Innovation
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About the talk:

Despite a short history of economic development, Korea has produced a number of leading products; the Korean economy's success is based on the technological and innovative capabilities it has accumulated over several decades.

However, a major structural weakness is the concentration of its economic power in the capital city of Seoul and its outskirts, where most industrial firms are located. In addition, eastern Korea is more industrialized than the west. This technological and innovative imbalance will lead to a gloomy outlook for the Korean economy.

Having recognized this problem, over the past decade the central and regional governments have been making great efforts to enhance regional economic and innovative potential development. Daeduck Science Town, in the center of the Korean peninsula, along with a number of technoparks are evidence of these development strategies.

Dr. Chung will present and discuss the history and characteristics of Korean regional innovation strategies for this seminar.

About the speaker:

Dr. Chung received the Ph.D from the University of Stuttgart in Germany. He worked at the Fraunhofer-Institute for Systems and Innovation Research (FhG-ISI) in Karlsruhe, Germany.  He has been a senior researcher at the Science and Technology Policy Institute (STEPI), under Korea's Ministry of Science and Technology (MOST).

In 2004, on the basis of his research work, Dr. Chung was selected as the youngest lifetime fellow of the Korean Academy of Science and Technology (KAST) (Korea's equivalent of the National Academy of Sciences). Since March 1, 2008, he has worked as Director of KAST's Policy Research Center.

In 2008 he established the William F. Miller School of MOT (Management of Technology) at Seoul's Konkuk University. Dr. Chung currently serves as Dean of the Miller MOT School.

Philippines Conference Room

Sunyang Chung Dean Speaker Miller School of MOT, Konkuk University
Seminars

China 2.0 at Stanford University, May 24-25, 2010

This two-day forum looks at the rise of China as a digital superpower.

May 2010 marks 15 years of China's first connection to the public Internet and 15 years of digital mobile communications. Home to 400 million online and 750 million mobile consumers, China is giving birth to innovative start-ups and established multi-billion dollar enterprises in social networking, games, video, music and e-commerce.

Companies thriving in China will increasingly shape the global digital economy, either by their sheer scale at home or through investments and mergers and acquisitions in the United States and other developed economies.

Join this invitation-only forum to meet with industry leaders from China and overseas to assess the likely future shape and implications of China's rise for consumers, industry players, investors, researchers and policy makers.

Conference Video Overviews 

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China 2.0 Introduction

Video: Tencent, Taobao and Baidu 

Enabling China's Mobile Market 

Chinese Digital Music Scene 

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TV & Online Video 

e-Commerce 

Online Games 

 
  MONDAY, MAY 24, 2010
8:30 - 9:00 Registration and Light Breakfast
9:00 - 9:15 Session 1--Welcome Remarks and Introductory Presentation
  Marguerite Gong Hancock, Forum Co-Chair/Associate Director, SPRIE, Stanford University
  Duncan Clark, Forum Co-Chair/Chairman, BDA China; Visiting Scholar, SPRIE, Stanford University
9:15 - 10:00 Session 2--Case Studies of China 2.0 Leaders: Tencent, Taobao & Baidu
  Duncan Clark & Liu Ning, BDA China Presentation
  Moderator: Gady Epstein, Beijing Bureau Chief, Forbes
10:00 - 10:45 Special Session--Reporting China 2.0
  Loretta Chao, Reporter, Beijing Bureau, The Wall Street Journal
  Gady Epstein, Beijing Bureau Chief, Forbes
  Moderator: Daniel Sneider, Associate Director for Research, Shorenstein Asia-Pacific Research Center, Stanford University
11:00 - 12:15 Session 3--Enabling China 2.0: Infrastructure, Devices and Access
  Håkan Eriksson, CTO, Ericsson presentation
  Stanley Chia, Senior Technology Consultant, Vodafone Group R&D
  Moderator: Duncan Clark, Forum Co-Chair/Chairman, BDA China; Visiting Scholar, SPRIE, Stanford University
12.15 - 1.15 Lunch
1.15 - 2.15 Session 4--Digital Music in China
  Gary Chen, CEO, Top100.cn presentation
  Eric Priest, Assistant Professor, University of Oregon presentation
  Moderator: Loretta Chao, Reporter, Beijing Bureau, The Wall Street Journal
2.15 - 3.45 Session 5--China's Future TV Landscape
  Graham Kill, CEO, Irdeto presentation
  Caroline Pan, Director-China Strategy Office, Intel presentation
  David Strehlow, Director of Marketing, Media Solutions, Huawei
  Moderator: Andrew Lih, Associate Professor, USC Annenberg School of Communication and Journalism
3.45 - 4.00 Break
4.00 - 5.30 Session 6--e-Commerce in China
  James Jianzhang Liang, Co-Founder and Chairman, Ctrip
  Alan Tien, General Manager, PayPal Beibao China
  Fritz Demopoulos, CEO, Qunar.com
  Moderator: Mei Fong, Wall Street Journal Correspondent & Visiting Professor, USC Annenberg School of Communication & Journalism
5.30 - 6.30 Networking Reception
  TUESDAY, MAY 25, 2010
8:30 - 9:00 Registration and Light Breakfast
9.00 - 10.30 Session 7--Online & Mobile Games
  Jason Wang, Partner, Cypress River Advisors, LLC
  Ben Sternberg, Executive Director, Raine Group
  Lisa Cosmas Hanson, Managing Partner & Founder, Niko Partners
  Liu Ning, Principal Analyst - New Media, BDA China
  Moderator: Loretta Chao, Reporter, Beijing Bureau, The Wall Street Journal
10.45 - 12.15 Session 8--Financing China 2.0: VC & IPO Outlook
  York Chen, Founding Managing Partner, iDTechVentures presentation
  Olivier Glauser, Managing Director, Steamboat Ventures presentation
  Richard Hsu, Managing Director, Intel Capital China presentation
  David Lam, Managing Director, WI Harper Group presentation
  Moderator: Martin Haemmig, Senior Advisor on Venture Capital, Stanford Program on Regions of Innovation and Entrepreneurship
12.15 - 1.15 Lunch
1.15-2:45 Session 9--How Can Global Firms Thrive In & With China
  Alan Tien, General Manager, PayPal Bei Bao China
  Graham Kill, CEO, Irdeto
  Carter Agar, Former VP, GM, Walt Disney Internet Group (China), VP, Altius Education
  Jason Wang, Partner, Cypress River Advisors, LLC
  Moderator: Gady Epstein, Beijing Bureau Chief, Forbes
3:00 - 4:30 Session 10--China 2.0 Firms: The Talent Dimension
  Mark Baldwin, CEO, Oxus and Founder, Zhaopin.com
  Kelly Sang, former General Manager, Alibaba.com Americas
  David Strehlow, Director of Marketing, Media Solutions, Huawei
  Moderator: Kyung H. Yoon, CEO, Talent Age Associates LLC
4:30 - 4:45 Wrap-up

