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Successfully Bridging Innovation and Application: Exploring the Utility of a Risk Innovation Approach in the NSF

Andrew D Maynard1, Kenneth A Oye2, Marissa Scragg1

  • 1ARIZONA STATE UNIVERSITY, TEMPE, ARIZONA, USA.

The Journal of Law, Medicine & Ethics : a Journal of the American Society of Law, Medicine & Ethics
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PubMed
Summary

This study piloted a novel Risk Innovation approach for developing advanced biopreservation technologies. The method helps multiple organizations identify value and threats in emerging technology development.

Keywords:
BiopreservationDecision MakingEmerging TechnologyEthicsRiskRisk Innovation

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Area of Science:

  • Biotechnology
  • Innovation Management
  • Risk Assessment

Background:

  • Advanced biopreservation technologies are crucial for various scientific and medical applications.
  • Developing emerging technologies presents unique challenges and opportunities.
  • Existing risk management frameworks may not adequately address multi-entity innovation ecosystems.

Purpose of the Study:

  • To pilot the application of the Risk Innovation approach in the context of advanced biopreservation technology development.
  • To explore the utility of this approach in supporting societally beneficial technological advancement.
  • To adapt and test a framework previously used for single organizations across multiple collaborating entities.

Main Methods:

  • An exploratory study design was employed.
  • The Risk Innovation approach was piloted with multiple entities involved in biopreservation technology development.
  • Data collection likely involved qualitative methods to understand value and threat perceptions.

Main Results:

  • The study demonstrated the feasibility of applying the Risk Innovation approach to a multi-entity innovation setting.
  • Initial insights into specific values and threats related to advanced biopreservation technologies were identified.
  • The approach facilitated a shared understanding of risks and opportunities among participating organizations.

Conclusions:

  • The Risk Innovation approach shows promise for guiding the development of advanced biopreservation technologies.
  • This methodology can be effectively extended beyond single-organization use to collaborative innovation ecosystems.
  • Further research is warranted to refine and validate this approach for broader technological development.