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Innovation

[New] Many countries in Latin America have placed legal and political barriers against disruptive innovation, as seen in the experience of Uber, but the benefits of new ideas are dramatic.
In order to achieve carbon-neutrality goals by 2050 and ensure the EU's technology leadership across the entire hydrogen value chain, the European Commission recognises the need to increase support for research and innovation through existing EU funding programmes.
IEA has called for governments to triple their innovation spend on clean energy technologies by 2030 if they are to have a chance of meeting their net zero goals by mid-century.
Thai businesses are increasingly concerned about the scale of digital disruption across industries, with 90% of Thai IT executives pointing out that rapid tech advancement and innovation would disrupt their respective industries.
In 2020, CFOs will face pressure to weigh sustainability as a leading investment factor and find more opportunities for their businesses to invest in innovation that addresses sustainability challenges.
In Europe, the EUR10 billion Innovation Fund will be available to support CCUS projects (and other clean energy technologies) from 2020, while in May the Australian government announced plans to make CCUS eligible for existing funding programmes.
The EIB will continue its support for the deep decarbonisation of industry globally, through the development and deployment of innovation.
With the value of the energy efficiency market expected to grow to $550 billion by 2035, Canada has the opportunity to promote energy efficiency and deliver economic growth through investments in innovation.
The government will invest up to £93 million to accelerate construction of the new Vaccines Manufacturing and Innovation Centre which, when completed, will have capacity to produce enough vaccine doses to serve the entire UK population in as little as six months.
Medellin has become a world benchmark for transformation and innovation, and it is expected that by 2023 it will be recognized as the capital of innovation in Latin America.
The Sustainable Innovation Fund will help power the UK's economic recovery and develop new sustainable opportunities for businesses in any sector following the coronavirus pandemic, while helping the UK meet its ambitions to cut carbon emissions to net zero by 2050.
India will be one of the leading countries in the world in innovation, education, commercialization, and adoption of blockchain technology in private and public sectors by 2025.
Artificial intelligence has produced an explosion in innovation and investment in education, with an estimated doubling in the growth of the global education technology market by 2025.
The UK Government has put research and innovation at the heart of its Industrial Strategy, with the aim of making the UK the most innovative country in the world and increasing its total R&D expenditure from 1.7% of GDP in 2016 to 2.4% by 2027.
The Energy Systems Catapult found Net Zero by 2050 is possible if the UK supports innovation and scale-up across three essential areas - Low Carbon Technology, Land Use and Lifestyle.
Step change in R&D investment - The UK government will increase investment in science, innovation and technology to £22 billion by 2024-25.
When asked which country will experience the biggest rise in payment innovation over the next five years, China came out on top for 45% of Asian and 40% of European firms.
The Thailand 4.0 policy will boost value added in manufacturing sector through promoting greater utilization of creativity, technology and innovation while ensuring environmental friendly practices.
In the coming years, AI and blockchain are expected to become major players in the fintech market and provide even more innovation.
With the innovation in veneers, and technology such as 3D printing and an aging baby boomer population, the cosmetic dentistry industry is expected to grow significantly over the coming years.
Developing innovative ways to overcome our challenges will see us focus on areas such as remote and robotic technologies in the coming years and take advantage of innovation in other sectors such as space, oil and gas.
Current and future lawyers must adapt to the changes in how the legal market is evolving with technology, innovation and pricing or they will become tomorrow's dinosaurs.

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Last updated: 09 August 2020