Over the past 25 years, the field of innovation, entrepreneurship and commercialization has reached a critical mass and maturity. It is not only possible but also essential to scale it so that an immense amount of untapped human innovative potential can be unleashed for the benefit of our people. Further, R&D centers and existing entrepreneurial ecosystems can be made more impactful. Firstly, this book succinctly identifies the entire field of innovation into one comprehensive and meaningful framework to help understand its evolution, incremental growth, super acceleration, and exponential explosion that has resulted in an innovation log jam. Secondly, it maps out common characteristics and approaches that make innovation, venture capital and investments into startups succeed much better. And, last, but not the least, it outlines measures to commercialize them in a massive way and "industrialize" innovation going forward including creating next generation 'Innovation Hubs'.

In the thirty years after the Civil War, the United States blew by Great Britain to become the greatest economic power in world history. That is a well-known period in history, when titans like Andrew Carnegie, John D. Rockefeller, and J.P. Morgan walked the earth. But as Charles R. Morris shows us, the platform for that spectacular growth spurt was built in the first half of the century. By the 1820s, America was already the world's most productive manufacturer, and the most intensely commercialized society in history. The War of 1812 jumpstarted the great New England cotton mills, the iron centers in Connecticut and Pennsylvania, and the forges around the Great Lakes. In the decade after the War, the Midwest was opened by entrepreneurs. In this beautifully illustrated book, Morris paints a vivid panorama of a new nation buzzing with the work of creation. He also points out the parallels and differences in the nineteenth century American/British standoff and that between China and America today.

In The Next Industrial Revolution, Vincent Petit builds on his earlier work, The Age of Fire Is Over (2021), where he explored how key transformations in consumption patterns impact our energy system in ways that have been seldom envisioned. He further develops this work here, and traces how these transformations apply to our modern industrial system, the bedrock of our global economic development and wealth creation.Petit argues that the world is on the cusp of the next centennial transformation of our industrial system, driven by major technological enhancements, considerable opportunities for productivity step changes, but also significant resiliency and environmental challenges.Through a deep and unique exploration of the innovation landscape and global context in each major sector of industry, the author sheds light on the key changes that will transform not only every sector of activity, but also the way they interact with one another to produce nothing short of a complete redesign of our industrial system.The way such transformation will unfold will, however, depend on the complex entanglement of technological progress, policy, business transformations and cultural evolutions. Through different scenarios, the author highlights some of the key decisions that need to be made today, in order to make the most of this opportunity.

World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

What does it take for a society to be able to innovate? The question is crucial today when an increasing share of world patents are taken out by countries such as Japan, South Korea and China, which have limited energy resources and cultures very different from those in the West. However, most previous studies of the beginnings of industrialization have focused on the resources and institutions of Britain alone. As a result, they have missed the lessons to be learned from casting the net more widely so as to examine all regions of the North-Atlantic community. This book pinpoints the surprising differences between innovating and non-innovating regions. Protection of property rights, a practical ideology and abundant resources were not sufficient to spark accelerated innovation. The key to the Industrial Revolution, this study shows through case studies and rigorous verification, was the effect of expanding social networks on people’s willingness to cooperate. Language standardization permitted the widening of circles of cooperation to encompass individuals with increasingly different sets of knowledge. The result was an unprecedented burst of what some linguists have called “double-scope blending” – the integration of hitherto unrelated concepts to create something new. These findings have important implications for corporate and government policy.

World Economic Forum Founder and Executive Chairman Klaus Schwab offers a practical companion and field guide to his previous book, The Fourth Industrial Revolution. Today, technology is changing everything--how we relate to one another, the way we work, how our economies and goverments function, and even what it means to be human. One need not look hard to see how the incredible advances in artificial intelligence, cryptocurrencies, biotechnologies, and the internet of things are transforming society in unprecedented ways. But the Fourth Industrial Revolution is just beginning, says Schwab. And at a time of such tremendous uncertainty and such rapid change, he argues it's our actions as individuals and leaders that will determine the trajectory our future will take. We all have a responsibility - as citizens, businesses, and institutions - to work with the current of progress, not against it, to build a future that is ethical, inclusive, sustainable and prosperous. Drawing on contributions from 200 top experts in fields ranging from machine learning to geoengineering to nanotechnology, to data ethics, Schwab equips readers with the practical tools to leverage the technologies of the future to leave the world better, safer, and more resilient than we found it.