S6E8: Prioritising Innovation: Creating a Secure and Resilient Ecosystem

Innovation has long been a Western strategy, but how can it be made effective against an industrially and economically strong China? Dame Fiona Murray explains.

A defining feature of the West's Cold War approach to the Soviet Union was leveraging its technological and economic advantages, including through 'offset strategies'. While defence innovation remains a pillar of Western security, its focus has shifted toward dual-use technologies, reflecting a broader move of the locus of innovation from states to private industry.

However, just as earlier episodes in Season 5 explored (Episodes 10 and 11 regarding US industrial mobilisation during the Second World War, and Jean Monnet's plans for European post-war cooperation), success requires many actors coming together to create a resilient ecosystem. Achieving this demands alignment by all parties.

Professor Dame Fiona Murray is the Chair of the NATO Innovation Fund and William Porter (1967) Professor of Entrepreneurship at the Massachusetts Institute of Technology. She advises the UK Government and sits on the European Innovation Council Joint Expert Group. Her work is published widely in Science, Nature, American Journal of Sociology, Organisation Science and the Journal of Economic Behaviour and Organisation. Her most recent book Accelerating Innovation: Competitive Advantage through Ecosystem Engagement, (MIT Press, 2025) is with Phil Budden.

Further Reading

Phil Budden and Fiona Murray, Accelerating Innovation: Competitive Advantage through Ecosystem Engagement, MIT Press, 2025.

Edlyn V. Levine and Fiona Murray, How the US and its allies can rebuild economic security, in MIT Technology Review, 30 July 2024.

Stefan Raff, Fiona E. Murray, and Martin Murmann, Why You Should Tap Innovation at Deep-Tech Startups, in MIT Sloan Management Review, Fall 2024.

Gene Keselman and Fiona Murray, Dual-use is a Strategy, Not a Category (Nor a Trap), War on the Rocks, 2 January 2025.