When you start now by looking at the context that we are living in and the impact it has on America
America has more advantages than any land in the world. We have abundant freedom, etc.
It is sobering to realize that China has more honor students than we have students. Being in 1in million in China is not such a big deal
We must start by understanding the world we are now in. We call it the global innovation economy.100k going to BS to read about what it is aboutRather than doing it and getting involved—50X better300 page BP 5 yr plan when there are only 90 days of visibility into the marketIncubators in Nairobi, Shanghai, etc.
Huge global markets.This is the best time in history for making major contributions through innovation.http://www.reuters.com/article/2012/02/17/us-apple-china-idUSTRE81G08220120217http://www.bgr.com/2012/03/13/samsungs-smartphone-market-share-more-than-triple-apples-share-in-china/
Let’s start with the definition of innovation.
Our innovation processes became so well known that Our CEO co-authored a book to document our methodology a few years agoIt identifies 5 key factors- the 5 disciplines of innovation– as critical in the drive to achieve market successAnd this became a best seller and the basis for our coursework on making R&D work better for national labs and other technical organizations
Into the late 1980s the U.S. had the best government R&D funding programsNSF, NIH, DoEd, DoE, DARPA, ….Major trends in R&DImportance of multidisciplinary, collaborative projects is growing: today more the ruleInnovation programs, isolated from real customers, almost always failDARPADARPA employs Entrepreneurial InnovationOnly 240 employees$3.2B budget/yr or $13M/staff memberOther U.S. gov’t R&D organizations are adding DARPA-like elementsARPA-E, i-ARPA, and ARPA-Ed proposedThese programs depend on superb PMs, which are in short supplyNIH and NSF are yet to adapt but likely will
Create millions of jobsEliminate debt—only way to pay off the debt and if we are to address our social and environmental… obligations
Creating abundance in the global innovation econ Curtis Carlson