Comments on: How to Build a Successful Innovation Ecosystem: Educate, Network, and Celebrate http://www.xconomy.com/national/2008/10/14/how-to-build-a-successful-innovation-ecosystem-educate-network-and-celebrate/ Business + Technology in the Exponential Economy Sat, 11 Feb 2012 09:14:03 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Do Innovation Ecosystems Need Higher Education? | coolass.com http://www.xconomy.com/national/2008/10/14/how-to-build-a-successful-innovation-ecosystem-educate-network-and-celebrate/comment-page-1/#comment-321975 Do Innovation Ecosystems Need Higher Education? | coolass.com Fri, 04 Mar 2011 16:01:43 +0000 http://www.xconomy.com/?p=5537#comment-321975 [...] the moral of the Romanian tale is to reinforce a point made in an earlier article, that while other factors like the presence of a world class research institute close to [...] [...] the moral of the Romanian tale is to reinforce a point made in an earlier article, that while other factors like the presence of a world class research institute close to [...]

]]> By: Angelo http://www.xconomy.com/national/2008/10/14/how-to-build-a-successful-innovation-ecosystem-educate-network-and-celebrate/comment-page-1/#comment-32239 Angelo Wed, 15 Oct 2008 23:56:02 +0000 http://www.xconomy.com/?p=5537#comment-32239 Bill, I enjoyed the article. I would add though that it also takes success, especially economic success to sustain an innovation culture. There are many universities around the world that produce great science; however, the mechanism for bringing innovations to market does not exist. I believe that this is largely because there is no economic advantage or incentive for doing so. At MIT the tech transfer office plays a big role in spinning out and licensing innovations for the profit of both the school and the founders. What has drawn innovators and entrepreneurs to the US in the past was the prospect of "living the dream"; aka having a big payday. Celebrating the creation and capture of value is critical in developing and sustaining an innovation culture. So as we slide down the slippery slope of Socialism how will we sustain the culture right at home so that others may live the dream? Bill,
I enjoyed the article. I would add though that it also takes success, especially economic success to sustain an innovation culture. There are many universities around the world that produce great science; however, the mechanism for bringing innovations to market does not exist. I believe that this is largely because there is no economic advantage or incentive for doing so. At MIT the tech transfer office plays a big role in spinning out and licensing innovations for the profit of both the school and the founders.

What has drawn innovators and entrepreneurs to the US in the past was the prospect of “living the dream”; aka having a big payday.

Celebrating the creation and capture of value is critical in developing and sustaining an innovation culture. So as we slide down the slippery slope of Socialism how will we sustain the culture right at home so that others may live the dream?

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