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Beyond Silicon Ambitions: Robyn Klingler-Vidra Keynote on Aug 29 2019 at the Hanoi Innovation Summit

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Beyond Silicon Ambitions: Robyn Klingler-Vidra Keynote on Aug 29 2019 at the Hanoi Innovation Summit

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Should Southeast Asia copy the Silicon Valley model?

I gave an opening keynote at the Hanoi Innovation Summit (#HISVN19) in August 2019. Making three points to answer the question:

1) There's a "stateless myth of Silicon Valley". The government played a key role in Silicon Valley, and needs to in #ASEAN, too

2) Silicon Valley can't be copied. It has its own unique history and competitive edge.

Besides, maybe we shouldn't aspire to copy its inequality and exclusionary tendencies. #ASEAN #policymakers should strive for a model that thrives on #diversity and #inclusion

3) Governments should be empowered to take an entrepreneurial developmental state approach. Policy that is "contextually rational" performs best, rather than policy that imitates what has been done elsewhere. Promote local #innovation context, beyond "silicon ambitions".

Should Southeast Asia copy the Silicon Valley model?

I gave an opening keynote at the Hanoi Innovation Summit (#HISVN19) in August 2019. Making three points to answer the question:

1) There's a "stateless myth of Silicon Valley". The government played a key role in Silicon Valley, and needs to in #ASEAN, too

2) Silicon Valley can't be copied. It has its own unique history and competitive edge.

Besides, maybe we shouldn't aspire to copy its inequality and exclusionary tendencies. #ASEAN #policymakers should strive for a model that thrives on #diversity and #inclusion

3) Governments should be empowered to take an entrepreneurial developmental state approach. Policy that is "contextually rational" performs best, rather than policy that imitates what has been done elsewhere. Promote local #innovation context, beyond "silicon ambitions".

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Beyond Silicon Ambitions: Robyn Klingler-Vidra Keynote on Aug 29 2019 at the Hanoi Innovation Summit

  1. 1. Dr. Robyn Klingler-Vidra Senior Lecturer in Political Economy King’s College London Beyond Silicon Ambitions Hanoi Innovation Summit 29 August 2019
  2. 2. 1) The stateless Silicon Valley myth 2) Silicon Valley can’t – and shouldn’t – be copied 3) Context-relevant policy Agenda
  3. 3. 1) Stateless Myth of Silicon Valley
  4. 4. Reality: Government key protagonist
  5. 5. Global rise of venture capital states
  6. 6. 2) Silicon Valley can’t be copied
  7. 7. In some ways, it shouldn’t be copied
  8. 8. We should go beyond the aim of putting a ‘man on the moon’
  9. 9. Embrace the multiple benefits of greater inclusion Cognitive Social
  10. 10. 3) Context relevant policy works
  11. 11. Policy designed for the local context Funding Taxation Regulation Clusters, Networks and Institutes Attracting Talent and Investment Technology Infrastructure and Gov’t Procurement Stock Market Access Education and Training
  12. 12. Innovation to improve productivity, improve livelihoods
  13. 13. Singapore’s Block 71: partnership to solve a local challenge
  14. 14. Build on local success
  15. 15. And leverage local advantages
  16. 16. Key takeaways • Innovation is a new product or process that advances productivity, not only high- technology (i.e. silicon) • Design innovation policy for the local context, and, • Aim to boost innovation that comes from, and is applied by, wider society.

Notes de l'éditeur

  • LP structure and ERISA Reinterpretation: Clarification of the ERISA Prudent Man rule in 1979, which allowed pension funds to invest in alternative asset classes


    Tax efficiency: carried interest is taxed at Capital Gains Tax, which was rate lowered in 1979

    Money:
    Financing programs (i.e. SBIR and SBIC) which invested and loaned to venture capital funds and start-ups, launched in 1958.

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