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What does it take to turn innovation ecosystems into powerful engines of growth amid global uncertainty?
In this engaging Leading Edge webinar, Dame Fiona Murray and Phil Budden will unpack how investors, startups, and policymakers can strategically leverage the dynamics of entrepreneurial ecosystems alongside geopolitical insights to not only navigate risk but also unlock new opportunities. Drawing on their extensive work with MIT and global technology and entrepreneurship programs, they’ll share practical frameworks to accelerate startup success, attract smart investment, and build resilient strategies that thrive in today’s complex and ever-shifting global landscape. The discussion will also highlight the role of regional collaboration, talent development, and the importance of aligning research and enterprise with broader economic and policy objectives, making this session essential for anyone aiming to lead at the intersection of strategy, investment, and geopolitics.
Registration Fee: ILP Member: Complimentary General Public: $250 Current MIT Faculty/Staff/Student: Complimentary
Ron Spangler serves as the Director of Corporate Relations, managing a diverse portfolio of companies in the mining, energy, aerospace, and defense sectors. Before joining MIT Corporate Relations, Ron dedicated two decades to an industry career, primarily focusing on various MIT-connected startup companies. In 1994, he earned his doctorate in Aeronautics and Astronautics from MIT, and his extensive contributions include numerous publications and patents. Notably, Ron is also an FAA-licensed pilot with a glider rating.
Associate Dean For Innovation Co-Director MIT Innovation Initiative William Porter (1967) Professor of Entrepreneurship Faculty Director Legatum Center MIT Sloan School of Management
Professor Dame Fiona Murray is the Associate Dean of Innovation at the MIT Sloan School of Management, William Porter (1967) Professor of Entrepreneurship. She is the Co-Director of MIT’s Initiative for Innovation and also an associate of the National Bureau of Economic Research.
She 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 entrepreneurship, the commercialization of science and the economics of entrepreneurship and innovation. She has done extensive work with entrepreneurs, governments, large corporations and philanthropists designing and evaluating the policies and programs that shape vibrant entrepreneurial ecosystems: prizes competitions, accelerators, patent licensing rules and proof of concept funding programs.
A former scientist trained at Harvard University and the University of Oxford, Murray has taught and published extensively on fostering cultures that bridge scientific innovation and entrepreneurship, building effective entrepreneurial strategies for science-based businesses (in biotech and biomedical companies and recently, clean energy), and evaluating the commercial potential of novel scientific ideas. Closely tied to real world problems, Fiona works with public policy makers and entrepreneurs designing and evaluating the policies and programs that shape vibrant entrepreneurial ecosystems: prizes competitions, accelerators, patent licensing rules and proof of concept funding programs. She also works with large global corporations who seek to leverage the ideas of a wide range of internal scientists as well as external entrepreneurs through novel programs such as prize competitions. Her recent engagements have focused on relationships that span the public and private sectors. She is particularly interested in new emerging organizational arrangements for the effective commercialization of science, including public-private partnerships, not-for-profits, venture philanthropy, and university-initiated seed funding and innovation-focused competitions and prizes.
After a short time on the faculty of Oxford University’s Said Business School, Murray joined MIT Sloan where she is now Faculty Director of the Martin Trust Center for MIT Entrepreneurship. In this role, Fiona works on the design and delivery of entrepreneurship education at the undergraduate and graduate levels. She teaches the “Innovation Teams” course, which assembles teams of students from across MIT to learn the process of technology commercialization, with a focus on evaluating a technology’s potential for significant commercial and social impact. She has recently started the REAL course – Regional Entrepreneurial Acceleration Lab - which gives students practical and academic insights into the design and development of entrepreneurial ecosystems around the world. These courses encourage cross-campus collaborations that move scientific discoveries closer towards marketable products and allow for students from different stakeholder perspectives to understand the broader entrepreneurial ecosystem. She also has a particular interest in the entrepreneurial education of scientists and engineers, and in the role of women in entrepreneurship and commercialization of science.
Fiona has spoken at events worldwide about building entrepreneurial capacity built upon the engine of scientific research. She also speaks in academic and policy settings on innovation and intellectual property in the scientific community. She has been published in a wide range of journals, including Science, Nature, New England Journal of Medicine, Nature Biotechnology, American Journal of Sociology, Research Policy, Organization Science, and the Journal of Economic Behavior & Organization.
Murray has served on the faculty at MIT Sloan since 1999. In 2006 she was promoted to Associate Professor in the Technological Innovation & Entrepreneurship Strategic Management Group and in 2009 became Faculty Director of the Trust Center for MIT Entrepreneurship. Previously, Murray held positions at Harvard University, the University of Oxford, the Asian Development Bank, and United Nations Environment Program in Kenya.
Murray received her BA ’89 and MA ‘90 from the University of Oxford in Chemistry. She subsequently moved to the United States and earned an AM ’92 and PhD ’96 from Harvard University in Applied Sciences. She serves on the Prime Minister’s Council on Science and Technology in the United Kingdom.
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.
Phil co-teaches in the successful 'Regional Entrepreneurship Acceleration Program' (REAP), an Executive Education 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 Executive Education settings.
Prior to joining MIT, Phil has held these posts with the British government: British Cabinet Office, London (5/6/2001 - 6/30/2002); British Embassy, Washington DC (7/1/2002 - 8/5/2007); 1st Secretary (UK-US Technology, Science & Innovation) Washington DC; Adviser to the PM at No10 (European/institutional strategy) London, UK.
Phil holds a BA and MA in History from Lincoln College, the University of Oxford; an MA in History and Government from Cornell University; and a PhD (DPhil) in History and International Political Economy from the University of Oxford.
Audience questions will be welcome throughout the fireside chat.