We developed a theory of technological innovation using Leontief's theory about input output economics that helps you predict technological investment opportunities.

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Our theory involves the idea of technological cross over between industrial sectors and it provides you with a framework for predicting future technological innovations and the emergence of new markets.

We believe that technology evolves because of knowledge creation and knowledge diffusion. We apply a biological metaphor to explain how new markets emerge as a result of technological genetic crossover.

We look for "radical innovation" in technological cross-over candidates, and we look for  "sustaining innovation" in existing  products when they have new technological features added to them.

Our methods are useful for venture capitalists, regional angel groups, metro economic development agencies, university tech transfer offices, and investors interested in predicting the next big technological innovation.

Our approach tends to rely on the concept of regional industrial clusters, or what Dr. Ed Feser, of the University of Illinois, calls value chains.

We believe that knowledge is created and diffused within regional industrial value chains, and we use our theory to help us predict the direction of technology.

You can read more about our theory in our new book:

Predicting Technology.