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Science-pull innovation model

D. Nicolau, J. Niall
Centre for Strategic Economic Studies, AU

Keywords: biotechnology, nanotechnology, innovation, policy

The overall objective of this paper is to revise the existing models of innovation and their appropriateness in the context of the new emerging technologies and their cohesion. During the last five decades the models of innovation have changed from linear to integrated and networking models. The linear models dominant from the 1950s until mid 1970s evolved in the context of post war recovery and economic regeneration (up to early 1960s) and the exponential growth of the microelectronics industry (up to 1970s) (Rothwell 1995, Trott 1998, Cooper 1980). The third, fourth and fifth generation innovation models that have evolved sequentially in the last three decades have been increasingly more complex and sophisticated considering more and more elements in their representation (Graves 1987, Imai, Nonaka and Takeuchi 1985, Rothwell 1995). We are taking in this communication a conceptual approach into the development of a new market, namely science and R&D. Existing work has not yet considered science as a market and as a product but more as an initial stage in the development of innovation. Three of the most significant technologies today information technology, biotechnology and nanotechnology are all science-based technologies characterized by reciprocal contributions of three kinds: science to technology, technology to science and one technology to another. In general the development of science is interrelated to the development of technology and a strong manufacturing industry, but Australia makes a special case by having a very good tradition in science despite of a lack of certain high added value manufacturing sectors. We are presenting here a model of innovation, which attempts to address the particular situation of Australia with special emphasis on the state of Victoria. Can science pull innovation in our knowledge economy?

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