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From the Editor: 20/10 Vision
Predicting Tomorrow's Innovation
The word innovate receives a healthy share of the lime-light in today’s corporate dialogue. Why the obsession? Why the focus on what’s new?
In April 2010, The Economist reported that China produces 75,000 people with higher degrees in engineering or computer science annually, and India 60,000. Additionally, the number of companies on the Financial Times 500 list from Brazil, India, China and Russia more than quadrupled from 15 in 2006 to 62 in 2008. This same list of 500 companies has 98 research and development (R&D) facilities in China and 63 in India. And the numbers are growing.
It is no secret that with innovation comes market power. With market power comes not only direct business and economic control, but political and cultural strength as well. The numbers above reflect the following reality: the global balance of power is shifting.
20/10 Vision focuses on industries that will help dictate where the balance of power lies in the years to come. Cutting-edge life-science technologies such as stem cells and wireless health represent huge growth opportunities with plenty of room for discovery. Advanced biofuels and solar power are also burgeoning onto the spectrum.
Our journal also inspects the wheels of this innovation. Where will the money come from? John Douglas, M.D. and Marc Hermsmeyer shed some light in their piece, Venture Capital: Current Challenges and Future Directions. Where will the R&D happen? Professor Vish Krishnan takes a peek behind university laboratories in our signature piece on innovation, Innovating Our Way Out of a Crisis.
Our goal with this publication is to inform our reader, you, with what you need to know to walk comfortably into the years ahead. Want to be an active participant in the global dance for impact? Learn about technologies that will save lives and make the Earth healthier? The pleasure is ours.
Royan Kamyar, M.D.