Start-up Pitch

What to include in your start-up pitch:

1. Cover Page
2. Summary
3. Team
4. Problem
5. Solution
6. Marketing/Sales
7. Projections or Milestones
8. Competition
9. Business Model
10. Financing

See: http://mashable.com/2011/06/24/startup-pitch-presentation/

Measuring Innovation

A blog entry about how to measure innovation. The blog introduces 7 metrics to measure innovation. Unfortunately, most of them are misleading, since the measure input (R&D spending, patent, invention) or macro-indicators with a very vague unclear link to innovation (GDP, energy captured, social development index and urbanization). Of course you expect that if a society is more innovative, this will lead to an increase in GDP. But the causal link might not be the other way around: countries with a high GDP are innovative (maybe just rich in natural resources). The same counts for urbanisation. According to Richard Florida there is an increase in creativity and innovation in urbanised environments. But this does not mean that the McDonalds restaurant in NYC is more innovative than the one in a ghost town.

See article:
http://globalpublicsquare.blogs.cnn.com/2011/06/08/how-to-measure-innovation/

Don' confuse cause and effect!

It is the dream of every policy maker: build in their region a new Silicon Valley. Many policy makers have tried to bring people together from business, science and relevant policy makers. In a next step with huge money state of the art infrastructures are build including nano-labs, biotech labs, broadband internet, nice office buildings etc. With huge subsidies and/or tax breaks some research intensive companies are attracted and than the policy makers wait till the benefits will manifest. And in most of these cases the initiative fails. Partly because nobody has thought about 'soft-infrastructure' - the services that provide support for new businesses (moving in or starting up) and provide an added value for locating in the valley. Just bricks and stones are not attracting new companies. A second problem is the huge competition between the different valleys. There is only one Silicon Valley in USA, while there are hundreds of wanna-be Silicon Valleys in Europe. A Third problem is that cause and effect might be mixed up. The innovative companies in Silicon Valley might not be innovative because of Silicon Valley, it might be the other way around, that Silicon Valley became innovative because of the companies there. The rule is: talent attracts more talent. As long as there are no talents in the valley, it is not attractive for other talents to go there. So it is not clustering that makes companies succesfull, it might be that succesfull companies together make a cluster.

For a similar argument, see this link

Informative article about Innovation Prizes

A great article about Innovation Prizes that analyses the rationale and the impact that such a price could have.

http://www.100open.com/2011/04/innovation-prizes-need-surprises/

'Stumbling upon the next great invention in an “ah-ha!” moment is a myth'

Article by the inventor of the Dyson vacuum cleaner, explaining the 1 % inspiration, 99 % transpiration than comes along with the process of innovating.