9. From Science to Market Flashcards
How does the technology S-curve relate to dominant design?
It is related in the sense that in the beginning, the performance is very low and the rate of product innovation is very high. It is very fluid and disperse innovation/technologies that are tested and innovated. This suits best for small start-ups. Later, when we have better understanding of the tech and its application we reach a more narrow set of technologies and at some point one design will dominate. then the product innovation rate is very low because there is one dominant design that capture the market share. This suits best for large firms with market power and economies of scale
Can a scientists/innovator reach the market alone?
Yes but it is hard. Often it is required to collaborate with other scientists and firms. Researchers often lack the business skills and how to commercialise the innovation in the market to capture value. As we heard from the ExoLabs guy.
is it enough for a country to spend a large share of GDP on R&D?
Oftentimes not, you need to have a high R&D/GDP share but you also need to attract capital from abroad. Ex by setting up science centers in your country.
What are the two science funding agencies in Switzerland and how do they differ?
- Swiss National Science Foundation - they fund basic research to personal funding for their ideas, scientists themselves.
- Innosuisse - they fund applied research and hence projects instead. Always an SME or bigger co-joint with a scientific organization.
What is the difference between basic research and applied research?
Basic research is the creation of knowledge, while applied research is about turning knowledge into useful products.
