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.
Business incubators for sharing services were all the rage back in the days of the dot-com bubble. About that time the bubble burst, causing more than 80 percent of them to disappear. Now they are coming back.