Business incubators are often associated with tech start-ups however, incubators are emerging in many industries such as manufacturing, fashion, culinary, and some all-purpose incubators regardless of industry.
Long Island's research institutions are key to the region's economic activity and potential growth. We should see them not as ivory towers but as vital parts of the engine that powers the region -- and its future prosperity.
Many companies are now starting to focus on developing various types of cross-organizational innovation programs, and in some cases, these programs have been going on for years. Here are just a few that I wanted to highlight.
There are over 7,500 incubators/accelerators in the world. Most fail. E ntrepreneurs are thoroughly confused on how to evaluate incubators and accelerators. Entrepreneurs are also thoroughly confused on why they get rejected by incubators and accelerators on the grounds of being too early.
As schools consider ways to include or improve entrepreneurial education, we need to consider ways to break down the barriers of traditional education in order make this endeavor meaningful and transformative to students.
Last year, we launched a program called the 1M/1M Incubator-in-a-Box. It has exposed us to a broad range of technology companies and their innovation goals, strategies, and processes. While most of what we have learned is confidential, I will synthesize some trends we're seeing in this domain.
Jon has been a CEO in both established businesses and startups, consultant and venture capitalist spanning the diverse yet interconnected fields of technology, academia, services, health care, government and international business.
The first thing I need from you is encouragement to take a bigger view of our business sector. We need to show a willingness to press traditional boundaries so we can liberate our thinking to see pockets of opportunity we may have overlooked.
We have much more power than we realize to drive the outcomes we wish. We can and should patronize those companies making the real investments in people and planet... and by doing so we can help create the profit motive for companies to continue to do the right thing.
Will larger spaces mean "bigger" small businesses or will co-shared pop-ups be the next iteration? It will be interesting to keep tabs on how they develop and hopefully they meet with continued success and growth.
The TechTown neighborhood is a terrific Detroit asset, and it can be so much more. TechTown is a business incubator, and in order for it to thrive, we must focus on creating an environment where the area can grow organically out of existing assets.
When we think of successful business creation and development, we focus on the fundamental business model, value proposition, strategy, organization and alignment of resources, and focused and disciplined execution of that strategy.
The contest is focused on financial technology entrepreneurs, and TradeKing, an online brokerage, will be awarding 12 1M/1M scholarships, picked from 20 finalists, to entrepreneurs who are developing apps on their platform.
During today's roundtable, we turned the spotlight on Western Massachusetts, spanning the Northampton-Amherst area and the home of Smith College (my undergraduate alma mater), Amherst College, UMass, Mt. Holyoke and Hampshire College.
We are currently facing the greatest threat to first class citizenship, competitiveness, economic growth, and moral fiber as a nation since segregation. A deep digital divide exists at a critical point in our nation's history where we are transitioning from an industrial to a digital society.
Tech innovators and web entrepreneurs are the new rock stars. Their stories are fueling a sub-culture of entrepreneurial-obsessed students that see start-ups as exciting alternatives to traditional employment.