How a VC Model Helps Government Spin in Innovation

Description:

Historically, government has fostered technological leaps, from space flight to GPS to vaccines. But today, government access to cutting-edge technologies often involves tapping into advances made by outside players—engineering a “reverse tech transfer.” And it’s not easy: traditional approaches typically fail to attract commercial innovators.

In a similar effort to keep pace with startups’ agility and speed, many large corporations have created functions and investment strategies to engage external innovators, a "corporate venture capital" model - which offers a blueprint government can adapt to "spin in" commercial innovation.

This session explores what government can learn from venture capital - the strategies and playbook to bridge the innovation ecosystem.