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VENTURE CAPITAL IN INNOVATION

RISK FACTORS FOR INNOVATION

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Objective of The Session

is to provide colleague

with a set of techniques

to analyze risk for

innovation

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INTRODUCTION

ENTERPRISES

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WHY RISK?WHY VENTURE CAPITAL?

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Innovation Definition

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TECHNOLOGY

LEARNING

EDUCATIONAL TECHNOLOGY INNOVATION

CREATIVERELATIONSHIPS

-TEACHING TOOLS-TEACHING METHODS-BEYOND INSRUCTIONAL TECH.-SOCIAL TECH-ECONOMICAL TECH.

OUTCOME BASE EDUCATION

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TECHNOLOGY

LEARNING

EDUCATIONAL TECHNOLOGY INNOVATION

RISKS

CREATIVERELATIONSHIPS

-TEACHING TOOLS-TEACHING METHODS-BEYOND INSRUCTIONAL TECH.-AND SO ON

OUTCOME BASE EDUCATION

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CREATIVE RELATIONSHIPS

OR ARTICULATION

O.B.E

MAYMAY

DECLINE

PROMOTE

INNOVATIONRISK

Investigation&research

R&D after service &production

Middletest

Massproduction

Marketing&selling

Innovationidea

Innovation& profit

Market demand and social effect

level of science and technology

Newdemand

NewTechnology

MARKET MODEL FOR INNOVATION

USA INVESTIGATION

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RISK FACTORS IN CREATIVE FORMATION IDEA STAGE

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RISK FACTOR FOR INVESTIGATION AND EVALUATION STAGE

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RISK FACTORS FOR R&D STAGE

Insufficient R&D capability

Impossible technological problems

Unqualified samples

Too high R&D cost

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RISK FACTORS OF MIDDLE TEST OR PILOT STAGE

IMPLEMENTATION STAGE

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RISK FACTORS FOR IMPLEMENTATION STAGE

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Factors affecting diffusion

Innovation characteristics

Individual characteristics

Social network characteristics

Others…

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Rogers(1995)Diffusion of InnovationStages of adoption:

Awareness - the individual is exposed to the innovation but lacks complete information about it

Interest - the individual becomes interested in the new idea and seeks additional information about it

Evaluation - individual mentally applies the innovation to his present and anticipated future situation, and then decides whether or not to try it

Trial - the individual makes full use of the innovation

Adoption - the individual decides to continue the full use of the innovation

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Marketing and selling Risk Factors

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Risk factors After service and feedback

feedback from customers

Make preparation for further improvement

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innovation dies about four years from the time that interest in it was first generated

Glenn Latham (1988)

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Creativity can be defined as problem

identification and idea generation whilst

innovation can be defined as idea

selection, development and

commercialization

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EDUCATIONAL MODEL

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The ADDIE modelADDIE is a design

model used by many

instructional designers

as a guideline for

building effective

training to achieve a

desired performance.

ADDIE includes five

phases, which are

analysis, design,

development,

implementation, and

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My instructional model

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HOSSEINAGHILY@GMAIL.COM

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