Audience 

Media & tech executives, entrepreneurs, academics and researchers, venture capitalists/private equity investors, policymakers.

Format 

  • Presentations by the on-the-ground pioneers of China 2.0 
  • Roundtable discussions on key issues and emerging trends
  • Premiere of "vox pop" video interviews of Chinese Internet users filmed in Beijing, Chengdu, Nanjing, Wuhan, Xiamen and Xi'an
  • Conference highlights to be available online (subject to speaker approval)
  • Interactive event, including a mobile application custom-made for participants

Participation and Pricing

Participation is by invitation-only. For more information, please contact SPRIE by email at sprie-stanford@stanford.edu.

The USD $50 fee covers conference sessions and materials, continental breakfast, lunch, and refreshments. A limited number of free spaces are available for current Stanford faculty, students and staff.

Agenda (subject to change)

Map and parking:

The conference is being held in the Bechtel Conference Center, located at 616 Serra Street on the first floor of Encina Hall. Free event parking is available at the Galvez Field Event Parking Lot, located at Galvez and Campus Drive East. It is less than .5 mile from the parking lot to the event. If you park at a meter, be aware that parking is $1.50/hour and is monitored from 8:00 a.m. to 4:00 p.m.

China 2.0 Sponsors

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Bechtel Conference Center

Workshops
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Few topics provoke more heated debate than globalization. Globalization is considered essential for companies that want to survive in today's economy, but it is also blamed for job losses and the economic decline of the United States. Executives say they hire from abroad because of deficiencies in the U.S. workforce and skills shortages, while worker advocacy groups say it is all about cheap labor.

Wadhwa will discuss how the contentious public debates on globalization and outsourcing commonly use data that isn't grounded in reality. He will show why globalization and outsourcing are the new reality and how this trend will continue to build even more momentum. Finally, Wadhwa will provide concrete advice and ideas on how the United States can regain its edge in the global economy by understanding the new reality and focusing on its strengths such as entrepreneurship and innovation. By effectively harnessing its highly educated and skilled workforce, and balancing immigrant intellectual capital, the United States can continue to be the winner rather than the victim of globalization.

Vivek Wadhwa, currently a visiting scholar at UC-Berkeley, is a senior research associate with the Labor and Worklife Program at Harvard Law School and an executive in residence/adjunct professor at the Pratt School of Engineering at Duke University. He helps students prepare for the real world, lectures in class and leads groundbreaking research projects. He advises several start-up companies, writes a column for BusinessWeek.com and contributes to several international publications. Since joining Duke in 2005, he has researched globalization, its impact on the engineering profession and the sources of the United States' competitive advantage. Mr. Wadhwa holds an MBA from New York University and a BA in Computing Studies from the Canberra University in Australia.

Philippines Conference Room

Vivek Wadhwa Senior Research Associate Speaker Labor and Worklife Program, Harvard Law School
Seminars
News Type
News
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Peter Semmelhack, founder of BugLabs, spoke about his company's goal to make hardware as malleable as software, freeing people to create the devices that meet their needs and improve quality of life.

While the Open Source movement has enabled rapid progress in the field of software in recent years, hardware innovation lags behind. The way that hardware products come to market is time consuming and expensive for all.  A number of factors mean that only big multinational players tend to be able to survive in this space:

  • Research and development and distribution of mass market products is an extremely expensive process
  • The upfront investment required to develop a new product is very high: typically it takes one year and a million dollars to produce just one prototype
  • To get a high enough price point you have to produce at a very large scale
  • Average returns tend to diminish significantly after about two years

However, there are big opportunities outside of mass market products, Peter argues. In the areas of healthcare and energy management, for example, there are niche markets for products with very specific uses. If an efficient platform could be used to develop these niche products, there are potentially as many gains in the ‘long tail' of the electronics market as in the mass market products such as DVD players and mobile phones.

Bug Labs provides an open source, modular system for hardware that enables businesses and individuals to innovate in a way that is affordable. Bugmodules, which include GPS, 3G, speakers and motion sensors, are designed to be clicked together to build new products with unique combinations of functionality. This approach frees individuals to start creating the specific gadgets they need in a low cost, efficient way.  Users can then add to their device any number of online applications created and shared by the BUG Community.

The BUG system can also be used to create products with specific social uses. For example, BUG4good is a handheld device designed to enable human rights workers to capture material (video, photograph etc) in such a way that it can be used as official evidence in the courts in Geneva. With total demand of just a few hundred units, this is not a market a large technology company would be likely to serve.

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