On October 3rd, at The Times Center in New York City, 39 students representing 35 businesses from around the country will contend for top honors and for the chance to win over $25,000 in cash and prizes to help bring their business ideas to life or advance their education.
Innovators, especially in established organizations, need complementary characters around them, people who can help sustain commitment and who have the tolerance for ambiguity that allows innovators to work through the messy process of building the next great thing.
The jury is still out about how the new system is affecting companies with potentially novel inventions. But one thing is for sure: First to file is forcing inventors to be smarter and quicker about how they approach their intellectual property.
In many ways, self-employment rocks! Doesn't it? Technically, I'm not self-employed, but I was for years and I still act like I am. I know the perks. It's awesome to be able to wear what you want more often, work from where you want, set your own deadlines and answer to yourself.
Most of Hawaii's startup scene is focused on web, smartphone and other digital technologies. But Hawaii is also a great crucible for analog startups, and in the case of Bluesmiths, it's technology for people who spend more time surfing the waves than the Internet.
If the founders of a company are diluted too heavily upfront, one day they will wake up and see the investors get rich off of their hard work, IP, and ingenuity. Once that happens, the spirit will be sucked out of them and their company will falter. And then what?
In a 20-month span, two of the most important people in my life tragically passed away, and I quickly realized that our personal and business lives are inextricably bound. For me, nothing has been the same since. Work, sleep, life and the future I thought I knew all changed.
U.S. national security requires a nimble, adaptable approach. To use a word that is rarely uttered in national defense circles: the military establishment should incorporate an entrepreneurial culture and approaches into its existing toolkit.
I think there are more kids than we realize who are into business. And I think there are more kids than that who are curious about it. I can bet there's a kid out there right now who is maybe 6 or 7 or 8-years-old who is thinking about an idea laced with entrepreneurial spirit.
Based on my own experience, I'm pleased to say that more women are becoming interested in historically male-dominated industries. But this should not be at the expense of a balanced and mutually beneficial partnership between men and women.
Young entrepreneurs bring something very special to the innovation market. What do you think that is? Is it their naïveté, their enthusiasm or their boundless energy? It is all of these things and more.
We do the work we do so that we get to be in control, and yet we often find the pace of that work controlling us. So I challenge those of you who are employers, self-employed or social entrepreneurs: take a sabbatical.
The start-up world has made a religion of killing the sacred cow: anything that reeks of business-as-usual is frowned upon. Graduating from university? Unnecessary. Cubicles? Please. PowerPoint? Shame on you.
If you choose to see your venture through its transformation from a growing start-up to a professionally managed firm, prepare yourself for a second, equally important, and potentially more challenging transformation.