Innovation
If the rate of change on the outside exceeds the rate of change on the inside, the end is near
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From Innovation Ecosystems to Startup Ecosystems Global Megatrends In Ecosystem Developments
Transition Factors
From past
- Simple linear world
- Closed, expensive and less creative pressure or freedom
- Dependency on “hosts & gatekeepers”
- About ideas, invention and research by big companies creating most actual innovations (mainly due cost factors)
- Old models are already working “at their best level” and are difficult to significantly improve, so markets seek for “next level” solutions
- Minimal innovation impact achieved by outsider strategies and methods (customer development)
- Innovation requires for someone to take initiative with commitment to make it happen
Today and Future
- Non-linear, globally networked world
- Free & cheap technology, platforms, infra & go to market channels
- Innovation via startups fast, flexible, highly motivated, cost effective, supported by private and public parties
- Innovation process is more open and more exposed to true market validation
- Smart big companies are moving towards open innovation
- Working together and acquiring most potential startup and talent
- Startups are “outsourced innovation” for big companies, just like app developers are for software platforms (iOS, Android, etc.)
- Startups and innovative SME’s our biggest job creators
Dynamic startup ecosystems breed new startups that create 2/3 of new jobs, attract international talent and foreign direct investments. Network connectivity within and between the ecosystems is the single most important contributor to growth.
