Formation of startups and new companies
Commercial exploitation of science, technology, and novelty
System of laws, regulations, strategies, and funding priorities
Discovery and creation of new knowledge of the natural world
Technological Advancements in the world.
Efforts to build innovation systems are too government-centric and tend to ignore a key ingredient — the private sector, says Athar Osama.
Recent years have seen a number of Islamic countries embarking on efforts to create and strengthen innovation ‘ecosystems’. But their delivery record has been mixed.
A couple of years ago, Malaysia created Agensi Inovasi Malaysia (AIM), under the Prime Minister’s office, to bridge the gaps in its innovation system. And plans are afoot in the United Arab Emirates to create an innovation agency to supplement or replace its Technology Development Committee (TDC). While in Pakistan, efforts to create the Pakistan Innovation Initiative (PII) have run into serious difficulties.
These initiatives attempt to address flaws that include the decades-long focus on science at the expense of innovation or commercialisation, and a tendency to overlook informal innovative activity, among others.
But the most important failing of the traditional approach to innovation systems in the Islamic world has been its inability to bring the private sector on board.
With the exception of Malaysia and Turkey, private sector participation in science and innovation is sub-optimal or virtually non-existent. Private-sector research and development (R&D) laboratories, which were established as an organisational form in the West in early 20th century, do not exist in most of the Islamic world.
What’s the problem?
Many recent efforts to create innovation systems in the Islamic world appear too government-centric to allow the private sector to get significantly involved. In addition, the centralised and top-down paradigm of development planning that operates in many developing countries leaves little room for initiative and genuine dialogue between stakeholders.
In the absence of dialogue, the private sector is forced into a corner, unable to contribute as a true partner for development.