Where Should Innovation Be Conducted and by Whom?
There’s no one “correct” philosophy of innovation. Individuals, institutions, commercial entities, academic medical centers (AMCs), and research universities all have differing philosophies regarding commercialization of creative thought. One of our jobs as innovation leaders is to strive to understand these differences and unite and harness them in support of mission.
This chapter first touches on what philosophies motivate the individual innovator and dominate the thinking of the leaders charged with managing the innovation function at Cleveland Clinic. Next, it describes why the new locus of U.S. medical innovation is no longer industry, but our AMCs and research universities, ...