Rainforest Rev: What the World Needs Is Group GeniusPosted: January 13, 2015
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Global Innovation Summit is coming up soon and is on track to sell out! Please register here before it is too late. The Summit is offering limited scholarship opportunities for entrepreneurs with disadvantaged backgrounds. International applicants preferred. Apply here for a scholarship.
SUMMIT: FEBRUARY 17-19 | WEEK: FEBRUARY 15-21
THE BIG PICTURE
Todd Johnston, Head of Design for the Global Innovation Summit, from TEDx
The world requires group genius – the ability of a group working collaboratively in a consistent flow state with dynamic feedback and individual and group creativity. Group genius cannot be mandated; it is an emergent phenomenon. Infuse your convening with requisite variety. See more here.
Maria Douglass, a friend and collaborator of T2 Venture Creation, from LinkedIn
In assessing the health of an entrepreneurial and innovation (E&I) ecosystem of academic institutions, we should look at both intellectual and human capital. Intellectual property-based metrics not only do not reflect a university’s true knowledge transfer capability, they may actually impair E&I strategy at an institutional level, according to a research by MIT Skoltech Initiative. E&I ecosystem should include community and industry engagement efforts, localized to the specific needs of the region. Read more here.
The view that governments should stick to the basics: better schools for a skilled workforce, clear rules and a level playing field for enterprises of all kinds. Leave the rest to the revolutionaries. It is as wrong as it is widespread. Governments often undertake courageous spending during the riskiest parts of the innovation process. The need for such long-term investments has only increased over time as venture capital firms have become more short term in their outlook, emphasizing finding an “exit” for each of their investments within three years. Read more here.
The Bellingham Herald
Mentorship is important in all stages of business. For a startup ecosystem to thrive, availability and diversity of mentors is critical because it provides confidence for not only the entrepreneurs but for the investors, bankers, partners, key hires and more. In turn mentorship acts as a stabilizing force to a fragile start. Read more here.
Some chess lessons for entrepreneur: 1. If you see a good move, wait. There might be a better one coming. 2. Winning requires you to plan many moves ahead. 3. You have to manage your time or you can lose–even with the better position. Read more here.
THE LATEST NEWS
The Wall Street Journal
Chile and Colombia are the leaders in entrepreneurship, according to a new study. Both of the Latin American nations scored high on three measures: the share of the working-age population engaged in early-stage entrepreneurial activity, the portion of entrepreneurs who expect to create 20 or more jobs in the next five years and the share of entrepreneurs who say they are offering innovative products or services. Read more here.
To help boost entrepreneurship, the Portuguese government has created an investment body called Portugal Ventures to invest 20m euros of public funds a year into start-up firms. Read more here.
San Francisco Chronicle
A growing interest in venture capital comes at a time when corporations are throwing large amount of money at innovation. With technology changing so rapidly, companies don’t want to miss out on the next big thing, the way Microsoft, Hewlett-Packard and Intel missed out on mobile devices. Read more here.
CALENDAR OF EVENTS
February 15-21, 2015
Silicon Valley, CA
Global Innovation Week is a Silicon Valley-wide festival celebrating the entrepreneurial spirit. More than 20 events with 1,000 attendees from 50 countries are expected. Interested in hosting your own event? Apply here.
Wednesday, January 14, 2015
6:00 PM to 8:30 PM (PST)
Redwood City, CA
Join TechWadi As They Kick-off the New Year by Celebrating MENA Entrepreneurship!
Marketplace & Networking – 6:00- 7:15 p.m.
Opening Remarks and Keynote – 7:15 – 7:45 p.m.
Pitches / Q&A – 7:45 – 8:15 p.m.
Tickets, Speakers, and Additional Information
February 9 to February 11, 2015
Redwood City, CA