Transformative Innovation Policy and the 5th Industrial Revolution

Prof. Erika Kraemer-Mbula,UJ

Dr Chux Daniels, SPRU

Mr Imraan Patel, DST

Dr Fisseha Mekuria, CSIR

Ms Nelson Mariam, DTPS

Dr Temba Masilela, HSRC

Mr Ronnie Seeber, ICASA

Transformative Innovation Policy for the 4th Industrial Revolution in Emerging Economies

Re-thinking innovation policy is timely. Many research councils, governments and international organisations world-wide want innovation to address a number of societal or grand challenges. Another indicator is the growing impact in the notion of Multidisciplinary STI research frameworks in relation to responsible research and innovation (RRI). Yet how to design, implement and govern challenge-led innovation policies is far from clear. Many innovation policies are based on the 20th century supply-driven innovation model, which takes competition between nations and support for STI R&D as the main entry point for policy making without thinking more creatively about the broader suite of innovation policies that are available. With the desire and commitment to co-create the next generation of STI theory, policy and practice, this session brings together stakeholders from technology research, industry, policy and their constituencies. The expectation is that emerging technologies such as 5G and industry 4.0 require transformative change, interplay and combining previous framings of innovation policy to provide alternative policy mixes and initiatives, which place socio-technical change, human development, welfare and environmental advancements at the fore.
The panel discussion in this session will seek to add new layers of knowledge to the emerging theory of Transformative Innovation Policy (TIP) frameworks with respect to science and technology lead industrialization and its impact on the new 4th industrialization wave for economic development. The session will build on other existing initiatives on the African continent and beyond, such as the 5G Research Alliance for South Africa, Transformative Innovation Policy Consortium (TIPC), Global Research Council, and the Science Granting Council Initiative (SGCI) in Sub-Saharan Africa; which is aimed at strengthening the capacities of nations in research and evidence-based policies that will contribute to economic and social development.