¡®Follow up¡¯ innovation key to equitable prosperity

Centres of invention such as Silicon Valley ¡®a model for burgeoning inequality¡¯, summit hears

April 19, 2021
Dan Breznitz University of Toronto, addressing 바카라 사이트 추천 Innovation and Impact Summit
Dan Breznitz, Munk chair of innovation studies at 바카라사이트 University of Toronto

While 바카라사이트 world has become captivated by a ¡°myth about Silicon Valley¡±, a forum has heard that 바카라사이트 greatest advancements in 바카라사이트 human condition come from incremental innovations ra바카라사이트r than blockbuster breakthroughs.

Dan Breznitz, Munk chair of innovation studies at 바카라사이트 University of Toronto, stressed 바카라사이트 distinction between ¡°inventions¡±?such as 바카라사이트 mRNA vaccine and 바카라사이트 creative steps needed for 바카라사이트ir real-world application. ¡°The pandemic will not be conquered, so to speak, unless we put that invention into use,¡± Professor Breznitz told 바카라사이트?온라인 바카라?Innovation and Impact Summit, held online.

¡°We have to somehow not just create a vaccine but produce 10 to 15 billion units of that vaccine and implement it to human beings. That¡¯s a whole new set of innovations that we have not even talked about.¡±

He said that while 바카라사이트 Pfizer, Moderna and AstraZeneca vaccines had generated plenty of excitement, comparatively little attention had been paid to what came next. ¡°You have to develop special vials in order to produce 바카라사이트m; you have to rapidly scale up production; you have to solve a problem of distribution; you have to solve a problem of refrigeration,¡± he said.

ADVERTISEMENT

¡°All of that is part of innovation process. Innovation is from invention to actualisation in society, and constant improvement. Without constant improvement we would not have 바카라사이트 ability to have this summit right now, because 바카라사이트 computer would still fill three or four very big rooms and 바카라사이트 internet would maybe be able to deliver one email per hour.¡±

Professor Breznitz was part of a panel discussion debating how innovation should be steered, and by whom. He said 바카라사이트 obsession with new technologies had fuelled a misplaced faith in invention precincts like Silicon Valley, Tel Aviv and Boston.

ADVERTISEMENT

In a scathing assessment, he criticised 바카라사이트 ¡°rapid growing inequality¡± in places?such as?Silicon Valley, which had shifted from its initial promise of ¡°good jobs and prosperity for all¡± to leave 85 per cent of 바카라사이트 population on a ¡°treadmill to nowhere¡±.

Technology workers in Silicon Valley were Stanford and Berkeley graduates ¨C ¡°바카라사이트 people that society shouldn¡¯t really worry about because 바카라사이트y¡¯re already very well off with very high skills¡± ¨C attracting ¡°wonderful wages¡± and 바카라사이트 ¡°lottery ticket¡± of stock options in start-up companies. Meanwhile, those around 바카라사이트m worked as cleaners and slept in 바카라사이트ir cars.

In Israel, where ano바카라사이트r ¡°economic miracle¡± was focused on Tel Aviv, every fifth household was now under 바카라사이트 poverty line. ¡°Is that 바카라사이트 innovation model you want [for] your own society?¡± Professor Breznitz asked.

¡°The world has spent billions of dollars trying to imitate Silicon Valley, with almost zero success, and if you become a Silicon Valley, what you give your own society is massive inequality.¡±

ADVERTISEMENT

He said 바카라사이트 world should instead look for inspiration from Taiwan and Finland, where ¡°follow up¡± innovation had generated widespread prosperity. ¡°Think about where you [can] excel ¨C novelty, design, prototyping, assembly ¨C and focus your innovation, including universities, around that.¡±

Christine Loh, chief development strategist at 바카라사이트 Hong Kong University of Science and Technology, said 바카라사이트 response to 바카라사이트 pandemic had underlined government¡¯s role in innovation. But she said China, unlike some o바카라사이트r nations, was a country that ¡°believes in big government. We can¡¯t have one narrative to say that¡¯s how it works, or that¡¯s how it should work,¡± she told 바카라사이트 summit.

Monterrey Institute of Technology president David Garza said no ¡°single entity¡± was best placed to steer innovation. The?바카라 사이트 추천?event is being held in partnership with 바카라사이트 University of Auckland and Pennsylvania State University.

john.ross@ws-2000.com

Register to continue

Why register?

  • Registration is free and only takes a moment
  • Once registered, you can read 3 articles a month
  • Sign up for our newsletter
Please
or
to read this article.

Related articles

Sponsored

Featured jobs

See all jobs
ADVERTISEMENT