Michael Schrage

Visiting Scholar
Research Fellow, Initiative on the Digital Economy (IDE)
Visiting Fellow, Martin Trust Center for MIT Entrepreneurship
Visiting Fellow, Imperial College Department of Innovation and Entrepreneurship

Primary DLC

Initiative on the Digital Economy

MIT Room: E94-1521

Areas of Interest and Expertise

Design and Deployment of New Products and Services
Role of Prototypes, Models and Simulations in Managing Innovation and Risk

Research Summary

Michael Schrage examines the various roles of models, prototypes, and simulations as collaborative media for innovation risk management. He has served as an advisor on innovation issues and investments to major firms, including Mars, Procter & Gamble, Google, Intel, BT, Siemens, NASDAQ, IBM, and Alcoa. In addition, Schrage has advised segments of the national security community on cyber conflict and cybersecurity issues. He has presented workshops on design experimentation and innovation risk for businesses, organizations, and executive education programs worldwide. Along with running summer workshops on future technologies for the Pentagon's Office of Net Assessment, he has served on the technical advisory committee of MIT's Lincoln Laboratory. In collaboration with the Center for Strategic and International Studies (CSIS), Schrage helped launch a series of workshops sponsored by the Department of Defense on federal complex systems procurement. In 2007, he served as a judge for the Industrial Designers Society of America's global International Design Excellence Awards.

Recent Work