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Terms of UseArticles published at zebraventures.com and related blogs and online media are the copyright of Kavita Copas. Reference to the author and zebraventures.com is kindly requested in citing this article or any part thereof. No implicit permission is granted to reproduce or present the content within, wholly or in part, for commercial, broadcast or training purposes. REGULATION & INNOVATION: A CONTRADICTION IN TERMS? How do you regulate a creative process in a technologically profit & growth driven economy? Innovation is a priority for senior executives globally; In a survey almost 70% reported a lack of confidence in decision making to achieve financial impact (Barsh, Capozzi & Davidson, McKinsey 2008), it also concluded that mimicry of success of others does not yield optimal results. Is there strategic aspiration but limited implementation knowhow that is colluding with a risk averse regulation to make progressive investments appear more challenging or risky than they are? I believe the UK has failed to realise its innovation potential due to disjointed thinking and 'zeitgeisty' pursuits in 'Manhattan Project-esque' technology arms races. Based on faulty logic and stoked by a media elite; bankers, academics & executives have blinded policymakers with the promise of high rewards in inherently higher than necessary risk propositions. Take AI as a prime example. AI has existed for decades but due to economic challenge from East & West it now risks upending the socio-political balance. AI raises existential questions about human capabilities while being touted as a cure for mudane problems like hospital waiting lists. We risk social and institutional regression and compromised data insecurity if we hurtle down a Silicon Valley rabbit hole and fail to value the capacity of the human labour force and traditional professions. Technology and money alone cannot solve human problems created in the real world. Sir James Dyson sat at the intersect of nature, art & science to uniquely conceive beautiful and functional products. He was not motivated by profit alone. Prior to his success with the Dyson Vacuum he was ousted by investors who sold out an earlier invention 'the ballbarrow' from which Dyson did not profit. He eventually succeeded through tenacity with the Dyson Vacuum but many similar inventors have not. How do we find future Dysons who can harness the potential of technology for sustainable growth in the context of national priorities; and secure positive collaboration from the investment community? INNOVATION WITH PURPOSE: MANAGING RISKFrom the outset we have to recognise the contradiction for decision makers in accepting the need for disruptive growth processes while maintaining business as usual. Innovation strategy is a board level concern and cuts across all key functions. It requires CEOs to: Founders and leaders in new organisations and start-ups are inherently open to the creative challenge and the risks that come with innovation. However, larger businesses, family owned enterprises and the service sector need help to shift attitudes and build innovation that eventually permeates an organisation at all levels. INNOVATE EVERYWHERE: BEYOND BOUNDARIESConsider some of UK's biggest challenges; public health, organised & youth crime, utility infrastructure, immigration, food security. A breakdown in social cohesion and lack of shared purpose. Attempts have been made to bridge academic - industrial - professional services divide but in spite of best intentions investment is rapidly misplaced and diluted by cultural cliques and lack of strategic oversight.
To be commercially successful technology needs to be applied creatively. A shift is required from a consumerist market perspective towards forensic problem definition and a quest for elegant evolutionary solutions. Technology and finance are mere enablers; innovation applies to products, processes, methods, contracts, policy. Possible priority areas include: The problem-solution interface is almost magical, where the melding of individual world views allow unforeseen and unknown concepts to take shape. From a position of 'unknowing' new solutions emerge with concepts that can eventually be protected via patents and exploited through licensing or joint ventures. Breakthrough start-ups established on well protected patent portfolios reduce market entry risks and competitor threats. Managing people through change and growth is crucial for success. Tackling hurdles to innovation comes with experience of working with uncertainty and risk. It requires people to step out of routine expectations and trust in their abilities to imagine, challenge, and create. Innovating can be an unsettling and seemingly unproductive pursuit in the short term but iterative experimentation and learning can, and does, yield surprising results. VITAPILLS.UK CASE STUDY: A £100 PROTO-PROJECTBeing continually thwarted in attempts to innovate within organisations I look for niche market opportunities and product concepts. VITA PILLs draws on professional experience in healthcare, biotech as well as interests in writing, media and design. I made the connection to a viable opportunity while pursuing unrelated self-study in social psychology and psychosomatic affects, participation in competitive sport and development coaching. VITA PILLs is effectively a white label product that can be adapted, targeted and marketed in a multitude of ways. With the necessary approval, healthcare policy and training VITA PILLs could be revolutionary at very low cost. GUN CRIME: REFRAMING THE PROBLEMProblem definition is critical to effective resource targeting, product and process development. I stumbled upon a 2006 report by G.Hales on Gun Crime. Data showed a shift from airgun use to lethal hand weapons but the incidence of fatalities did not track the rise in lethal weapon ownership. Without in-depth analysis I wondered if opportunistic users of more powerful weaponry were yet to realise the need for improved eyesight, reaction time and practice. Could the key to preventing a rise in gun fatalities lie with linking optician records to gun owner databases and sporting or other pursuits that require good hand / eye co-ordination? A ROBUST PROCESS: METRICS & STAKEHOLDERSAt a national strategy level we must define what the UK's role in global, often highly classified, scientific development is going to be and channel investment and resources accordingly. I believe the UK excels at the academic, proof of concept and design stages but lacks in commercial protection and cross discipline board level understanding to achieve full realisation of investment. at a national and global level. Key stakeholders include the The Treasury, Research Councils, IoD, MoD as well as government departments with significant scientific (not just IT) related budgets such as NHS, transport and national security. A problem (not technology) led, approach to framing department priorities is essential. A focus on people led progress and what is required for human / social improvement, and the quality of life would be a good alternative to kowtowing to external technology fads. Resources, technology and structures already exist. It is necessary to facilitate a process that overcomes primarily political and legal hurdles in order to reach successful science and technology outcomes. Within the commercial and business domain education, training and leadership support around systems change is key. Evolving culture and business models through protection of ideas, reward structures and realising revenue potential derived from on shored manufacturing, strategic licensing and spin offs. Audit and accountability of investment as well as RoI and growth metrics need to be coupled with measures of innovation process understanding and skills development within organisations of all sizes. The magic of innovation needs end to end thinking and oversight that isn't entangled in bureaucracy and political point scoring. Ideas that truly address a need or solve entrenched problems should be nurtured and allowed to reach fruition. November 2024 revised March 2025 | |||||
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