Biomimicry: An Economic Game Changer Disruptive Thinkers San Diego, Ca. May 21, 2012 Randy M. Ataide, M.A., J.D. Professor of Entrepreneurship Executive Director Fermanian Business & Economic Institute Point Loma Nazarene University The Fermanian Business & Economic Institute – business & economics in action © FBEI 2011 Key Topics A new model Examples Industry effects U.S. and global impact Da Vinci Index The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 The Question: How to we make a better world with better companies and better products? The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 The Old Model Altruism Subsidies Regulation The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 Higher efficiency Lower costs Optimizing, not maximizing The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 Two Approaches Scientists see concepts in nature Companies seek solutions 4 The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 Two Approaches How can we bring these together? 4 The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 Case Studies 3 The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 Examples of Biomimicry Velcro closure Mirasol/Qualcomm displays PAX fluid handling devices Speedo Swimsuits Sto coating and finishes InterfaceFLOR Carpeting The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 Bullet Train The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 Bionic Car The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 Biomimicry’s Estimated Market Impact, 2025 Percent of industry sales Mining Information technology Construction Transportation equipment Engineering Waste management Chemical manufacturing 0% 5% 10% 15% 6 The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 Biomimicry’s Impact on U.S. GDP, 2025 Billions of 2010 dollars 400 300 300 200 100 0 50 Output Reduced Resource Depletion and Pollution 7 The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 The Da Vinci Index The Fermanian Business & Economic Institute – business & economics in action © FBEI 2011 Key Words Biomimicry Biomimetic Biomimic Biomimics Bio-inspired The Fermanian Business & Economic Institute – business & economics in action © FBEI 2011 Index Components (Weight percent) Patents 30 Scholarly Articles 30 Number of Grants 15 Value of Grants 25 The Fermanian Business & Economic Institute – business & economics in action © FBEI 2011 Composite Da Vinci Index Expands 7-Fold Index, 2000=100 800 700 600 500 400 300 200 100 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 The Fermanian Business & Economic Institute – business & economics in action 2009 2010 © FBEI 2011 U.S. Patents Soar from 3 to 41 Number 50 40 30 20 10 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 The Fermanian Business & Economic Institute – business & economics in action 2009 2010 © FBEI 2011 Scholarly Articles Jump Five-Fold Number 1600 1400 1200 1000 800 600 400 200 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 The Fermanian Business & Economic Institute – business & economics in action 2009 2010 © FBEI 2011 Number of Scholarly Articles by Country Published in 2011 500 400 300 200 100 0 USA China Germany England S. Korea Italy Japan France The Fermanian Business & Economic Institute – business & economics in action India Spain © FBEI 2011 Scholarly Articles by Institution Published in 2010 60 50 40 30 20 10 0 The Fermanian Business & Economic Institute – business & economics in action © FBEI 2011 Scholarly Articles by Subject Published in 2010 700 600 500 400 300 200 100 0 Chemistry Materials Science Engineering Physics Science Technology The Fermanian Business & Economic Institute – business & economics in action Polymer Science © FBEI 2011 U.S. Grants Triple in Number 300 250 200 150 100 50 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 The Fermanian Business & Economic Institute – business & economics in action 2009 2010 © FBEI 2011 U.S. Grants Nearly Quadruple by Value Millions of dollars $110 $90 $70 $50 $30 $10 2000 2001 2002 2003 2004 2005 2006 2007 2008 The Fermanian Business & Economic Institute – business & economics in action 2009 2010 © FBEI 2011 Da Vinci Index Soars in 2011 Index, 2000=100 1200 1000 800 600 400 200 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 *2011 *2011 *2011 Q1 Q2 Q3 *Quaterly annualized rates The Fermanian Business & Economic Institute – business & economics in action © FBEI 2011 Conclusions - Biomimicry A true game changer Gaining global traction Transforming industry Large U.S. and global impact Significant potential for the various sectors Significant potential for the various regions 14 The Fermanian Business & Economic Institute – business & economics in action © FBEI 2010 Questions? The Fermanian Business & Economic Institute – business & economics in action © FBEI 2011