Elias G. Carayannis is full professor of science, technology, innovation and entrepreneurship, as well as co-founder and co-director of the Global and Entrepreneurial Finance Research Institute (GEFRI) and director of research on science, technology, innovation and entrepreneurship, European Union Research Center, (EURC) at the School of Business of the George Washington University in Washington, D.C. Carayannis’ teaching and research activities focus on the areas of strategic government-university-industry R&D partnerships, technology road-mapping, technology transfer and commercialization, international science and technology policy, technological entrepreneurship and regional economic development. Carayannis is the co-founder and co-director of the Global and Entrepreneurial Finance Research Institute (GEFRI) and Director of Research on Science, Technology, Innovation and Entrepreneurship of the European Union Research Center (EURC) at the GW School of Business. He is fluent in English, French, German, Greek, and has a working knowledge of Spanish.
KNOWLEDGE FOR DEVELOPMENT VISION 2030 (K4Dev_VISION 2030): A SYSTEMS PERSPECTIVE
At the end of WWI (a century ago), President Wilson framed the vision to “make the world safe for democracy”. A century later and fifteen years after 091101, the Arab Spring events and side‐effects (such as the Syrian conflict and even ISIS) demonstrated the need to “make democracy safe for the world”. The future and sustained peace, prosperity and security of the WORLD require that we pursue and accomplish a reasonable modicum of BOTH of those visions and Knowledge for Development (K4Dev) and its related proposed roadmap (K4Dev__Vision 2030) based on the concepts of Glocal (Global/Local) Network of Real and Virtual Incubators (G_RVIN) (Carayannis et al, 2005) as well as the concepts of Strategic Knowledge Arbitrage and Serendipity (SKARSE ©) plays a central role in this set of challenges and opportunities.
The emerging gloCalising (globalizing-localizing) frontier of converging systems, networks and sectors of innovation that is driven by increasingly complex, non-linear, and dynamic processes of knowledge creation, diffusion and use, confronts us with the need to re-conceptualize, if not to re-invent, the ways and means that knowledge production, utilization and renewal takes place in the context of the knowledge economy and society. Perspectives from and about different parts of the world and diverse human, socio-economic, technological and cultural contexts are interwoven to produce an emerging new worldview on how specialized knowledge, that is embedded in a particular socio-technical context, can serve as the unit of reference for stocks and flows of a hybrid, public/private, tacit/codified, tangible/virtual good, that represents the building block of knowledge economy, society, and policy. Carayannis (2001 and 2005) argues that the “Mode 3” model is the knowledge production system architecture that engages actively higher order learning (learning, learning to learn, learning to learn how to learn), in a multi-lateral, multi-nodal, multi-modal and multi-layered manner involving thus entities from government, academia, industry and civil-society, as well as driving co-opetition (competition-cooperation), co-specialization and co-evolution resource generation, allocation and appropriation processes (C3) that result in the formation of modalities such as innovation networks and knowledge clusters (Figure 1).
Strategic Knowledge Arbitrage and Serendipity (SKARSE ©) are real option drivers of K4Dev that drive the C3 (see above). Strategic knowledge serendipity refers to the unintended benefits of enabling knowledge to ‘spill over’ between employees, groups and functional domains (“happy accidents” in learning). More specifically, it describes the capacity to identify, recognize, access and integrate knowledge assets more effectively and efficiently to derive, develop and capture non-appropriable, defensible, sustainable and scalable pecuniary benefits, while Strategic knowledge arbitrage refers to the ability to distribute and use specific knowledge for applications other than the intended topic area. It refers to the capacity to create, identify, reallocate and recombine knowledge assets more effectively and efficiently to derive, develop and capture non-appropriable, defensible, sustainable and scalable pecuniary benefits. To operationalize the K4Dev_VISION 2030, we propose a set of initiatives and policies supporting smart, sustainable and inclusive growth via social innovation and leveraging social media modalities such as Crowd‐Sourcing, Crowd‐Funding and Crowd‐Storming in complementarity to and synergistically with other broader initiatives. These initiatives and policies would be focused primarily but not exclusively at the places where most of the Earth’s population is accumulating, namely Cities, aiming to transform as many of these urban locales and as profoundly as possible into “Smart Cities” organized around the concepts outlined above and especially based on the Quadruple and Quintuple Innovation Helix models (Carayannis et al, 2003 to 2016) which empower Civil Society on a Triple‐Bottom‐Line‐centric basis (ie Environmentally, Financially and Socially sustainable manner).
The Quadruple Innovation Helix bridges social ecology with knowledge production (Mode 3) and innovation. The most important constituent element of the quadruple helix – apart from the active “human agents” – is the resource of knowledge, which through a circulation known as circulation of knowledge, between social subsystems, changes to innovation and know-how in a society and for the economy. The Quadruple helix, thereby, visualizes the collective interaction and exchange of knowledge in a state by means of the following four subsystems:
Quadruple Innovation Helix models place a stronger focus on cooperation in innovation, and in particular, the dynamically intertwined processes of coopetition, coevolution and co-specialization, within and across regional and sectoral innovation ecosystems that could serve as the foundation for diverse smart specialization strategies. The European Commission RIS3 guide outlines a set of general principles as to how S3 strategies should be developed at the regional level and recognizes the significance and need for the Quadruple Innovation Helix approach by proposing to add a fourth group to a classical Triple Helix model. The Quintuple Innovation Helix complements the Quadruple Innovation Helix by adding the (natural) Environment as the fifth dimension and ensuring the sustainability of any bottom-up initiatives and top-down policies. Moreover, the Quadruple / Quintuple Innovation Helix model puts innovation users at its heart and encourages the development of innovations that are pertinent for users (civil society). Users or citizens here own and drive the innovation processes which is the essence of Social Innovation and in fact Sustainable Social Innovation bottom-up initiatives and top-down policies and practices.
Related initiatives, policies and practices that could enact and enable the K4Dev_Vision 2030 Roadmap we propose, could encompass networked, global/local, micro‐enterprise and SME formation and growth as well diaspora, refegees, and inner cyty projects via the Crowd-Storming, Crowd-Sourcing and Crowd-Funding modalities as well as the engagement of all sectors of the Quadruple Innovation Helix Model within the overarching Quintuple Innovation Helix sustainability framework (see Figure 3 below as a conceptual reference model as well as the closing questions from the 2005 book that remain valid today as they more than ten years ago (Carayannis and Sipp, Smart Development, Palgrave, 2005).