Creating Regional Wealth Copy

Jeff Saperstein & Associates

Creating Regional Wealth in the Innovation Economy

Models Perspectives Best Practices


Presentation content

Why we wrote this book Our approach Major observations


Who Is?

Narayana Murthy Lee Quan Hew Vinod Khosla Muhammad Yunus


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Why We Wrote This Book

Digital divide Narrow focus of most books on the topic Unique experience in collaboration

Neither a recipe book nor a theoretical abstraction…a guide to help people through the wisdom of those who have knowledge and experience. Targeted for regional development and personal career choices.


Core Questions

Where is the right place to be? Principles and practices enabling regions to

adapt to IE How can regions plug into IE with their

own particular strengths Lessons learned for economic development How can FDI be attracted and businesses

plug into successful regions


Levels of Understanding

Data Information Insight QuickTimeª and a

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Indian Institute of Technology


Our Approach

Academic Journalist Consultant

Models Perspectives Best Practices


Hypotheses

Innovation Economy Linked Regions Collaborative Entities Entrepreneurial Champions

Well known experts Leaders in their field Active players in the Innovation Economy


How We Worked

Project teams in regions Face to face interviews as possible Format that enabled us to be consistent yet

true to local flavor Factors selected by region to highlight local

dynamics yet eliminate redundancy Emphasis on perspectives


Regions Selected

Silicon Valley Ireland Sweden Munich

Cambridge Sophia Antipolis Taiwan Israel India--Bangalore and

other high tech regions


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Ways To Read By

Region Sector Perspectives Compare approaches of all for lessons

learned


Major Observations

Attitude drives accomplishment Reverence for knowledge Openness to new ideas Flexibility to adapt Capacity to work with people from other

cultures


Major Observations

Education and investment in people is a clear priority for governments Major universities Regional technical

colleges Research institutions Technology parks


Major Observations

A convergence of societal institutions must work together for a region to succeed Government at all levels NGO’s and educational institutions Industry and labor Venture capital and markets

Permeable collaboration has huge implications for individual career choices


Major Observations

Entrepreneurial risk must be rewarded and encouraged for individuals Stock options and open capital markets Environment that does not penalize failure Networked society


Major Observations

There is an evolution to regional success and working up the value chain Low-cost manufacturing and service centers evolve to high end

sophisticated regions Regional integration between high end and low end is encouraging

(Taiwan--China) Transnational diasporas are great catalysts for regional

development


Major Observations

Successful regions have staked out important distinctive competencies Leverage regional strengths Do not replicate Silicon Valley


Major Observations

Technological innovation is viewed as a liberating factor for regions and people who have a self-image as oppressed or disadvantaged

Permanent emigration is no longer the only option for their brightest and most ambitious people


In Conclusion

For much of the world, poverty, ignorance, and societal dysfunction has led many to despair, anger and fanaticism as the only way to attain human dignity. Perhaps the promise of Creating Regional Wealth in the Innovation Economy will provide another way for the benefit of all.