Our Mission

Deriving and sharing insights about how knowledge and ideas are generated, shared, and transformed into Wealth or waste in a competitive market. It includes knowing and sharing how inventions and innovations form and evolve, and their epicenters migrate across the boundaries of firms and nations. Despite our common belief, there is no natural correlation between education, research, publications, patents, and wealth creation. Knowing why and how to make it stronger is a core element of our mission.

Technology progression transforms society, enabling us to get our job done better at less cost.  This is the underpinning of continued prosperity. But such a transformation is often mired of uncertainty and painful change, and it also poses a threat to growing inequality and insecurity.  Such a reality demands the necessity of shaping the transformation for maximizing the gain for both consumers and producers alike, lowering the risk for entrepreneurs, increasing predictability, creating better jobs, and enhancing net benefits for society. Most importantly, we would like to figure out the opportunity for developing countries to add value to the technology-led transformation of the global society through ideas. We want to empower them to succeed to trade such ideas in the competitive market, consequentially leading to opening the endless frontier of growth through ideas. Consequentially, they will avoid growth barrier due to relying on only labor, raw materials, and capital. 

The breath, depth, and direction of transformation are influenced by policies, rational decision-making in the midst of uncertainties, the ability in dealing with risks, and also culture. Moreover, there is no natural correlation between well-accepted indicators like R&D investments, publications, patents, STEM graduates, creativity, and profitable exploitation of intellectual assets. Although technology Innovation driving the transformation is perceived as a random phenomenon, often termed as the magical acts of creative genius, there appear to be certain reoccurring patterns. Detection of these patterns helps us interpret the past, comprehend the present, and predict the likely future along with better clarity about relations among underlying factors. 

The WAVES is part of a broad mission of studying the pattern in the underlying dynamics of technology innovation and its implication on economic growth and society, sharing the learning through publication and education, and advising stakeholders on innovation strategy, policy, and regulatory issues.  

The mission of The WAVES has been to provide an in-depth analysis of the past and present dynamics of technology innovation to develop the foundation for predicting the unfolding future, so that we can respond appropriately to cope with as well as leverage unfolding opportunities and challenges–for making the technology-led transformation of society more predictable and less painful, and offering more secured, inclusive and equitable sustainable growth opportunities for all.