Stiftungsfonds Deutsche Bank
Chair of Innovation Management
and Entrepreneurship



  • Prof. Dr. Kelvin W. Willoughby


  • Disruptive Technologies & Business Models
  • Innovation Management & Corporate Entrepreneurship
  • Entrepreneurship & Agile Working Methods
  • Entrepreneurial Challenges
  • Executive Education

Research Areas

  • Innovation Management
  • Entrepreneurship
  • Intellectual Property Management
  • Commercialization of Science and Technology


  • FGF – Association for Entrepreneurship Research, Education and Policy (Förderkreis Gründungs-Forschung e.V.), Krefeld, Germany
  • SpinLab – The HHL Accelerator, Leipzig, Germany
  • Technische Universität Dresden, Dresden, Germany
  • The Hong Kong Polytechnic University, Department of Industrial and Systems Engineering, China
  • Copenhagen Business School, Department of International Economics, Government and Business, Denmark
  • GLORAD, Center for Global R&D and Innovation, international research network
  • HYVE AG, Munich, Germany
  • Chitralada Technology Institute, Bangkok, Thailand
  • Aistemos Limited (Cipher), London, UK

Make a difference in the world through enlightened leadership in technological innovation and entrepreneurship!

Prof. Dr. Kelvin W. Willoughby
Chairholder Stiftungsfonds Deutsche Bank Chair of Innovation Management and Entrepreneurship

What we do

Belief in the power of innovation and entrepreneurship, and the quest for creativity and fulfillment in work, has inspired millions of people worldwide to eschew an orthodox corporate career for the dream of creating a new venture. Progress in science and technology is lauded by policy makers and corporate leaders as the key to solving critical economic, environmental and social problems, and technology venturing is now celebrated as the key to wealth generation and personal advancement. “Innovation” has thus become the leitmotif of success for startups, established corporations and public policy makers. These trends evoke a number of important challenges that are the focus for research and teaching in our Chair:

  • What knowledge and skill do individuals need to overcome the obstacles to success when launching a technology startup?
  • How can established corporations renew their competitive advantage through artfully managing the innovation process?
  • How can local communities harness the potential of technological innovation to stimulate local economic development and employment generation?
  • How can the direction of technological change be managed to maximize social benefit and minimize harmful human and environmental impact?
  • What can we as individual human beings personally do to make the world a better place through leadership in the business of technology?

Our work addresses innovation management in both new ventures and established companies, and on the transfer of created knowledge between academia and business. We are especially interested in strategy for enterprises and projects based on the development and commercialization of new technology, and in how intellectual property may be managed to support innovative enterprises, both locally and internationally.

The Chair’s goals emphasize realizing an intensive theory-practice transfer in both research and teaching. The teaching programs are interactive and practical; our lectures are supported by our wide network of entrepreneurs and innovators in the market who are engaged in interesting co-teaching with our professors.

Feel free to contact us, if you would like to get more information about innovation management and entrepreneurship.

Prof. Dr. Kelvin W. Willoughby

My whole career—spanning several continents and several decades—has been devoted to finding answers to this question, and to helping students, executives, entrepreneurs and policy-makers find answers to the question for themselves, their organizations and their communities. The words of two amazing innovators, in particular, have guided my intellectual and practical journey:

“You should decide what is good and what is important, and then you should do it, otherwise you will be wasting your life.”  – E. F. Schumacher, international economist and author of “Small is Beautiful”

“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma—which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”  – Steve Jobs, entrepreneur and co-founder of Apple and Pixar

In 2021 I joined the Stiftungsfonds Deutsche Bank Chair of Innovation Management and Entrepreneurship at HHL Leipzig Graduate School of Management as a Professor. My expertise lies in the strategic management of intellectual property, technology-based entrepreneurship, and strategic planning for technology-based industry development. I have conducted a variety of studies, and produced numerous publications, in the above fields in North America, Europe, Asia, Australia and Russia. I have doctoral degrees in both strategic management and technology studies, and a master of laws degree in intellectual property law. My undergraduate training was in environmental studies and philosophy.
In addition to my academic work, I have been active as an international consultant and advisor to industry and government, and a founding member of a digital media technology company in the United States.

My academic affiliations have included, among others: the Skolkovo Institute of Science and Technology (Skoltech), in Moscow, Russia; Curtin University, in Australia; the University of Minnesota, in Minneapolis; the State University of New York at Stony Brook; the University of Utah; and, the University of California at Berkeley.

CV and Media Picture


Publications by Prof. Dr. Kelvin W. Willoughby in 2021

Kelvin W. Willoughby & Nadezhda Mullina
Reverse Innovation, International Patenting and Economic Inertia: Constraints to Appropriating the Benefits of Technological Innovation
In: Technology in Society, 67 (2021) November

Dmitry S. Smirnov & Kelvin W. Willoughby
Rethinking the Dynamics of Innovation, Science, and Technology: The Curious Case of Stirling Engines and Stirling Refrigerators
In: Energy Research & Social Science, 79 (2021)

Punyapat Saksupapchon & Kelvin W. Willoughby.
Contextual Factors Affecting Patent Licensing Provisions in Collaboration Agreements of Complex Technological Organizations
In: International Journal of Intellectual Property Management, 11 (2021) 3, 280-315

Punyapat Saksupapchon & Kelvin W. Willoughby
Intellectual Property Management, Dynamic Capabilities and Competitive Innovation in the Commercial Aircraft Industry
In: International Journal of Intellectual Property Management, 11 (2021) 3, 236-262


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