Rainforest Rev: Our New Book on Measuring InnovationPosted: January 27, 2015
How do you grow an innovation ecosystem? Meet our new book!
In connection with the Global Innovation Summit, we’re proud to publish our third book… The Rainforest Scorecard: A Practical Framework for Growing Innovation Potential. The Rainforest Scorecard is the world’s first science-based methodology for measuring and growing innovative, entrepreneurial ecosystems. It provides a systematic way to assess and build innovation culture at scale, in any organization, public or private. Meet the authors, learn the methods, and experience results at the Global Innovation Summit in 3 weeks in Silicon Valley! Register for the Summit now.
HURRY! FRIDAY, JANUARY 30 IS THE FINAL DAY TO RESERVE HOTEL ROOMS
Hotel rooms in Silicon Valley are hard to find! Click here now to make your hotel registration at the San Jose Marriott on February 15-21
SUMMIT: FEBRUARY 17-19 | WEEK: FEBRUARY 15-21
THE BIG PICTURE
Victor Hwang, CEO & Co-Founder of T2 Venture Creation, from The Innovation Rainforest
The Rainforest Scorecard: A Practical Framework for Growing Innovation Potential is the world’s first comprehensive scientific measurement tool for growing innovative, entrepreneurial ecosystems. It’s the third book in our series on building innovative, entrepreneurial ecosystems. Our first book, The Rainforest, explains the scientific theory and models for complex ecosystems like Silicon Valley. The second book, The Rainforest Blueprint, is a usable design handbook for the broader public. This third book seeks the next step: to provide a practical tool for measuring and growing ecosystems in all types of organizations, public and private, large and small. Read more here.
Henry Doss, Chief Strategy Officer of T2 Venture Creation, from Forbes
A culture of innovation is a marriage, a synthesis of two worlds: the world of production and the world of creation; the world of the planned and the world of the unplanned; the world of the empirical and the world of the subjective. It is the synthesis of these two opposite worlds into a functioning whole that is the key to meaningful, purposeful and productive organizations. Now we have tools to systematize, empiricize, and measure innovation potential in organizational cultures, and then guide users through a process that supports the actual, real engineering of innovation into cultures. Read more here.
Over the past 30 years, the rate of start-up formation in the United States has slowed markedly. Washington can and should do now to encourage entrepreneurship. First, Washington should reform U.S. immigration law. In addition, Washington needs to make it easier for people who are not hugely wealthy to invest in start-ups. In particular, the Securities and Exchange Commission should make it simpler for investors to buy equity in start-ups through so-called crowdfunding platforms. Of course, the private sector must do more as well, and investors should experiment with ways to support new businesses. Read more here.
Harvard Business School
About 70 percent of the venture capital goes to only three states—California, Massachusetts, and New York. There is a lack of capital in America’s supply chains, particularly small and innovative manufacturers. While the amount of loan capital for small businesses has continued to increase, the number of individual loans has not. What this points to is a gap in small-dollar loans, which are important to startups and businesses in underserved communities. Read more here.
WGBH Public Radio Innovation Hub
A recent study finds that there were more founders over 50 than there were under 30. Instead of slowing down as they reach their 50s and 60s, an increasing number of baby boomers are identifying a need and building a company around it. One reason was that seniors faced the same issues as their younger counterparts during the recession: fewer full-time traditional jobs, and a need to think of more creative ways to bring in revenue. Plus, people are living longer – and staying healthier. At age 60, many people still have 25 good, productive years left. Read more here.
THE LATEST NEWS
The Gaza Strip isn’t exactly known for its burgeoning tech scene. Gaza’s only accelerator — Gaza Sky Geeks — is on a mission to change that. One of their biggest successes is creating a place that’s vibrant, open to creativity and optimistic. Many of the entrepreneurs are highly educated. They have the skills and the talent but they a
The impact investors have put $10.6 billion into almost 5,000 companies worldwide in 2013. More than half allocated money to sub-Saharan Africa. A preliminary study estimates that $650 million has been invested in Kenya alone, mostly in the last five years. Despite its drawbacks, Nairobi’s a pretty good place for a foreigner to start a company. English and Swahili are the official languages of Kenya, and Nairobi has several excellent universities that produce sharp graduates. Kenyans take pride in their country’s entrepreneurial hustle. There are direct flights to much of Africa and Europe, making it a convenient place to expand regionally. And if your business targets people with low incomes, Kenya has plenty of potential customers. Read more here.
China will set up a government venture capital fund worth $8.7 billion to support startups in emerging industries. The fund will focus on supporting fledging startups in emerging industries. It will also help breed sunrise industries for China’s economy to evolve towards the medium and high ends. China’s venture capital market remains small, the legacy of the country’s decades of the planned economy in which private sector’s development is largely subject to a great variety of restrictions. Read more here.
CALENDAR OF EVENTS
Global Innovation Week
February 15 to February 21. Silicon Valley, CA
Global Innovation Week is a Silicon Valley-wide festival celebrating the entrepreneurial spirit. More than 20 organizations are hosting events for 1,000 attendees. 50 countries are expected. Interested in hosting your own event? Apply here.
Sunday, February 15
- 11:00-5:00PM. Family Science Days. Host: American Association for the Advancement of Science. Location: San Jose Convention Center
Monday, February 16
- Capital Ecosystems event. Host: Kauffman Fellows. nestGSV, Menlo Park
- 5:00-6:00PM. Rainforest Architects and Makers Reception (private). Host: T2 Venture Creation. Location: Marriott Hotel, San Jose
- Brazilian Entrepreneur Leaders. Host: BayBrazil.
Tuesday, February 17
- Morning. 3-D Printing and Maker Movement. Stanford Strategic Foresight and Innovation program. Location: Stanford University.
- 6:30-8:30PM. Art & Innovation. Global Innovation Summit, City of San Jose, and Anno Domini (for registered Summit attendees only). Location: San Jose
Wednesday, February 18
- 1:00-6:00. The Future of Personalized Vehicles. Host: SVForum. Location: Quadrus, Menlo Park
- 5:30-7:30. Greater Phoenix Innovation Showcase. Host: Greater Phoenix Economic Council.
- 6:00-7:30. European Startup Showcase. EYIF. Location: Marriott Hotel, San Jose
- TechShop Open House. Host: TechShop. Location: San Jose.
Thursday, February 19
- 11:00-1:00PM. Innovation in R&D: Lunch & Learn (by invitation only). Host: BayBio. Location: South San Francisco
- 2:00-4:00PM. Convening the Conveners (private). Host: Opportunity Collaboration and Global Innovation Summit. Location: Marriott Hotel, San Jose
- 2:00-6:00PM. Rapid Urban Prototyping for Green Clean and Lean Cities. Host: Urban Innovation Exchange. Location: Prospect Silicon Valley, San Jose
- 3:00-5:00PM. Startup Funding Disrupted: Understanding the New Venture Ecosystem. Host: DLA Piper. Location: Xerox PARC, Palo Alto
- 5:00-6:30PM. PARC Forum (with Stanford design researcher Ade Mabogunje). Host: Xerox PARC. Host: Palo Alto
- Tea With a Twist. Host: Global Privat. Location: Marriott Hotel, San Jose
Friday, February 20
- All Day. International Startup Marketplace. Host: Hult Business School. Location: San Francisco
- 8:30-5:00PM (thru Saturday, February 21). Franchise for Humanity: Act for Impact. Host: Franchise for Humanity. Location: Stanford University
February 9 to February 11, 2015
Redwood City, CA