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Innovating
Innovation
It may not seem so obvious to many analysts, but in my view, the financial crisis of 2008 was a turning point for entrepreneurship and the scaling of innovation activities of all sorts across the globe. Perhaps coincidentally, this is when Vadim Kotelnikov, whom I first met in New Delhi in 2001, launched his innovative Global Entrepreneurial Creativity Contests − the first of many of his innovations such as his most recent Innompics, the Olympics for entrepreneurs.
Why is this significant? It's also the starting point of now-ubiquitous business accelerators, innovation bootcamps, other models and movements, and all the wide range of activities that provide dedicated support to individuals to take control over their destinies. We are increasingly searching inward for business solutions and ideas when the job market boards go dark. This phenomenon has occurred and is still happening in most markets (the USA being an outlier for other reasons); it was out of necessity to accommodate the vast layoffs of workers from tech and traditional businesses hit hard by the financial collapse. People were left to their own devices to make a new living, somehow, and this urgent need supercharged grassroots innovation activities with innovative approaches − innovating innovation.... More |
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