Abstract :
Historically, “innovation” has shaped the history of mankind. Beginning with the Watt steam engine that changed the world by initiating the Industrial Revolution in the late 18th century, a series of innovations has promoted economic growth and improved the quality of life. In the 21st century, the rate of innovation is likely to accelerate in many diverse fields. At KAIST, we believe that the most important innovations are those related to EEWS (energy, environment, water, and sustainability). We also believe that for innovation to occur, we must be mindful of the three laws of innovation that are based on three important concepts related to “innovation continuum”, “nucleation of innovation”, and “the relative rate between innovation and diffusion of innovative ideas and people”.
