Future-oriented innovations include progressive products, companies and technologies that can improve people’s lives. They can help improve areas like healthcare and space technology or enhance a company’s ability to compete. Making them requires a lot of effort amongst diverse high tech technique stakeholders as well as a paradigm shift and significant epistemic visibility. It is vital that the management and staff of an organization are open to learning from long-term trends and listening to them.

Fear of the unknown, reluctance toward change, and a focus only on the short-term gain are the main obstacles that block future-oriented innovations. In an organization, these barriers are overcome by having a growth mindset and a culture of innovative thinking. Employees will also feel motivated to work toward the future goals. This is often described as phronesis which is the notion that individuals require an incentive to take more risky decisions in their job and it can result in higher retention rates for employees of organizations that have a forward-looking mindset.

There is increasing evidence that innovation ecosystems can benefit from a stronger grasp of the future possibilities. This could be achieved by integrating foresight into innovation ecosystems. This could be achieved by strengthening the structural connections between strategy-building processes and research programs, and raising awareness of the future possibilities through dialog. The foresight wheel model provides an idea of a methodological structure address that can address these needs in a manner that is both effective and scalable. This article provides a new approach to developing future-oriented innovations.