Technological Innovation System - MIT ID Innovation

1
Framework For Technological Innovation
System MITID Innovation
2
A technological innovation system explains the
rate and quality of technological change. It is a
part of the bigger theoretical school, the
Innovation system approach. Technological change
is the process of invention, innovation, and
diffusion of a newly-developed technology or
gadget. Knowing and understanding its rate falls
under the system of technological innovation.
3
Analyzing a technological innovation system helps
evaluate the structures and processes of a
technological field that support and develop it.
The central ideology behind this system states
that the factors which determine technological
change are present in both individual firms and
societal structures. Stats suggest that 70 of
customers prefer it when companies collaborate on
their behalf.
4
Structure of the Technological Innovation System
A structure is one of the components involved in
the technological innovation system. There are
three structures of this system
5
Actors
The actors in the innovation system are
responsible for generating, diffusing, and
utilizing different technologies. Actors play the
role of developer, adopter, regulator, financier,
or another role in the innovation system. Actors
may vary from private actors to public actors as
they are not bound to work in a specific
industry. The interrelations between actors
directly affect the development of the innovation
system.
6
Institution
Institutes are the rules decided by an authority
or a group of actors. Authorities define rules
for formal institutions, while a group of actors
define rules for informal institutions. Informal
institutions have further two categories,
normative or cognitive. Normative rules value
moral significance, and cognitive rules denote
the collective mind frames.
7
Technological Factors
Features involved in the technological
structures, such as artefacts and technological
infrastructures, help understand the feedback
from a technological and institutional
perspective. All types of technological changes
and inventions affect the working of institutions
and firms, sometimes positively and sometimes
negatively.
8
Seven System Functions
The structures discussed above remain stable over
time, making them the perfect components in an
innovation system. However, these structures do
not completely satisfy the latest emerging
technologies. One such framework is the seven
system functions by Hekkert. As the name
suggests, it has seven functions explained here
9
Entrepreneurial Activities An entrepreneur is
someone who converts knowledge to business
opportunities through experiments. This function
uses projects like experiments and demonstrations
to depict the value of new technology in a
commercial environment. Knowledge
Development This function focuses on learning
activities regarding the new technology. Some of
the types of learning activities are
learning-by-doing and learning-by-searching.
10
Knowledge Diffusion The network works on the
exchanging of knowledge among all the actors.
This exchange can happen through collaborations,
partnerships, meetings, conferences, and
workshops. The spread of the new technology
ensures its usage and popularity.
11
Search Guidance Actors support the new
technology, and the search guidance function
depicts the activities that construct the
requirements and expectations of the actors
involved so that they continue supporting the
technology. This function can be positive or
negative, depending on the actors.
12
Market Formation The market formation function
ensures that there is a demand for the new
technology so that it does not disappear in the
crowd of existing competing technologies. Resource
Mobilization Activities involved in this
function help in the development of other
technologies, like subsidies and investments for
new developments.
13
Support from Coalitions To ensure that the
actors from other technology groups do not oppose
the new technology, this function introduces
political lobbies to support it.
14
About MIT ID Innovation
Secure your seat in the courses in
innovation offered by the reputed MIT ID
Innovation to know all the details and
information regarding digital transformations,
digital innovations, and trend-driven
innovations.
15
Conclusion
MIT ID Innovation Programme curates knowledge and
experiences that challenge the very paradigm of
evolution. And that's why we have set out to
define the future of industries, communities,
cities and ecosystems. MIT ID Innovation offers
the best Design Thinking and Innovation Courses
in Pune.
16
Wed love to hear
from you.

• MIT INSTITUTE OF DESIGNRajbaug,, Loni-Kalbhor,
  Pune-412201

• 91-7038982225 / 91 9834092369

• innovation_at_mitid.edu.in