There is a powerful change under way in how innovation happens. This new approach is transforming how intellectual capital connects with financial capital, knocking down ivory towers along the way. Thanks to the globalisation and Googalisation of the world economy, clever ideas from every corner of the world now have the chance to be taken seriously—even if they come from people without fancy credentials. Governments, charities and corporations alike are increasingly turning to open and networked models of innovation, such as the use of incentive prizes, to solve difficult problems.
In future, the difference between success and failure will often be determined not by lack of access to capital, markets, talent, or other conventional obstacles. In the age
of disruptive innovation, resourcefulness will matter more than resources—and success or failure will be determined inside the mind of the innovator.
Are you ready for the revolution?