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Who is minding the Innovation Gap?

I hope you had a restful holiday weekend. The Memorial Day holiday is a paradox. It honors those who have fallen in military service to their country. With fluttering flags at gravestones and taps in the air, it is the most solemn of holidays.

Unofficially, it starts the summer season and with sparkling weather framing joyous graduates, family picnics, the I......

Full article >>> only one manifestation - the tail end - of the innovation gap.

A few definitions are helpful. According to the National Institute of Standards and Technology (NIST), which has published an excellent study of the situation:

invention [is a] shorthand for a commercially promising product or service idea, based on new science or technology that ......

Full article >>> erts. There are absolutely tremendous technology opportunities coming out of the university notes Dr. Michael Cleare, executive director of the Columbia University Innovation Enterprise, but we need more commitment and mechanisms to tap into that intellectual capital.

A confluence of multiple factors have lead to the gap financing problem. These incl......

Full article >>> attendant aspects of deal-making) takes time and money and, as many entrepreneurs know, most venture funds will not even consider deals that are less than $10 million in size. There is also a correlation between size of the deal and the maturity of the underlying business. Early-stage deals are never large.

Inefficient risk assessment. As technology gets more complex and as the c......

Full article >>> g to leap past the innovation gap must gather a world-class management team.

Assembling top-notch management has three implications:

It reduces the execution risk for the project, thus emboldening investors who would otherwise not commit to the project.

It serves as a proxy (or at least a supplement) to due diligence such that a venture capital firm gains......

Full article >>> ntal problem. Namely, they have a strong disincentive to have their rent-paying, start-up tenants move up and out. This mutual dependency (or weaning) problem has the paradoxical effect, even if psychological, of potentially slowing down development within these incubators.

Gary Pisano of Harvard Business School - in his book Science Busine......

Full article >>> n untimely death but at least allow more of them to reach their full potential. The tragedy of a lost idea is nowhere near that of that of the ultimate sacrifice, but as Memorial Day fades into summer let us reflect upon those that have fallen and look hopefully to the future.

Previous articles by Ogan Gurel

Barriers ......

Full article >>>, and was reprinted with its permission.

The opinions expressed herein or statements made in the above column are solely those of the author, and do not necessarily reflect the views of Wisconsin Technology Network, LLC.

WTN accepts no legal liability or responsibility for any claims made or opinions expressed herein.......

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'"/> By Dr. Ogan Gurel 05/30/07

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