What social innovation and development can do for a university
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Date
2020
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
José Frantz
Abstract
Invention and innovation are two different concepts. In thecase of an invention, an investment of resources financial or
otherwise is made, with the outcome being new knowledge.
Innovation, on the other hand, is the outcome of utilising the
new knowledge that is the outcome of the invention process to
address a market or societal need and thereby results in value
creation, which may be monetary or other. As articulated in the
Organisation for Economic Co-operation and Development
(OECD) Report 2010, “Innovation is about creating value from
knowledge ... Knowledge is the key input to innovation.”
Description
Keywords
University of the Western Cape (UWC), Invention, Innovation, Social innovation, Wi-Fi connections
Citation
Subethra, P. (2020). What social innovation and development can do for a university. Signals, (1)