“ Innovation occurs at the intersection of invention and insight. It’s about the application of invention– the fusion of new developments and new approaches to solve problems.” – Sam Palmisano, Chairman and CEO, IBM
“ The process that transforms ideas into commercial value.” – The Centre for Innovation Studies in Calgary
“ A creation (a new device or process) resulting from study and experimentation.” – dictionary.com
“ Innovation is a locally driven process, succeeding where organizational conditions foster the transformation of knowledge into products, processes, systems, and services.” – Edward Malecki, Technology and Economic Development , from Partnerships for Innovation solicitation
To date, 145 companies have received MTTCF funding and completed their projects. With an investment of over $10 million these companies have gone on to receive downstream funding from angel and venture investors, federal awards and other resources exceeding $435 million. This is a leverage of the state’s investment through TEDCO of $43.3 to $1.
7:30 a.m. to 6:00 p.m., Baltimore, Maryland The Entrepreneur Expo will take place as part of Global Entrepreneurship Week (GEW) , with world-wide activities in recognition of the entrepreneurial spirit. It is the first large-scale event dedicated to promoting the key to Maryland’s innovation economy, its entrepreneurs. The day will include several programming tracks, dynamic exhibit floor, keynote sessions, networking reception and more.