Dubai PR Network, Online Press Release from Dubai and Middle East
 
Education, Universities & Training(Education & Training)
Filter PR by
  
‘Ecosystem' and Technology Innovations Needed for Sustainable Growth, Says Masdar Institute Faculty
 

Dr Bruce Ferguson Addresses Middle East's First-Ever TEDxWWF Conference in Abu Dhabi

Abu Dhabi-UAE: 30 May, 2013 – Success in meeting the challenges of economic development and environmental protection is greatly dependent on innovation, ‘ecosystem' innovation as well as technological innovation, according to Dr Bruce Ferguson, a Professor in Engineering Systems and Management program and Director of the Center for Innovation Systems and Entrepreneurship (CISE) at Masdar Institute of Science and Technology.

Dr Ferguson addressed more than 250 participants, as well as a large on-line audience, at the Middle East's first-ever TEDxWWF conference that was organized on 21 May by the World Wildlife Fund (WWF) and Emirates Wildlife Society (EWS-WWF) in Abu Dhabi. Several students from Masdar Institute and youth from the wider community attended the non-profit event, themed ‘One Planet Living.' This was the third annual conference in the TEDxWWF series, which is designed to encourage the exchange of innovative and sustainable ideas in the global community.

Dr Ferguson said: “Unless we innovate, in the long run everything we care about will disappear, even the modern world around us. To protect the environment for the future, we must innovate today.  But, innovation is messy, inefficient and unpredictable. So, we need to be careful about imposing constraints on innovation because good ideas need shelter in their early stages.

“In addition, more than technological innovation is needed. One billion people need to be supplied electricity, and the solutions primarily require political and social innovation. We need to find new ways to secure food, water and energy for people around the world, while protecting other living things as much as possible.”

Dr. Ferguson pointed out that the laws and regulations, guidelines and permits, review boards and best practices that make the world cleaner, safer and more predictable, often have the unintended consequence of slowing down necessary change. He emphasized that the ‘innovation ecosystem' of rules and stakeholders needs to be adjusted to help speed innovation in government and all sectors of the economy. Citing the example of the US, where many laws are waived for small companies, he called for the creation of new “innovation safe harbors” around the world in which many laws and regulations would be waived for innovative enterprises.

Dr. Ferguson noted that the need for innovation is urgent and added: “There is a balance to be struck between preserving what we have today and ensuring a better tomorrow. Let's improve our innovation ecosystem in order to innovate faster and increase the sustainability of all the things we care about. Let us innovate in a respectful manner, with careful attention to preserving that which makes life worth living, but let us innovate, and quickly. For, if we don't build a better future, then we may regret the past.”

At Masdar Institute, Dr Ferguson dedicates his research and teaching in the fields of entrepreneurship, technology management and the ‘innovation ecosystem'.

Dr Ferguson is the co-founder and former COO of Orbital Sciences Corporation, an industry leader in small- and medium-class space and rocket systems, and a co-founder and former CEO of Edenspace Systems Corporation, a crop technology company. He was an attorney in the corporate and securities department of the Chicago law firm of Kirkland & Ellis.

In addition, Dr. Ferguson is a Trustee of the Carnegie Institution of Washington and a former Fellow at the George Washington University Center for International Science and Technology Policy. He received his Juris Doctor, Master of Business Administration, Master of Education, and Bachelor of Arts degrees from Harvard University.

Serving as a key pillar of innovation and human capital, Masdar Institute remains fundamental to Masdar's core objectives of developing Abu Dhabi's knowledge economy and finding solutions to humanity's toughest challenges such as climate change.

Established as an on-going collaboration with the Massachusetts Institute of Technology (MIT), Masdar Institute integrates theory and practice to incubate a culture of innovation and entrepreneurship, working to develop the critical thinkers and leaders of tomorrow.  With its world-class faculty and top-tier students, the Institute is committed to finding solutions to the challenges of clean energy and climate change through education and research.


Posted by : Dubai PR Network Editorial Team
Viewed 17141 times
PR Category : Education & Training
Posted on : Thursday, May 30, 2013  1:46:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Boy Scouts of America Creating Eco Change in the UAE
Next Story : Middle East's First ISO Certified Nursery Chain Opens Doors ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
HONOR MagicBook Series is Perfect for Fashion Forward, Design Conscious Individuals Across... [4670-Views]
Vatika Launches Natural Hair Food, an Effective Solution for Dry Hair [3268-Views]
Omega Announces Its Role as the Official Timekeeper of the 36th America's Cup [3173-Views]
Foreo Reveals 5 Ways to De-Stress Your Skin [3165-Views]
DTTAG New Executive Committee to Manage Post Covid 19 Return to Normalcy of Travel [3091-Views]
The Best Omega Sunglasses For a Long-Awaited Summer [2899-Views]
Emirates Post Unveils Modern New Website and Look [2677-Views]
Ethical JLT Salon THT is Supporting those whose Jobs have been affected during COVID-19 w... [2640-Views]
Urgent Implementation of ICAO COVID-19 Guidelines Needed [2628-Views]
FEM Collaborates with Arab Comedian Maya Acra to Address the Taboo Around the Topic of Hai... [2526-Views]
Sony Middle East & Africa Introduces New Digital Camera ZV-1, designed for Vlogging in the... [2472-Views]
Karl Lagereld Drives Digital Innovation With Launch of the “Maison Karl Lagerfeld” Game. [2448-Views]
Innovating to Fight COVID-19: Four Ways Drones are Contributing [2398-Views]
Blue Ocean for Islamic Finance Industry [2394-Views]
Commodity Weekly: Crude Oil Frets Geopolitics, Sluggish Demand Bounce [2259-Views]
Ericsson's USA 5G Factory: Staffed by Professionals – Trained by VR [2165-Views]
Airline Debt to Balloon by 28% [2116-Views]
The Ultimate At-Home Facial [2066-Views]
Twentieth “World Milk Day” Sees NFPC Innovate With New Products That Meet Changing Consume... [1960-Views]
Parmigiani Fleurier Toric Fleur [1960-Views]
Al Tayer Motors and Premier Motors Honour UAE's COVID-19 Frontline Heroes [1960-Views]
80th Anniversary of Maserati's Targa Florio Victory Maserati Tests an Mc20 Prototype on th... [1935-Views]
Sony Middle East and Africa and Gearbox team up to offer rental services of latest digital... [1915-Views]
WTTC Launches Safe Travels Protocols for Aviation, Airports, MICE and Tour Operators [1902-Views]
Tips for Keeping Your Smartphone Clean [1870-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories