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Supporting risky innovations (Weekly Reads – 23 July)

Posted on July 24, 2021July 26, 2021

“Baby, you can drive my car”: Psychological antecedents that drive consumers’ adoption of AI-powered autonomous vehicles – straightforward study on psychological factors related to potential adoption of autonomous vehicles. They looked at the following factors: effort expectancy, social recognition, hedonism, technology security and privacy concerns.

How Catastrophic Innovation Failure Affects Organizational and Industry Legitimacy: The 2014 Virgin Galactic Test Flight Crash – rich case study relating failure to firm and industry legitimacy. The figure 1 in their article shows an intricate process model of how failures are interpreted to challenge or uphold firm legitimacy.

The rise of ‘ARPA-everything’ and what it means for science – DARPA has always been discussed in the history of innovation as they have been responsible for many advances such as GPS, weather satellites and computing. It functions differently as mentioned in the article:

Its roughly 100 programme managers, borrowed for stints of 3–5 years from academia or industry, have broad latitude in what they fund, and actively engage with their teams, enforcing aggressive deadlines and monitoring progress along the way. By comparison, projects funded by agencies such as the US National Institutes of Health (NIH) typically see little engagement between programme managers and the researchers they fund, beyond annual progress reports

Funding Risky Research – explores the challenges that various actors face in getting risky research funded.

  • Research agencies – lack of portfolio approach, interdisciplinary bias, review protocols concealing uncertainty, emphasis on reviewers’ agreement
  • Panelists – “insurance agent” view, bibliometric screening, risk-biased reviewers
  • PIs – risk and loss aversion,

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I am Angelo, a postdoctoral researcher in innovation management at ESADE Business School. I am also the director of research at Embiggen Group. In this blog, I share my learning adventures.

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