Archive

Posts Tagged ‘investors’

Creating an ecosystem for entrepreneurs, innovators and investors

June 13, 2013 Leave a comment

Creating an ecosystem for entrepreneurs, innovators and investors

What do you get when you gather some entrepreneurs, serious investors, and innovators together at a jam-packed, invitation-only, event on entrepreneurship? Read on to find out…

Follow The Entrepreneur

Follow The Entrepreneur Summit 2013

I attended the third annual Follow the Entrepreneur Investor Summit, and wasn’t disappointed by the impressive speakers, entrepreneurs and location. The event focused on: “The New Common Sense” (why society needs to organise around the entrepreneur), and “The New Future” (how entrepreneurs are transforming the future of business). Among the superb array of speakers and topics, a few highlights include:

Former defence secretary, Dr Liam Fox MP, delivered a key note calling for the UK to focus more on growing the economy by encouraging entrepreneurship.

Dell’s entrepreneur in resident, Ingrid Vanderveldt, descibed how corporates can get into the action by providing the facility to connect startups with resources (e.g. Dell’s Entrepreneur Centre), and she wondered why more corporates were not already doing this.

Mark Hoffman, ceo of Oxygen Finance group, and founder of Sybase and Commerce One, explained how to make money from account payables, via an innovative new service

Panelist, Geoff Knott, recalled how social innovation and reform has always had the biggest impact on society, and called for entrepreneurs to “think broader than just business”.

Panelist, Frank Meehan, described how a 16 year old created a news summarisation service, and  secured investment from Li-Kashing’s Horizons Venture. The service is set to be acquired by Yahoo!

Matternet Drones

Matternet Drones

Panellist, Andreas Raptopoulos presented a bold vision for radical transformation of the transport and logistics industry with Matternet, an AI enabled network of drones and ground stations that can be used to deliver medicine and other lightweight goods in remote or road challenged locations around the world. I said it was a bold vision.

Mary Turner, serial entrepreneur and former CEO of Tiscali UK, described a service that senses and alerts users to events at home. The sensing network being a key component of the intelligent home and the Internet of Things.

This event was full of entrepreneurs with fascinating ideas in different stages of maturity, and it felt very much like an innovations parade; one idea even better than the next. For example, I ran into the founder of Scoopshot, (a service providing crowd-sourced visual content – i.e. images and footage for breaking news); then heard from the founders of Quill (a service for bespoke, branded content, articles which has since raised £1M from Ariadne & partners), and Taggstar (a data rich, content tagging service that enables shopping, sharing, viewing and targeting). When combined with investors and established legal / media industry representatives, one could easily see the future of transmedia content publishing and usage business models all present together in the one room. The same could be said for any other industry e.g. health, defence, logistics or manufacturing you care to name.

In conclusion, I believe it is this sort of occasion and environment (with the right mix of investors, innovators and entrepreneurs) that some key connections and relationships are sparked off, which ultimately go on to impact the world.

Talking Innovation

July 10, 2012 Leave a comment

Innovation is a great word for a great concept, and most people seem to have something to say about it, but the fact remains that innovation (or being innovative) is not something said or claimed, but rather it is best used (preferably by others) to describe an accomplishment. With that in mind, how difficult or easy is it really to innovate, or to be innovative?

Tough questions which it seems can only be answered by those who have themselves done it. Apparently, there exists different categories of innovation, including: incremental, tangential or accidental, and the much-loved (by start-ups and investors) disruptive innovation. Over the past few weeks, I had several opportunities to discuss or participate in activities, events and groups concerned with innovation, to different degrees, and below are brief highlights from some of them:

Logos

Innovation related events / activities / groups

 

  • Brand New BCS Entrepreneurs Specialist Group – In an industry famous for turning other industries on their collective heads, the BCS Chartered Institute for IT has finally created a specialist group dedicated to fostering innovation and entrepreneurship among its members, businesses and society at large. I attended the pre-formation meeting, at the rather appropriately named Innovation Warehouse, and can safely say that the aims / aspirations of this group to engage with entrepreneurial communities in order to grow the digital ecosystem is right on target, and should be one to watch.
  • Mentoring innovation at the Information Technologists’ Company – An event on mentoring, organised by the 100th livery company of the City of London, was the forum for meeting several like-minded entrepreneurs, investors and technology leaders. Suffice it to say that this company takes seriously, its aim to give something back to society via robust programmes of charity and education (including mentoring) of those less fortunate / established amongst us.
  • Innovation Foundation – I recently had a chat with Professor Hargreaves, of UK IP Review fame, at the London HQ of NESTA, (the independent charity for innovation and entrepreneurship with stated mission to “help people and organisations bring great ideas to life”). The aims and objectives of this organisation are ever more relevant and urgently needed for a sustainable economic recovery, especially as more people are venturing to set up their own innovative technology businesses in the UK.
  • Parliament, Industry and the Lord Sugar – The Industry and Parliament Trust works to encourage more real world interaction and constructive dialogue between UK business and parliament. Their recent AGM featured renowned entrepreneur, the Lord Sugar (from BBC’s The Apprentice) who held a Q&A session which covered among other things, the often unrealistic expectation of young entrepreneurs (who mostly wish to become the next Mark Zuckerberg), and his belief that entrepreneurship is a quality best observed, commented and bestowed upon a person by others, pretty much as observed earlier about innovation.
  • Social Media Jam – A brief internal social media event featuring digital agency co-founder, AKQA’s Ajaz Ahmed, talking about the Seven Laws of Velocity, in his new book entitled “Velocity: The Seven New Laws for a World Gone Digital”. A wealth of anecdotes on innovation included an observation about how really great innovative companies (e.g. Sony or Apple) will not often to themselves as innovators, rather this is how others perceive and refer to their products and services – once again, after the fact!

All wonderful stuff indeed, and which has left me with a fierce hunger (or “La Niaque”) to do and become more involved in groups and activities that foster innovation. For example, next week, I’ll be speaking about the role of enterprise architecture in innovation at the Open Group Conference in Washington DC. In any case, the two key messages I picked up from the above listed flurry of activities / events / groups are:

  1. A common theme that real innovators and entrepreneurs will often be perceived and described as such, by others, after the fact. Actions truly speak louder than words in this respect.
  2. Technology consulting firms and system integrators, such as Capgemini, may have a key role to play in the innovation / entrepreneurship ecosystem, especially as a trusted advisor and potential partner to large organisations clients in their quest to connect with those innovative, high-growth companies (not necessarily early stage start-ups) that can help them differentiate / change / elevate their game in the fast changing business and technology environment.

I would welcome any suggestions / comments / critique on the best ways to help make the latter happen. As for the former, I guess we’ll just have to wait until after the fact!