Remove Engineering Remove Finance Remove Incubator Remove Technology
article thumbnail

Are SMEs The Overlooked Engines Of Innovation?

The Horizons Tracker

Indeed, the European Commission regards them as the engine of the European economy. Despite this importance, they’re an often overlooked group, as they’re not considered sufficiently high growth to attract the wide range of VC-led support that fuels accelerators, incubators, and corporate venturing.

article thumbnail

What Your Innovation Process Should Look Like

Harvard Business Review

There is no burden on those who proposed a new idea or technology to talk to customers, build minimal viable products, test hypotheses or understand the barriers to deployment. This prioritization process has to start before any new idea reaches engineering. As the head of the U.S.

Process 11
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model

Harvard Business Review

Over the past few decades, Silicon Valley has been such a powerful engine for entrepreneurship in technology that, all too often, it is considered to be some kind of panacea. The Silicon Valley model, for all of its charms, was developed at a specific time, for a specific industry, which was developing a specific set of technologies.

article thumbnail

How GE Stays Young

Harvard Business Review

For example, GE incubated an energy storage company (“ Durathon ”), which has gone from the lab to a $100 million business in five years. In 2009, GE’s transportation unit developed a new sodium battery for a hybrid engine for locomotives. Product development: g etting closer to customers and moving faster.

article thumbnail

Entrepreneurs Take On Manufacturing

Harvard Business Review

First, Kickstarter and other crowd-funding sources have opened up new options for initial finance. Says CEO Nat Mani of the Silicon Valley contract manufacturer Bestronics : “We are increasingly seeking to work with start-ups as a form of business development, but also to stay on top of new technologies.

article thumbnail

Bring Back the General Manager

Harvard Business Review

Two decades ago, organizations were designed around stand-alone business units, so all managers had to understand finance, technology, manufacturing, sales, marketing, strategy, human resources, and more. Finally, carve out innovation incubators that will serve not only to build new businesses but also to grow general managers.

article thumbnail

How Bad Leadership Spurs Entrepreneurship

Harvard Business Review

They all incubated their business ideas while employed by someone else. In fact, America owes much of its recent growth, technological innovation, and socioeconomic progress, to inept managers. European taxpayers have funded much of the brainpower that stimulated technological innovation and economic growth in the U.S.