Top R&D Leaders to Gather in China for IRI Forum

Top R&D Leaders to Gather in China for IRI Forum

Industrial Research Institute's China Forum Gives R&D Technology Executives Worldwide a Unique Opportunity to Exchange Information and Share Best Practices

ARLINGTON, Va. – (August 21, 2008) – The Industrial Research Institute's 8th Annual China Forum is set to kick off August 25 in Shanghai. During the three-day event, research and technology executives, both those in China and expanding operations to China, will come together to exchange experiences and gain insight on how to sustain operational effectiveness and competitiveness in response to China's Indigenous Innovation Policy.

Forum sessions will be led by expert practitioners and leaders of R&D activities in China. The primary focus will be on China's recently mandated Indigenous Innovation Policy, with session topics ranging from intellectual property to human resource challenges, such as recruitment, retention and cultural issues.

"China's economic growth is continually on the rise as they move from a sustained growth model to a sustainable growth model – which is what we're seeing with the Indigenous Innovation Policy," said IRI President Ed Bernstein. "This isn't a new policy direction, but its unknown path and its effects on R&D, human resources and intellectual property issues is something IRI and its members absolutely need to be involved in."

China recently introduced several national policy initiatives aimed at increasing indigenous innovation. Their research spending has focused on secondary research and on existing products, rather than fundamental innovation. These initiatives seek to take better advantage of their rapidly expanding pool of science and engineering graduates.

"As China's technological advances and economic growth converge, this policy will cause companies doing business in China to rethink their R&D strategies," added Bernstein.

During the Forum, IRI will introduce for the first time in China its signature Research-on-Research (ROR) Working Groups. ROR serves as IRI's "laboratory" for innovation management, where different groups examine various hot topics of the research process and recommend improved techniques and methods to increase the effectiveness of the R&D process. ROR findings have resulted in state-of-the-art advances in R&D technology management, such as sustainability in research & development, intellectual property in open innovation and managing technology transfer.

"We are thrilled to introduce ROR to China," said ROR Chairman Raymond Cosner of The Boeing Company. "This has been an extremely successful program for IRI – one that's been in place since 1971 – and the areas that will be explored at the Forum are incredibly relevant and will likely have a major impact on how multi-national companies operate in China in the future."

The Forum is one of IRI's fastest-growing programs. For more information on the China Forum, visit http://www.iriinc.org/.

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About IRI
The Industrial Research Institute is an organization of some 200 industrial and service companies having common interest in effective management of technological innovation. IRI member companies invest over $100 billion annually in R&D, representing more than 70% of the nation's privately funded effort. These companies, spanning diverse industries, compete in the global marketplace and provide jobs for more than 10 million of America's workers. Together they generate some $3 trillion in annual sales, representing one third of our gross domestic product. IRI welcomes the opportunity to discuss its views on the recommendations in this position statement. For additional information, contact Mr. Edward Bernstein, President, Industrial Research Institute, 2200 Clarendon Blvd Suite 1102, Arlington, VA 22201. Website: http://www.iriinc.org/.