Vannevar Bush Lecture Series on Science and Technology Innovation: Fiona Murray & Phil Budden
Thursday, April 12, 2018 at 6:00pm to 7:00pm
Building E51, 376
70 MEMORIAL DR, Cambridge, MA 02142
This lecture series, which includes eminent researchers and innovators from a wide variety of fields across MIT, will showcase the numerous forms that innovation takes and the pathways it can take from ideation to implementation.
About the Speakers
Fiona Murray is the Associate Dean of Innovation at the MIT Sloan School of Management, William Porter (1967) Professor of Entrepreneurship, and an associate of the National Bureau of Economic Research. She is also the co-director of MIT’s Innovation Initiative. She serves on the British Prime Minister’s Council on Science and Technology and has been awarded a CBE for her services to innovation and entrepreneurship in the UK.
Murray is an international expert on the transformation of investments in scientific and technical innovation into innovation-based entrepreneurship that drives jobs, wealth creation, and regional prosperity. She has a special interest in the commercialization of science from idea to impact and the mechanisms that can be effectively used to link universities with entrepreneurs, large corporations, and philanthropists in that process.
Through her leadership role in the MIT Regional Entrepreneurship Acceleration Program, Murray engages many global regions in designing and evaluating the policies and programs that shape vibrant innovation ecosystems: prizes competitions, accelerators, and proof of concept funding programs. She is particularly interested in new organizational arrangements for the effective commercialization of science, including public-private partnerships and patient capital/venture philanthropy.
She brings her deep appreciation of R&D to an understanding of global innovation economy and to the ways in which the next generation of global innovators should be educated. She teaches IDEA Week (Innovation-driven Entrepreneurial Advantage) to the MIT Sloan Executive MBAs and recently started the REAL course – Regional Entrepreneurial Acceleration Lab – which gives students practical and academic insights into the design and development of innovation ecosystems around the world.
Phil Budden is a Senior Lecturer at MIT's Management School, in Sloan's TIES (Technological Innovation, Entrepreneurship and Strategic-management) Group, where he focuses on 'innovation-driven entrepreneurship' (IDE) and innovation ecosystems. He co-teaches in the successful 'Regional Entrepreneurship Acceleration Program' (REAP), an ExecEd program for regional teams from around the globe interested in accelerating 'innovation-driven entrepreneurship'; in the related 15.364 class, known as the 'Regional Entrepreneurship Acceleration Lab' (REAL), aimed at MBAs and Sloan Fellows; and on similar topics in a variety of degree and ExecEd settings.
Phil's approach combines academic, historical and real-world perspectives on how different stakeholders - including Entrepreneurs, Universities and 'Risk Capital' providers, alongside Corporate enterprises and Government policymakers - can all contribute to building successful innovation ecosystems. Phil is currently on leave from the British Government, and joins MIT having worked recently in Boston's private sector for the Royal Bank of Scotland's US subsidiary, Citizens Bank, where he focused on financing transatlantic (especially British-American) trade and investment. His background as a diplomat makes him well-suited to the 'global innovation' of REAP/REAL, the interplay among the REAP teams, and the negotiations within the 'innovation ecosystems' (especially between Corporate and Government stakeholders).
In the fall of 2012, while a Visiting Scholar at MIT, Phil had undertaken a project on innovation and entrepreneurship for the British Prime Minister's office at No 10 (and UK Trade and Investment) to inform the UK's Entrepreneurs Campaign. From 2007 until 2012, he had served as the British Consul General to New England, in which role he had been responsible for transatlantic business issues, including trade and investment, corporate/government affairs, as well as science and innovation, leading him to an abiding interest in entrepreneurship. In that time, he also moved the British Consulate to One Broadway (aka e70) to be closer to MIT, Sloan and Kendall Square.