There's no magic formula for coming up with the next big thing, and there's no shortage of people trying. Luckily, there doesn't appear to be any shortage of demand for innovative ideas and products. Having been around entrepreneurs, startups, and innovative companies my entire career, I've seen quite a few methods that seek to foster … Continue reading Innovation is not a Magic Formula!!
Stephen Shapiro, Best-Selling Author of Best Practices Are Stupid and Dr. Karen Keller, Influence Expert, Discuss Innovation “The outstanding response to Stephen’s interview clearly shows how hungry women are for pragmatic information to help them develop their innovative and creative skills. Often many women are afraid of sharing their ideas at work. Stephen dispels the … Continue reading Innovation Really is More Than Brainstorming
The HYVE team, are delighted to tell you about the new and very interesting open innovation idea contest “ideabird” which was launched at www.ideabird.com HYVE AG based in Munich (Germany) and founded in 2000 - has many years of experience in the context of developing and managing open innovation or co-creation platforms, establishing idea management … Continue reading New innovation contest online!
Yes it's true. I had to read it twice to be sure but as my colleague Seth Leitman the Green Living Guy always says, going green is profitable. Going green can be profitable – that is the conclusion of multiple studies that have looked at the financial outcomes of corporate efforts to improve their environmental … Continue reading Going Green Is Profitable. Forbes Just Figured It Out!
The New York Times recently ran an excellent profile of Bell Labs by Jon Gertner entitled “True Innovation.” The pieces attributes much of the Labs’ success to onetime chairman of the board Mervin Kelly, who gave researchers time and substantial research autonomy – out of the recognition that true innovation is a product of time-consuming exploration of high-risk ideas. Gertner ends the profile in part lamenting contemporary companies’ emphasis on the quick payoff in regard to innovation. Nevertheless, it is important to recognize that an institution that takes the long-view when it comes to research and specifically encourages high-risk, high-reward breakthroughs still exists today. That institution, ARPA-E, is very much cut from the same cloth as Bell Labs. To be sure, there are key differences between ARPA-E and Bell Labs. The former’s efforts are specifically targeted at transformational energy research while the latter was much more fundamental or “blue sky” in its approach. Also, whereas ARPA-E – a governmental entity – identifies and supports promising technologies, the privately-owned Bell Labs developed technologies in-house. Nevertheless, the organizations are linked by a common commitment to “move deliberately and build things,” as Gertner puts it. “This is what ARPA-E is all about: invent a new learning curve and let it compete with other technologies that are out there,” Energy Secretary Steven Chu said during his keynote speech at the recent ARPA-E Energy Innovation Summit. Furthermore, like Bell Labs, ARPA-E recognizes that it may be years before its investments pan out.
Washington, D.C. – U.S. Secretary of Energy Steven Chu announced today plans to launch a new Energy Innovation Hub for advanced research on batteries and energy storage with an investment of up to $120 million over five years. The hub, which will be funded at up to $20 million in fiscal year 2012, will focus on accelerating research and development of electrochemical energy storage for transportation and the electric grid. The interdisciplinary research and development through the new Energy Innovation Hub will help advance cutting-edge energy storage and battery technologies that can be used to improve the reliability and the efficiency of the electrical grid, to better integrate clean, renewable energy technologies as part of the electrical system, and for use in electric and hybrid vehicles that will reduce the nation’s dependence on foreign oil. “As part of the Obama Administration’s investments in science and innovation, this Energy Innovation Hub will bring together scientists, engineers, and industry to develop fresh concepts and new approaches that will ensure America is at the leading-edge of the growing global market for battery technology,” said Secretary Chu. “With the advances from this research and development effort, we will be able to design and produce batteries here in America that last longer, go farther, and cost less than today’s technologies.”