riom the book...Rethinking Institutional Analysis and Development: Issues, Alternative and Choice (Ostram,Vincent; Feeny, David and Picht, Hartmut; 1993; International Centre for self-governance)

Technological Innovation is not entirely a market phenomenon.

as the economy and production techniques grow in complexity and sophistication, technology depends increasingly on the stock of basic services from which it draws. Basic science, and indeed much of the technology it engenders, has the characteristic of a public good.lead times are long, investment in human capital substantial, commercial profitability very risky, and the benefits of success hard to appropriate. the process of technological innovation, therefore, depends on a complex set of institutional arrangements. not only those institutions that produce the innovations are involved, but also those that define ownership and new forms of contract, or allocate the risk of negative externalities.

in fact, technological innovation depends to a considerable extent on institutional investments and innovation, which are not exclusively or even primarily , market events.

there has been a tendency to view institutional innovation and change at the local level as "adaptive". cultures have evolved their institutional capital as they have responded to environment changes in order to survive.

institutional and cultural change may be rapid, for example, if conditions change rapidly and dramatically, if incentives for innovation are strong and if opportunities for learning new organizational and cognitive forms are afforded. it is important to view culture as a basi for expanding choice not limiting it.

an innovation a day ...keeps the competitors at bay..

an innovaton a day ...keeps the VCs busy

an innovation a day ..sucks the resources like water in may

an innovation a day

makes the new product manager

hapyp jolly and gay

lols

its been long there has not been activity on this domain...

trust me there will be activity.. but for some more time there will be a hiatus here.. as i delve into my thesis work which is not really located in this domain nor does it seem to touch this domain. hence i ll be diverting my energies elsewhere (as if all my energies have been here...lols)...

its evident almost no one reads this blog cause of inactivity..however those little who do visit this pae sometimes.. i have an obligation to inform that activity might not be here for about a month or two and if it does happen it will be rare..

often the best of my mind in one domain happens when i am busy wtih another domain..at least the innovative best.. i dont know what this process is or how do i include this in the process of innovation.. but that is the hope that makes me write that if activity happens on this blog it will be rare...

so the next desired innovation is how to keep things happening on this blog..

suggestions are welcome while i get busy my thesis.

i had posed for myself.. thirteen questions to seek answers to in order to understand the incubation process.. i am not closer to the answers than i was when i had started.

the quest for the incubation centre itself has been strange. i thought of it initially for my engineering college juniors but there was no one interested in such things. the idea flopped.. there were no takers. the idea hatched but the birdie never learnt to fly.. maybe i had asked it to fly too soon. that was lesson no.1.

this time over.. my failure taught me and i started modest. the field is as tough as engineering but the chances of success are many. the field is not so hotly contested as of yet. also i went on veru subtly adn built a sort of core team around me. we tlked and discussed very lightly and gently. i actually built two core teams hoping to merge them sometime in the future though i realised that they had radically different styles of working. one of them failed to take off. the other hasn't stopped. soon there were others who expressed interest. there was a team in place to push it forward. this meant there were critical drivers to the passion and the idea.

this meant some activities happened and some new meat kept on coming. this lured my efforts and energy and those of the others as well. this meant that some renewal of energy kept on happening and soon we were on our way to a group. we are now a loosely associated group that really doesnt know what work to do. much like many incubation centres we lack a process.

so together we search for a process. you are free to join hands in the quest.

however this expereince has shown that probably it might be difficult to differentiate between stages but there is a transition and there are many stages for sure. the transition from one stage to another has to be fed and triggered by an input or an internal creation that is new to the system. in our case it was the new envrionment of non engineering ...scoial entrepreneurship.. this was also aided by the more conducive environment for innovaiton and incubation. the transition was the approach in having a team that could sustain on its own and was not dependent on external feeds to sustain.

the innovative trigger, the capacity to change and the capacity to tolerate the effects of change and the relevance of both before and after the change are essential components for sustainability.

cheers incubators and innovators