Cotton gin (1793) Michael Faraday; Electric Motor (1821) Cyrus McCormick; Reaper (1831) Samuel Colt; Revolver (1835) Samuel Morse; Telegraph (1837) Alfred Nobel; Dynamite (1866) Alexander Graham Bell; Telephone (1876) Thomas Edison; Phonograph (1877) Thomas Edison; Light Bulb (1879) Marchese Marconi; Radio (1895) Wright Bros; Airplane (1903) Henry Ford; The Automobile (1908) Picasso; Cubism (1910) Philo T. Farnsworth; Television (1925) Alexander Fleming; Penicillin (1928) William Shockley; Transistor (1948) Watson & Crick; The double-helix (1953) Elvis Presley; Rock and Roll (1954)

9 The Great Man Model Johann Gutenberg; Printing press (1450) James Watt; Steam engine (1769) Eli Whitney; Cotton gin (1793) Michael Faraday; Electric Motor (1821) Cyrus McCormick; Reaper (1831) Samuel Colt; Revolver (1835) Samuel Morse; Telegraph (1837) Alfred Nobel; Dynamite (1866) Alexander Graham Bell; Telephone (1876) Thomas Edison; Phonograph (1877) Thomas Edison; Light Bulb (1879) Marchese Marconi; Radio (1895) Wright Bros; Airplane (1903) Henry Ford; The Automobile (1908) Picasso; Cubism (1910) Philo T. Farnsworth; Television (1925) Enabling innovation means enabling heroes Alexander Fleming; Penicillin (1928) William Shockley; Transistor (1948) Watson & Crick; The double-helix (1953) Elvis Presley; Rock and Roll (1954)

10 The Network Model

11 The Network Model

12 The Network Model

13 Telegraph Technology + suppliers Generator Companies Competing Light Mfrs Regulators JP Morgan & other venture investors Franchisees Local Investors

14 Principles of the Network Model 1. Innovation is about connecting (not inventing). 2. The network is the innovation 3. Enabling innovation means enabling networks.

15 June 28-July 2, 2010 Tahoe Center for Environmental Research Incline Village, Nevada June 28-July 2, 2010 Tahoe Center for Environmental Research University of California, Davis Prof. Andrew Hargadon Director, Center for Entrepreneurship UC Davis Graduate School of

16 5 Days, 50 Scientists Networked Innovation Start-up Strategies (-3 to +9) Technology Risk Building Teams Pitches Idea to Venture Market Risk Business Risk Pitching ideas Next Steps Mentoring Mentoring

17 GTEA

18 Academic Centers Corporate Partners Customers Angel Investors Researchers GTEA Venture Capitalists Entrepreneurs Research Sponsors (NSF, NIH, DOE) Policy Makers Foundations

19 Academic Centers Corporate Partners Customers Angel Investors Researchers FHEA Venture Capitalists Entrepreneurs Research Sponsors (NSF, NIH, DOE) Policy Makers Foundations

20 Academic Centers Corporate Partners Customers Angel Investors Researchers BMEA Venture Capitalists Entrepreneurs Research Sponsors (NSF, NIH, DOE) Policy Makers Foundations

21 Driptech Forest Eye Northwest Biosensors Solar PRINT Greenway Energy GreenBox SWEET Inc. Firefly Stove E4 Lighting EVO Fuels DualCool Envirofit Cookstoves WicKool Ferven MicroMidas Wooster Biotech Generize Covalent Solar PhytoClean BIDS HyProSys Hydrotech W&K Environmental Solutions

22 June 28-July 2, 2010 Tahoe Center for Environmental Research Incline Village, Nevada Professor Andrew Hargadon Charles J. Soderquist Chair in Entrepreneurship Graduate School of Management University of California, Davis

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