Feature Of The Week

How to Build Rural Innovation Ecosystems

The 2016 election revealed a dramatic gap between two Americas—one based in large, diverse, thriving metropolitan regions; the other found in more homogeneous small towns and rural areas struggling under the weight of economic stagnation and social decline. Amazon choosing NY and Washington to build headquarters is an example. Economic development experts agree that regional economic development depends on creating ecosystems that ...

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How to Cut Costs and Still Be Innovative

With all the hype these days around the impending disruptions on the horizon such as blockchain, artificial intelligence, augmented reality and the like, it’s natural to assume that breakthrough innovation requires breakthrough technology. And if you consider the mind-boggling burn rates of recent innovation icons like Uber, WeWork, and MoviePass, it’s also easy to assume that monstrous investments are needed to grow a successful ...

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The Right Way to Choose the Best Idea

We have too many ideas, but too few great ones. We don’t need more ideas, we need a way to choose the best one or two ideas and run them to ground. Before creating more ideas, make a list of the ones you already have. Put them in two boxes. In Box 1, list the ideas without a video of ...

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Why Your Idea is Not Investor-Ready

In my role as the President and CEO of the Society of Physician Entrepreneurs (SoPE), I sometimes receive inquiries like this: “Hi, Dr. Meyers. I was reading some of your posts on the SoPE website and social media, and was wondering if you wouldn’t mind taking time to read the enclosed business plan for an idea I have and whether you could ...

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Innovate Like Sir Arthur C Clarke – An Optimistic Look at the Future

Last month I wrote about some classic innovation insights borrowed from the legendary Isaac Asimov.  This month I would like to share some similar insights derived from the writings of the equally legendary Sir Arthur C Clarke, the author behind the brilliant Stanley Kubric movie 2001: A Space Odyssey, and a prolific author of quality, ‘hard’ science fiction. A Common ...

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Reinventing the Entrepreneurship Game

In my last blog I described how important it is to unleash the power of innovative entrepreneurship in our digital & connected world. How doing this manifests an optimistic, abundant & positive futures that: Maximises the potential of entrepreneurs to see & solve 21st century wicked problems, innovate new businesses that successfully compete, achieve exponential & sustainable growth in VUCA times. Creates the ...

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How to Find Innovation Champions and Pilot Partners from Outside In

Creating corporate innovation is never easy and takes several steps. Carlson and Wilmot mention five disciplines: Important Needs: Work on important customer and market needs, not just what is interesting to you. Value Creation: Use the tools of value creation to create customer value fast. Innovation Champions: Be an innovation champion to drive the value-creation process. Innovation Teams: Use a multidisciplinary, team-based approach to innovation to create a ...

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