The Innovation Impact Value Chain

In business, a value chain is a system of information, organisations, resources, people and activities, that creates and supplies a product or service to a customer while adding value at each stage. An innovation impact value chain needs to add value to consumers, businesses, society and a nation’s economy and our environment. Ultimately, creating value for end-users and customers through innovation is a goal that can literally save and transform lives, generate high value business, employment, tax revenues and economic growth of a nation. How, and the extent to which, this is achieved in monetary terms and other forms of value is explored; how it is measured and dependent on science-related patents, in particular, is addressed.