The lifeblood of innovation is capital. Investment of capital is the primary difference between great ideas and great teams that go nowhere and those that change the world. From the airplane to the iPod, from wonder drugs to wonder software, innovation requires invested capital to bring concepts to commercial reality. Angel investors play a crucial …
During our last snowstorm in my part of Wisconsin, I took the photo above of a traffic light whose traffic signals were largely hidden by snow. I saw it as a metaphor for what happens when times of economic chill blind entrepreneurs and businesses to the opportunities around them. A downpour of discouraging economic data …
Missing the Green Light of Opportunity During the Economic Chill? Read More »
For connecting one human to another, it’s been said that any two people can be connected by acquaintances in six steps, hence the concept of “six degrees of separation.” The term “seven degrees of separation” occurred to me when reading Malcolm Gladwell’s discussion of airliner accidents in his outstanding book, Outliers: The Story of Success. …
Years ago in exploring emerging technology in consumer products, I was impressed with the development of the foaming pump from Airspray N.V. This pump has become widespread, allowing liquid soap and other solutions to emerge from a pump dispenser as a rich foam without the need for propellants. Cool product. I’ve also looked over some …
Robert’s Rules of Innovation: Review of a Useful Book by an Experienced Innovator Read More »
Nussbaum on Design (BusinessWeek) has a though-provoking column that mentions several innovation principles from designer Diego Rodriquez. One of these is “Killing good ideas is a good idea.” That’s the kind of counter-intuitive blasphemy that merits reflection. Of course, developing good ideas is essential, but without the killing phase, good ideas can lead to “idea …
Idea Cancer: The Danger of Good Ideas (Growing Out of Control) Read More »
Last year I discussed the bold technology transfer and commercialization work of Exploit Technologies in Singapore under the leadership of Executive Director Boon Swan Foo. Their goal is an important one for the economy of Singapore. They are working with a booming portfolio of patents from the intense research being funded by the government of …
The Outlook for Technology Transfer in Singapore: Exploit Technologies and Philip Lim Read More »
At Innovationedge, we enjoy spotting incipient innovation success, and work to coach our clients on how to turn their products and services into more successful innovations. We have seen that many innovation failures begin with clever people looking for problems to solve with their cool technology. Some of the best innovation successes begin, on the …
Disruptive Innovation in Progress? The Pixetell Story Read More »
As an inventor and US patent agent, one of my painful experiences in the pursuit of patents at past employers and on my own has been unexpected encounters with prior art. Even after serious and careful searching, one may later find that someone else pursued a very similar idea many years ago. Like the Good …
When Inventions Are Ahead of Their Time, Long-Term IP Strategy Becomes Essential Read More »
Here is a condensed version of a recent presentation I gave on getting more from university-industry relationships, a vital source of innovation. I review some of the innovation fatigue factors that can hinder effective collaboration with universities, cite the impressive example of the Wisconsin Institutes for Discovery, and give some tips for better university-industry collaboration.
In Conquering Innovation Fatigue, we emphasize that many innovators are motivated by the desire to make a difference in the world rather than merely obtain personal profit. We also discuss the concept of innovation competitions as a great way to fuel innovation success and access new talent. We also emphasize the importance of collaboration across …