The models of taking such innovations forward at the companies I worked with or at like IBM tend to be limited by the expectations of the product managers. The opportunities for taking innovations forward at MIT where I taught for 10 years can be limited by the academic stance.
Innovation cultures exist in self funded and venture funded entrepreneurial activities, universities, and large research labs. What are the various values and strengths of the different models for innovation business development? This talk will expand beyond the problems of open innovation and offer a new entrepreneurial investment model which can increases innovation's chances for success.
Excubation will support ideas and people though competitions to reduce risks of starting new technology companies. A prototyping team will create competing new ideas to find ones that could make great companies. The successful ideas then become part of open funded competitions to test market viability and teams that might take the company forward. The original prototyping team and serious business experts are part of evaluating and mentoring the participants to create successful technology companies.
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