A Living Lab Grows in Clearwater Bay: But Is It Fundable?
Abstract
Davis Bookhart, the founding director of the Hong Kong University of Science and Technology’s Sustainability/Net Zero office has an HKD 50 million problem. Four years ago, a fund was created to build a position of institutional leadership in sustainability from the largesse of the university’s then president. Intended to pair students with research faculty and the university’s operations staff in the development of sustainable, smart solutions to campus problems, the resultant program transformed the university’s campus works into a living lab, offering an exploration of frontier problems in sustainability and an alternate pedagogical model to classroom teaching. Four years on, over 30 projects have been funded, with outcomes ranging from digitalizing the school’s registrar to using artificial intelligence to build a smart monitoring system for the campus’ bird population. Now, under new leadership and with its funding set to soon expire, Bookhart must reevaluate the living lab’s impact and address how the case for a living lab might be institutionalized. He must also grapple with a broader question of what the role of the university will be in supporting early-stage innovation in China’s now emerging Greater Bay Area?
Learning Objectives
Students will gain an understanding of how to evaluate forms of impact that extend beyond traditional financial metrics of performance. Students will also learn to consider externalities in evaluating which of Bookhart’s projects merit further funding. Students will also gain an understanding of strategies that might support early stage innovation.
Company/Organization | HKUST |
Industry | education |
Major Discipline | International Business |
Subject(s) | Innovation, Sustainability, strategy, Living Lab, Technology Startups, Sustainable Finance |
Geography | Hong Kong |
Case Nature | Field |
Page count of the Case | 14 |
Teaching Notes | 4 |
Publisher | HKUST |
Last Revision Date | 04.09.2023 |