Professor Dr. Thorsten Posselt (* 21.7.1961) is the director of the Fraunhofer Center for International Management and Knowledge Economy and professor for innovation management and innovation economics at the University of Leipzig. He studied economics at Goethe University Frankfurt and at Stanford University in the USA, where he obtained his higher doctorate with a paper on the design of distribution systems after earning his first doctorate with a thesis on the mobility behavior of businesses. From 2000 to 2005, he taught business management with a focus on service management at the University of Leipzig. After that, he taught business management, and in particular commerce, service management and eCommerce, at the University of Wuppertal until his appointment as head of the Fraunhofer MOEZ in Leipzig in 2008. He has spent some time at the University of California in Berkeley and the University of California in Davis over the course of several research stays. His main areas of research expertise and interest are innovation management, innovation economics and innovation policy, as well as service management and economics. He is a member of various institutions, such as the European Academy of Sciences and Arts, and sits on the scientific advisory committee of the journal »Innovationsmanager« (published by F.A.Z.-Institut) and the scientific advisory council of the Deutscher Innovationspreis award, the Diesel medal advisory committee of the Deutsches Institut für Erfindungswesen, PFI-D (the platform for innovation in Germany) and is also involved with the Schmalenbach-Gesellschaft für Betriebswirtschaft e.V., whose working committee on marketing he headed from 2004 to 2014.