Linking Basic Research and Innovation – Valutrics
When it comes to funding and resourcing innovation, it is crucial to identify the importance of various phases of innovation. For instance, pure research can often feel a million miles from anything fit for release onto the market, but is nonetheless a crucial part of the pipeline that underpins those innovations that are nearer to the market end of things.
With a lot of public money going into such pure research having strong ROI metrics attached to it, being able to see the value in work at such an early stage of the innovation process is key.
A recent study set out to do just that and find a clear connection between pure scientific research and patentable inventions. The research looked at any connections that exist between every single patent issued between 1976 and 2015 These provide an important initial distinction, because patents are usually filed The authors then used an algorithm to determine the shortest distance between two items based upon the number of citations received.
Intriguingly, they found a clear and constant flow between pure science and practical innovations. Whilst there are, of course, some papers that are rarely cited What’s more, with the majority of patents and papers are at a distance of 2-4 items from other domains, regardless of the discipline, suggesting a high degree of recombination. Equally, the innovations (patents) with the highest commercial impact, also had the highest amount of science behind them.
“Overall, our findings suggest that basic research matters. Scientific advances are not like the proverbial tree falling in the forest with no one around to hear. Rather, looking across the corpus of science, we find widespread connections to future patents – especially to the most valuable patents,” the authors say.
So, whilst pure scientific research can feel very abstract and a million miles away from anything practical, the paper finds instead that the vast majority of practical, usable advances entering the market have a lot to thank those pure researchers for, even if the connections between them are indirect.
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Adi Gaskell tells us: “I am a free range human who believes that the future already exists if we know where to look. From the bustling Knowledge Quarter in London, it is my mission in life to hunt down those things and bring them to a wider audience, with my posts here focusing particularly on the latest research on innovation and change.” Follow Adi @adigaskell