Tracing Innovation Pathways

Evaluating innovation and optimising its role in the inventions is fundamental for applied research, that requires planning the use of available resources. Traditional assessment approaches often miss to capture how innovation stagnates between the ideation and prototyping phases (the Valley of Death), and to learn how innovation emerges from intermediate-steps contributed by individuals. This paper focuses on tracing innovation as an approach enabling mapping of pathways of intermediate-steps and opportunities for valorising unplanned outcomes. We adopt a qualitative case study to explore how innovation pathways can be conceptualised through technological readiness levels. The operational settings of an EU-funded project defined the boundaries of the study. A network analysis explored relationships among themes that emerged from respondents involved in the activities, following an inductive approach to derive themes from data. Findings indicate that intermediate innovation steps, including failures, are viewed as cumulative contributions to novelty. Their documentation is seen as an investment for unlocking latent value embedded in distributed knowledge. Within this scope, we outline a blockchain-based knowledge graph as a proof-of-concept for tracing cumulative contributions, identifying breakthroughs leading to technological maturity and supporting generation of hypothesis grounded on experimental trials. As a result, we suggest that paths recombining prior knowledge into novelty encode latent value that can be interpreted as a function of the network topology, and propose a conceptual framework for analysing value by means of information theory metrics applicable to innovation graphs.