Vermont Innovation At The Verge

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“For centuries people assumed economic growth resulted from the interplay between capital and labor. Today we know that these elements are outweighed by a single critical factor: innovation.

Presented by Joel A. Barker, futurist, author, filmmaker

Published in: Technology, Business
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Vermont Innovation At The Verge

  1. 1. Innovation
  2. 2. The importance of Innovation <ul><li>“ For centuries people assumed economic growth resulted from the interplay between capital and labor. Today we know that these elements are outweighed by a single critical factor: innovation. </li></ul><ul><li>“ Innovation is the source of US economic leadership and the foundation for our competitiveness in the global economy.” Bill Gates </li></ul>
  3. 3. Innovation & the Marketplace <ul><li>Importance of innovation in world economy </li></ul><ul><ul><li>New jobs </li></ul></ul><ul><ul><li>New wealth </li></ul></ul><ul><ul><li>Progress </li></ul></ul><ul><ul><li>The great leveler </li></ul></ul><ul><ul><li>Larger marketplace </li></ul></ul>
  4. 4. The Economist magazine <ul><li>“ Innovation is now recognized as the single most important ingredient in any modern economy” </li></ul>
  5. 5. Definitions of Innovation <ul><li>“New products, business processes, and organic changes that create wealth or social welfare.” OECD </li></ul><ul><li>“Fresh thinking that creates value.” Richard Lyons, Goldman Sachs </li></ul><ul><li>A new idea successfully implemented in the marketplace. </li></ul>
  6. 6. Where to Look for Innovations <ul><li>21 st Century will be different than 20 th Century </li></ul><ul><li>Mark of the 20 th century: single, separate innovations </li></ul><ul><li>New territory for discovery </li></ul>
  7. 7. Puzzle #1 <ul><li>The Titan 1000, Six Axis, 1000kg manufacturing robot built by Kuka </li></ul><ul><li>New applications? </li></ul>Copyright Kuka Robotics Group
  8. 8. Robocoaster! Copyright Kuka Robotics Group
  9. 9. Puzzle #2 <ul><li>Gift wrapping paper + Paper bag = ? </li></ul>
  10. 10. Puzzle #2 <ul><li>Gift Bags! </li></ul>The Lacey Paper Company
  11. 11. Innovation at the Verge <ul><li>Both are the results of “Innovation at the Verge” </li></ul><ul><li>Both created new categories </li></ul><ul><li>Both are exemplars of 21 st century innovation </li></ul>
  12. 12. The “Verge” <ul><li>Where something and something different meet. </li></ul>
  13. 13. “ Most of the big ideas of the 21 st century will be combinations of single ideas from the 20 th ” Jerry Allan, architect and professor
  14. 14. Question: <ul><li>Where, in an ecosystem, is the most logical place for highest rates of breakthrough innovation? </li></ul><ul><ul><li>Where the competition is strongest? </li></ul></ul><ul><ul><li>Where the competition is weakest? </li></ul></ul>
  15. 15. Old Answer <ul><li>Where the competition is fiercest—the center of the system…” survival of the fittest.” </li></ul>
  16. 16. New Answer <ul><li>Also at the edge…at the verge between ecosystems… </li></ul><ul><li>where something and something different meet. </li></ul>
  17. 17. Why? <ul><li>Novel stimuli </li></ul><ul><li>New opportunities </li></ul><ul><li>Safer to experiment </li></ul><ul><ul><li>Fewer competitors </li></ul></ul><ul><ul><li>Failure in secret </li></ul></ul>
  18. 18. Nature’s Innovations at the Verge <ul><li>Fish </li></ul><ul><li>out </li></ul><ul><li>of </li></ul><ul><li>water </li></ul>Copyright University of California, Berkley
  19. 19. Nature’s Innovations at the Verge <ul><li>Creatures taking flight </li></ul>Howard D. Sirak animalworldspecialimages.com Copyright Big Stock Photo
  20. 20. Nature’s Innovations at the Verge <ul><li>Returning to the sea </li></ul>Copyright Big Stock Photo
  21. 21. Does it work for us?
  22. 22. Robocoaster Review Kuka Robotics Group
  23. 23. Prius Toyota Motor Sales America, Inc
  24. 24. MDI Compressed Air Car Moteur Developpment International                                                                                                                                                             
  25. 25. Finding a “Disease”
  26. 26. Leadership Solutions Companies <ul><li>Debbe Kennedy Consultant + </li></ul><ul><li>Sally Green Graphic Artist = </li></ul><ul><li>monopoly advantage </li></ul>Copyright 2008, Joel A. Barker. All Rights Reserved
  27. 27. Verge Graph Low Competition Other Territory High Competition My Territory
  28. 28. Vergent Territory—Fed Ex Low Competition Other Territory High Competition My Territory
  29. 29. “ Partners Over there”--iPod Low Competition Other Territory High Competition My Territory
  30. 30. “Over and Back” --Prius Low Competition Other Territory High Competition My Territory
  31. 31. “ Enhancing at the Verge” --software Low Competition Other Territory High Competition My Territory
  32. 32. USC Inkjet Housing
  33. 33. A “Printed” wall       http://www.cbsnews.com/stories/2007/02/16/business/realestate/main2487598.shtml
  34. 34. Programmable Clothing
  35. 35. Spider Silk and Goats
  36. 36. Finding S 1 Verges Exercise <ul><li>List five of your greatest strengths </li></ul><ul><li>Ask yourself, who in a totally different industry could you form a verge relationship with? </li></ul>
  37. 37. V Team Structure Copyright 2008, Joel A. Barker. All Rights Reserved
  38. 38. Super Verges <ul><li>Platforms that offers many partnerships opportunities from many directions </li></ul>
  39. 39. The Big Four
  40. 40. The Big Four
  41. 41. The Big four
  42. 42. The Big four Copyright, GCIS
  43. 43. Dubai Verge
  44. 44. Daniel Boorstin <ul><li>“ The Fertile Verge” </li></ul><ul><li>Saw America as the most “vergent” nation in the history of the world. </li></ul>
  45. 45. Family Companies <ul><li>You, as leaders, must find innovative ways to educate, to run your companies </li></ul><ul><li>Your largest opportunities will be at the Verge. </li></ul>
  46. 46. At the intersection of differences lies the opportunity for innovation. JB

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