Adeo Ressi on Global Entrepreneurship

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Adeo Ressi on Global Entrepreneurship

  1. 1. Adeo Ressi: Founder Institute
  2. 2. Limits of Innovation  Limits of Language & Understanding  Cloud of Opportunities  The Adjescent Possible  Simultaneous Inventions  Myth of the Rougue Genious
  3. 3. Fantasy and FictionFaster than Light TravelFusion ReactorsEternal LifePossible InnovationsFlying CarRenewable EnergyInterplanetary HabitationEfficiency InnovationsElectric VehiclesSmart GridGenome Therapies
  4. 4. The Innovation EcosystemLabor / Talent Raw material for execution of ideasTraining Develop relevant vocational skillsMarket Unrestricted access to information and tradeRegulation Incentives and penalties for risk takingCapital Resources to accelerate successMedia Reporting on the state of the artMyths / Stories Success stories to inspire risk taking
  5. 5. Ecosystem MistakesLabor / Talent Restricting the labor pool with immigration Teaching entrepreneurship without practicalTraining skillsMarket Restricting intellectual property (ITAR)Regulation Penalizing risk with bankrupcy lawsCapital Overfunding idea-stage businessesMedia Censorship and libel lawsMyths / Stories Few or no success stories
  6. 6. The Entrepreneur (s% + t%) x (o% + i%) + e = SKILLS EXPERIENCE OPEN INTEL ECOSYSTEM  s Skills: vocational training  t Experience: appied skills  o Openness: nutured  i Fluid Intelligence: genetic  e Ecosytem
  7. 7. Entrepreneurship  Heavy Sensitivities  Often Circumstantial  Partially Genetic  Less than 2% of the Population
  8. 8. Idea Catalyst  An Emotional Response   Pain   Anger   Excitement   Curiosity  Sustained by Passion  to Triumph over Adversity
  9. 9. Common Misperceptions  Can not “Create” Entrepreneurs   Impossible to “Teach” of Entrepreneurship   Create an Environment for Entrepreneuship  Can not Force Ideas   Encourage Innovation in Sectors  Higher Education does not spawn Businesses
  10. 10. Spawning InnovationEncourage Risk Introduce full bankruptcy protectionReward Capital Eliminate capital gains taxationReduce Burdens Simplify the incorporation processOpen Markets Deregulate the free exchange of ideasSimplify the IPO Allow for the fast track of public offeringsProduce Heros Award and recognize winning companies Introduce a $500 MM prize for innovationSpawn Ideas ideas
  11. 11. Closing Thoughts  Innovation is Needed   Genomics   Power Generation and Transmission   Transportation   Space Exploration   Global Development   Food Production  Reduce Failure of Innovative Businesses   Structure, Mentoring and Support

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