The innovation game has migrated downstream – from the point of invention nearer to the point of consumption. So how does Ireland now measure its innovation capabilities?
UNLESS WE CAN measure it properly, innovation is like the dotcom boom – lots of investment but a lack of clarity about value and a danger that the investment is misdirected. Traditionally (references to the word innovation appear as early as the 1600s), innovation is measured by patent filings, the number of maths and engineering graduates, RD investment and, less scientifically, the existence of industry clusters.
The problem with these measures is that they are very upstream – near to the point of invention – whereas the innovation game has migrated downstream, nearer the point of consumption. Traditional measures are close to the old industrial labs model of innovation rather than today’s Apple-style design-led or highly consumer-engaged innovation.
To read the full, original article click on this link: Measuring Innovation - The Irish Times - Fri, Jun 24, 2011
Author: HAYDN SHAUGHNESSY