5. A New Paradigm
• Predict and Repeat Learn and Adapt
• Business Planning Business Modeling
• Eliminate Risk Manage Risk
• Never Fail Fail fast and cheaply
• Outputs Outcomes (Patents ≠ Products)
• Invention Innovation
10. Roots of the Rainforest
1. Enlightened Government Policies
2. Dismantling hierarchies knowledge flows
social trust
3. Informed & Engaged Private Sector
4. Responsive and responsible workforce
development
5. Porous University – Industry Interface
6. Youth Engagement
7. Flexible Intellectual Property Frameworks
11. Roots of the Rainforest
8. Supportive Infrastructure
9. Smart Capital
10. Active mentorship and entrepreneurial /
enterprise support
11. Proactive leadership development (role
models)
12. Social mechanisms to actively build and
distribute trust and foster collaboration
13. Venues to support risk sharing
14. Celebrate Success!!!
12. Who’s at the Table?
Potential Investments
Key Interest Groups Access to In-Kind Pro Bono
Time Political Access Financial
Networks Resources
Local Business Community
(real estate, insurance, etc)
Local & Regional Trade Assoc.
Business Service Providers
(legal, etc.)
Large Companies (nat’l &
global reach)
Research Enterprises
Government Agencies (WiBs,
EDCs, etc.)
Private, Public, & Institutional
Investors
Regional Foundations &
Philanthropic Families
Demand-Driven Education
Providers
16. •Who are the entrepreneurs?
•Who has the reputation, resources and •Who are the service providers? •What is the regulatory environment for
commitment to lead new initiatives? •Who are the inventors? innovation?
•Who will champion new initiatives within •Who are the capital providers? •What legal/bureaucratic barriers stand in
their own organizations? •Who are the support organizations? the way of entrepreneurship?
•How can leaders and champions be more •What is the role of government? •What widespread social norms surround
inclusive? •Who are the other key participants in the innovation ecosystems? the innovation ecosystem?
•What are people already doing to stimulate •Where, when and how do stakeholders
•What resources are available to aspiring innovation/entrepreneurship?
•Who are the local entrepreneurs that have
interact? built successful companies?
entrepreneurs (knowledge, mentorship, •How are these people collaborating with •How do ideas, talent and capital come
cloud hosting, etc.)? each other?
•Who are the local entrepreneurs that
together?
•What sources of capital are there in the •What activities drive participation in the •What are the lines of communication
haven’t yet been successful and what can
marketplace? we learn from their failures?
community? between partners?
•How does this capital flow and interact with •What events create ‘buzz’ and generate •What regions have similar attributes and
growing businesses?
•How do members of the community resources?
interest? collaborate with each other?
•What is the volume and quality of talent in •What organizations have shared
the labor pool?
•How does the community engage external visions/values?
or global partners? •Are there other regions with successful
•What are the main sources of innovative •How does the community encourage recruit
ideas/discoveries/inventions? innovation ecosystems that we could learn
new constituents?
•What resources are available to service and •How do young people get involved?
from or emulate?
support organizations that interact with
entrepreneurs (workforce training, etc.)?
•What forums exist that allow the breakdown
of social and professional hierarchies?
•Where do people come from?
•What are their value systems?
•What are their motivations (money, reputation, lifestyle, self expression, etc.)?
•What are the ‘amenities of place’?
•What is the density and quality of service providers (law, IP, consulting, real estate, etc.)? •How do we create and maintain a sense of urgency?
•What boundary spanning organizations exist? •What kind of innovative social networks exist already?
•What is the local level of serial entrepreneurship? •How do people deal with uncertainty, risk or randomness?
•What is the density and quality of physical infrastructure (airports, internet connections, etc.)? •How is failure perceived?
•What are the core sectors of the local economy? •Do people build for perfection or iteration?
•What are the strongest regional comparative advantages?
